27th CITIC CLSA India Forum
18 - 20 November (Monday - Wednesday)
Trident Nariman Point Mumbai
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Global outlook and the case for India versus China
Chief equity strategist Alexander Redman will chart a journey through the merits of emerging versus developed markets, using his favourite graphics for calling equity market strategies. Each example will present an actionable takeaway, typically related to a price, earnings or revenue outlook. Next, Alexander will explore relative investment cases for Indian and Chinese equities following the US election results and China’s ongoing stimulus measures.
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Speaker
Alexander Redman
Chief Equity Strategist
CLSA - Singapore
Alexander Redman joined CLSA as chief equity strategist in August 2021. His 25 years of sell-side industry experience includes 19 years at Credit Suisse London, where he headed the global emerging market strategy team since 2013. Prior to that, he had run the bank’s emerging EMEA strategy product since 2006. Alex was an author for the Credit Suisse Research Institute in-house think tank, with his publications being referenced by the World Economic Forum. Before Credit Suisse, Alex had held emerging market equity strategy and quantitative analyst research roles at Donaldson, Lufkin & Jenrette and Robert Fleming in London, as well as Jardine Fleming Hong Kong from 1995 through 1998. Alex holds a bachelor’s degree of engineering in aeronautical and aerospace engineering from Loughborough University, and is a licenced general aviation pilot with over 200 hours of experience on single engine aircraft.
India SUVs undergoing transition
India SUVs are speeding past the overall autos market, indicating consumers' changing tastes and preferences regarding affordability. As the focus shifts from mileage to design, Rajesh Jejurikar will discuss the key mantras for success in the segment. In addition, he will explore how EVs are poised to overtake diesel as the dominant powertrain, as well as what this transition would look like in terms of supply chain management, pricing and innovation without hurting profitability.
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Speaker
Rajesh Jejurikar
Executive Director & CEO (Auto and Farm Sector)
Mahindra & Mahindra Ltd.
Rajesh Jejurikar has served as Mahindra's executive director and CEO of its auto and farm sector since 2020. After joining the firm in 2000, he held numerous positions, including president of the farm equipment division and managing director of Mahindra Renault, providing him with a deep understanding of diverse industries such as packaged goods, advertising, media, automotives and more. Jejurikar serves on the SP Jain Institute of Management and Research's governing council and has represented the Tractor Manufacturers Association (TMA) and the Confederation of Indian Industry (CII). He is a prominent figure in the business world, with Autocar naming him Person of the Year in 2023 and AsiaOne Magazine honouring him as Global Indian of the Year 2020-21. He holds an MBA from the SP Jain Institute of Management and Research and has attended programmes at The Wharton School and Manchester Business School.
Future growth prospects of India's IT services industry
India’s US$250bn IT services industry has grown over multiple cycles in the last few decades, including the Year 2000 (Y2K) scare, the Global Financial Crisis, and Covid-19. In our post-pandemic world, remote work has fundamentally changed how services are delivered. Drawing on his experience working in key managerial positions at Cognizant, IBM and Tata Consultancy Services (TCS), Rajesh Nambiar will share insights into these new dynamics, accounting for uncertainty around interest rates, inflation and elections to discuss when clarity might emerge. He will also discuss what the USA's new administration could mean for India’s IT sector, global capability centre (GCC) activity, and the rise of software-as-a-service (SaaS) unicorns.
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Speaker
Rajesh Nambiar
President
Nasscom
Rajesh Nambiar is president of Nasscom and chair of the Cognizant Foundation, as well as a member of the US-India Strategic Partnership Forum's (USISPF's) global board. He holds a master's degree in statistics from the Indian Statistical Institute in Kolkata and is a graduate of Harvard Business School's Advanced Management Program.
Global economic outlook in a post-election landscape
Following the US elections, the incoming President will have a decisive impact on the course of the domestic economy, with far-reaching international implications. Similarly, the extent of policy support rolled out in China will shape not only its own economic outlook, but that of the rest of the world. While India is not insulated from these key global drivers, the nation will forge its own path as it pursues its policy future. At this year's India Forum, chief economist Leif Eskesen will explore the road ahead for these three global heavyweights.
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Speaker
Leif Eskesen
Chief Economist
CLSA - Singapore
Leif Eskesen joined CLSA as chief economist in 2024. Prior to CLSA, he covered global macroeconomic and emerging market strategy at Singapore sovereign wealth fund GIC for 10 years. He was previously the chief economist for south and southeast Asia at HSBC Global Research and senior economist and Mission Chief at the International Monetary Fund in Washington DC. Earlier in his career, Leif worked at the Danish central bank as Head of Section responsible for economics and rates strategy, Jyske Bank as an economist and Aarhus University as a research scholar. Leif holds a Master of Science in economics from Aarhus University, Denmark.
India Stack: Best-in-class digital public infrastructure to create new opportunities across sectors
At our Forum, iSpirt cofounder Sharad Sharma will discuss crucial topics, including the use of biometric identification for targeted welfare measures; India's unique digital payments system; health tech; and digital lockers, all of which can shape the nation's formidable digital advantage. In addition, he will analyse global parallels and share how these factors put India ahead of most other countries, presenting big opportunities in the future.
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Speaker
Sharad Sharma
Co-founder
iSPIRT
Sharad Sharma cofounded iSpirt Foundation, a nonprofit tech thinktank that conceptualised India Stack, Health Stack and other digital public goods; he is also cofounder of Teltier Technologies, a wireless infrastructure startup that is now part of Cisco. Sharma is a member of India's National Startup Advisory Council; SEBI's Financial and Regulatory Technology Committee; and chair of Thinktank20's taskforce on digital public infrastructure (DPI). A Delhi College of Engineering alumnus, his career highlights also include R&D leadership positions at Yahoo, Veritas, Symantec, Lucent and AT&T.
India hospitals: New strategies for growth
The hospital sector's revenue has enjoyed a Cagr of around 12% over the last five years, but is this sustainable in the mid- to long-term? To capture growth, can companies rely solely on favourable demographics and the underpenetration of healthcare, or will they also need innovative strategies such as tapping new cities, rightsizing facilities, entering or scaling ancillary businesses, and cooperating with developers? At this year's India Forum, industry stalwart Abhay Soi will answer these questions and more. Renowned for turning around lossmaking hospitals, Soi has transformed the entire industry's margin and returns, with other players looking to emulate his company's efficiency.
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Speaker
Abhay Soi
Chairman & Managing Director
Max Healthcare
Abhay Soi is chairman and managing director at Max Healthcare Institute, a listed hospital chain in India comprising 23 hospitals, 5,150 beds and over 35,000 employees, where he is credited for transforming the company and expanding its network. Soi drives philanthropic initiatives, providing free treatment to economically disadvantaged patients and organising outpatient camps. He serves as president of Nathealth and has received awards such as Forbes India's Entrepreneur of the Year and EY Entrepreneur of the Year. Drawing on his background in financial restructuring services, Soi is a prominent advocate for private healthcare. He holds an MBA from St Stephen’s College at Delhi University.
Electronics manufacturing in India: A multi-decade opportunity
The government of India is determined to make the country an international electronics manufacturing hub, with mobile output leading the way. Along with several government initiatives like production-linked incentives, shifts in the global supply chain are also playing a crucial role in the process. With five global brands now sourcing from this company, Dixon stands out as a key success story. At IDA24, Vachani will share how India is uniquely positioned to make the most of this opportunity, as well as Dixon’s right-to-win in the segment.
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Speaker
Sunil Vachani
Founder & Chairman
Dixon Technologies (India) Ltd.
Sunil Vachani, chairman at Dixon Technologies, brings over 30 years of expertise in the electronics manufacturing industry. Under him, the firm has emerged as a top electronics manufacturing services (EMS) firm and original design manufacturer (ODM), producing for global brands and exporting to over 15 countries. Vachani’s leadership earned Dixon the honour of “Best Indian EMS” for its design capabilities and cost-effective manufacturing processes. His individual accomplishments are also well-recognised, having won prestigious awards including “Electronics Man of the Year” and Dataquest’s “Aatma Nirbhar Bharat Champion”. Vachani is actively involved in industry bodies and recently took on the role of president at Consumer Electronics & Appliances Manufacturers Association (CEAMA).