Report of International Conference
“ Libereralised Economy: Challenges and Prospects”
21st & 22nd November, 2015.
An International Conference on the topic “Liberalized Economy: Challenges and Prospects” was organised by Gokhale Education Society’s Shri. Bhausaheb Vartak College of Arts, Commerce and Science, on the 21st and 22nd of November, in the college Assembly Hall. The conference was attended by 7 countries, 26 Universities and 96 participants spread over 82 colleges, P. G. departments and corporate.
The conference began with the Principal, Dr. (Mrs.) S. V. Sant welcoming and introducing all the invited dignitaries. After this, the Chief Guest Dr. Rakesh Joshi, Chairperson, International Collaborations and Research, Indian Institute of Foreign Trade, Delhi, formally inaugurated the conference. He spoke on “India’s Economic Liberalization: Opportunities and Challenges”. He discussed various aspects of globalization such as Walmartization, McDonaldization and Coca-colanization. The activities of INNAR, (Publishing Partner of the conference) was highlighted by its Chairperson Dr. Anwar Shaikh. The Guest- of- Honour, Dr. R. J. Gujarathi, Vice-Chairman of Gokhale Education Society, presented his views on the impact of globalization on the Indian Economy with special reference to automobile, pharmaceutical, electronics and synthetic industries. The proceedings of the conference was released at the hands of the Chief Guest Dr. Rakesh Joshi.
In his Presidential Address, Principal S. B. Pandit, emphasized the need to view the process of liberalization from various angles. He stated that we are no more living in a national economy but a global economy. The Key -Note Address was delivered by Shri Firoze Khan, Managing Director, Elite Edge Marketing Management, Dubai, U.A.E. He gave us an insight into the conditions pertaining to FDI in the Indian Retail sector. Vice-Principal Dr. N.B. Acharya, who was the co-ordinator for this session, then proposed the Vote of Thanks. The inaugural session concluded with a beautiful rendition of ‘pasaydaan’, from the Gyaneshwari, by Smt. Jyoti Mukane.
First Technical Session : ‘Liberalized Economy- Challenges.’
The theme of the First Technical Session was ‘Liberalized Economy- Challenges’. The Chairperson of the session was Mr. Mahendra Padhi, Managing Director, Kiyana,Mumbai. The Resource Person for this session, Mr. Sotaro Ueda, Manager, FTB Communication Pvt. Ltd. Japan,shared his experience of the diversity of culture and languages in India. He stated that India has much more potential to make the economy grow. A delegate of Nigeria Ms. Precious Mande spoke about Nigeria’s economic reform programme called National Economic Empowerment Development Strategy (NEEDS). The session was co-ordinated by Prof. M. R. Dave and the Vote of Thanks was delivered by Prof. Mrs Prachi Kadam.
Second Technical Session: ‘Liberalised Economy- Future Prospects’
The Second Technical Session had ‘Liberalised Economy- Future Prospects’ as its theme. This session was chaired by Dr. Rajivkumar Bhatt and Dr. Foueti Motuhi Fonua and Mr. Ravi Marathe were the Resource Persons for the session. Dr. Foueti, Founder Chancellor, Commonwealth Vocational University, Kingdom of Tongo, South Pacific, highlighted the challenges of a liberal economy. Mr. Ravi Marathe, Executive Director, Bank of India, Mumbai, focused on how banking sector is suffering from acute problems of asset quality. Dr. R.K.Bhatt from B.H.U, Banaras, U.P. was of the opinion that liberalisation and privatization are the means and globalization is the ultimate end. The co-ordinator of the session was Ms. Rupal Sheth. The session ended with a Vote of Thanks by Prof. M.R.Dave.
Paper Presentation Sessions
In the Two Paper Presentation Sessions in all 17 participants presented their papers on the themes of Economics, Commerce and Social Sciences. The Chairpersons for the two sessions were Dr. Hema Mishra, Assistant Professor of Shri Cloth Market Girls’ College, Indore and Dr. Suresh Patel Sambhal University, Odisha, respectively. The sessions were co-ordinated by Prof. Virashree Bhoir and Prof. Kalpana Gawde, respectively, who also proposed the Vote of Thanks.
Principal S. B. Pandit was the Chief Guest of the Valedictory Function. In his valedictory address, he emphasized that international co-operation is an important aspect of globalization; the whole world is becoming a global village. He also stated that we are not a national economy anymore, but a consumer economy. Then Ms Prajakta Jadhav read out the report of the two-days conference. This session was co-ordinated by Prof. P. K. Mishra. The Vote of Thanks was proposed by Vice-principal Dr N. B. Acharya.