Mysuru: CII Mysuru held its Annual Finance and Taxation Conference with the theme “Role of Finance – In Recovering from Volatile Economy” virtually on Mar.19.

George Alexander Muthoot, Managing Director, Muthoot Finance, who delivered the keynote address, said that economy was showing signs of revival and there was excess liquidity in the market. 

Stating that the real estate sector is back on growth path provided by a drop in interest rates, he said the sector will grow further. Consumer spending has started going up and MSMEs have got a large role to play in the revival of the economy, he added. 

Kumar Subbaiah, Executive Director & CFO of Ceat Limited,  said “Managing volatility and uncertainty is important in post-covid economy.” He also mentioned on the necessity to bring structural changes in the organisation. 

Pavan G. Ranga, Chairman, CII Mysuru, spoke about a CFO’s role in the volatile economy and reiterated on the higher responsibility of every finance professional in shaping-up a growth path to the industry. 

Amit Kumar, Immediate Past Chairman, CII Mysuru, highlighted about industry’s faster revival, besides some bottlenecks in the process and also mentioned about strengthening ease of doing business initiatives by the Governments that will help industry to grow further.  

Nagaraj Garla, Executive Director of IDBI Bank, spoke on the state of economy and added that, Government initiatives like Aatmanirbhar Bharat, incentives, stimulus packages etc., have helped in reviving the economy.  India’s GDP in Q3 has become positive and Credit growth has remained stable and all key indicators of the economy showing signs of revival.

Krishnamurthy, CEO of Castaliaz Technologies, spoke on “2-Bin Kanban system in SAP, GST end to end automation of E-Invoicing and E-way bill, etc; K.R. Bijimon, CGM of Muthoot Finance on the importance of gold loan for the economy and the important role of NBFC’s in MSME financing; Bharat, Assistant General Manager, SBI SME Division on various financing schemes offered by SBI for MSMEs; Satyajit Nandakumar, South Head — Family Office in ICICI Securities on  various financing schemes offered by ICICI Securities for the MSMEs and individuals.  

S. Ranganathan, Convenor of CII Mysuru Finance & Taxation Panel and CFO of Automotive Axles Ltd., set the theme for the Conference and R. Devanathan, Co-Convenor and CFO of N. Ranga Rao & Sons Pvt Ltd., proposed a vote of thanks. 

The Conference was attended by more than 100 Finance professionals through virtual platform, according to a press release.