LMA organised a Panel Discussion on Scaling Up Businesses in Ludhiana

Ludhiana, October 11, 2017: Having Ludhiana as a financial, commercial & manufacturing center of Punjab, LMA (Ludhiana Management Association) organized a panel discussion on scaling up business. The discussion forum was attended by more than 200 industrialist of the city. Mr.Sachit Jain, Joint MD, Vardhman Textiles Limited and Mr K K Jalan, Former Secretary, Ministry of MSME, Govt of India shared their valuable remarks. The discussion started with opening remarks of Mr. Jain. He said that giving next generation right values, a proper training & education and some work experience is very important for scaling up the businesses.

Mr Gaurav Goel, Senior VP & Country Head, CBB, YES Bank Ltd was the moderator during the panel discussion where the four panelist were Mr Vishal Juneja, Director, Vidhata Group, Mr Gautam Sikri, MD, Ramsons Cycles Pvt Limited, Mr Bhuwan Goyal, Director, AP Refinery Limited & Mr Ami Verma, Director, Techies India Inc. The discussion aimed analyzing on how to improve the conditions for startups to scale-up, create more jobs and enhance market competitiveness. The panelist concluded that for scaling up the businesses we need to dream big, have proper values, work on people strategy, process & culture of the organization.

Mr K K Jalan, Former Secretary, Ministry of MSME, Govt of India while giving his closing remarks said that it is important for the businesses to work along with the government and understand their schemes and policies. He further added that the business must act as pressure group for the favorable government policies.

Dr. KNS Kang, President, LMA in his presidential remarks said that scaling up the businesses is very important, it has the ability to jump-start a business to the next level. The organizations have to think big and act bold. He further added that the best way to scale up the business is to listen to leaders who have successfully scaled up and learn from them, keeping this in mind this panel discussion was organized. Dr. Kang thanked Yes Bank for sponsoring the event.