HMC MD Pankaj Munjal motivates CICU Members on “Strategies for Growth”

Ludhiana, August 28, 2021: Chamber of Industrial and Commercial Undertakings (CICU), Ludhiana organized a Symposium on “Strategies for Growth” for Young Business Leader Forum with Pankaj Munjal, MD, Hero Cycles Limited at a local hotel.

Upkar Singh Ahuja, President, CICU welcomed Chief Guest Pankaj Munjal and gave a brief presentation of working of CICU. He said focus of CICU is toward upgrading the industry by organizing Training Sessions, Job Fair, Factory visits, Exhibitions, Industry related events etc. He stressed the need of shredding traditional culture adopted in industry and adopting latest technology.

He also highlighted on the importance of well-formed strategies as they enable business growth and provide edge against competitors. He further addressed on the gap between Industry & Academia, in order to eliminate this gap CICU has created a Technology Enabling Center with the support of Punjab University, where industry can seek help from universities in new product development or on other issues faced by them.

Pankaj Sharma, General Secretary, CICU while addressing the gathering mentioned, how CICU since last few years have been working tirelessly to endeavor & match International standards and bring back the  glory of being Manchester of India with new trending culture & world class manufacturing. With the evolution of Electric Vehicle it is going to be quite tough competition but it will open new horizons for the industry which will adopt right strategy to surview. 

Pankaj Munjal, MD, Hero Cycles Limited shared his experience as how failures in his initial days transformed him. He emphasized that to be a successful Entrepreneur, you should learn from failure and should take calculated risks. When you are thinking of goals in business or life, think bigger goals as they will grow you into better individual. The world is changing very rapidly and we will have to change ourself in the same manner.  Good practices need to followed and adopted in order to sustain growth.

 “Great Companies are made from Great Products”. To sell your product in the market largely depend on how well you know your product.  

Nitin Dhand, CICU YBLF member introduced Global Alliance for Mass Entrepreneurship (GAME) a program of Govt. of Punjab in collaboration of CICU. The agenda of this program is to build strong organization and compete in the market. He thanked CICU for providing platform to build a progressive eco system in Ludhiana. 

J.S. Bhogal, Publicity Secretary, CICU shared the objective of formation of CICU YBLF group is to upskill the Young Entrepreneurs and help them to achieve their goals. CICU regularly organize Factory visits, motivational sessions, skill development sessions, management sessions etc to upskill and upgrade young enterprenures.

The vote of thanks was presented by  J.R. Singal, Managing Director (MD) Eastman Cast & Forge Ltd.

The program was attended by more than 150 members, some namely by S.K Rai, Avtar Singh Bhogal, Barunpreet Singh Ahuja, G.S Dhillion, Gautam Malhotra, Honey Sethi, J.K Sablok, Rajat Gupta, Sarvjit Singh, Davinder Garg, Munish Mehta, Dipin Mahajan, Surinder Singh, Kishore Kumar Ladia, Diljot Singh and other prominent members was present.