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City Gas Project Will Benefit Common Man, Says BPCL CMD

At a time when the government is trying to attract inflows and is taking steps to ease regulatory hurdles, S Varadarajan, chairman and managing director of Bharat Petroleum Corporation Ltd (BPCL), on Thursday said that the country needs to take more steps to develop a business-friendly atmosphere, as this is one of the major challenges that India is facing today.

Published: 07th February 2014 10:32 AM  |   Last Updated: 07th February 2014 10:32 AM   |  A+A-

Varadarajan

At a time when the government is trying to attract inflows and is taking steps to ease regulatory hurdles, S Varadarajan, chairman and managing director of Bharat Petroleum Corporation Ltd (BPCL), on Thursday said that the country needs to take more steps to develop a business-friendly atmosphere, as this is one of the major challenges that India is facing today.

According to the World Bank, India’s position has dropped from 131st position in 2013 to 134 in 2014 in the ‘ease of doing business’ factor.

For an entrepreneur to set up a venture, he has to go through 35 procedures for a construction permit alone, he said. He was speaking on the theme ‘Enabling India Inc: Exploring Opportunities’ during the 33rd Annual National Management Convention in Kochi.

“While the GDP of India is expected to increase from $1.8 trillion in 2013 to over $5 million by 2020 and at a time when India is expected to overtake Japan, not everything is rosy in India. This has to change and solutions to overcome these challenges have to be sought,” he said.

He said gas is the fuel of the future since it is environmental friendly as well as sustainable.

“The demand is also very high. BPCL believes that the City Gas project will benefit and reach the common man soon,” he said.

He also highlighted on the potential of the new system of class called the ‘Rurban’ which is a mixture of the rural and urban.

Preetha Redddy, president of All-India Management Association and managing director of Apollo Hospitals Enterprises Ltd, said if non-communicable diseases are not addressed in the health sector, it will be a huge economic burden in the next few years.

“We have to look at it as an opportunity and think of solutions to such problems. The biggest challenge we are currently facing is manpower and training of health care professions.

We need triple number of doctors, double number of nurses and quadruple number of health professionals,” she said.

“The health sector revolves around the ‘iron triangle’ which is accountability, accessibility and affordability. We have to ensure that we use the opportunity to make health care affordable to all, accessible to all.

We should also be personally accountable for our health while at the same time be accountable to the environment,” she said.

K S Jamestin, HR director, Oil and Natural Gas Corporation; K N Shastri, chairman of the Management Leadership Award Committee, and Jibu Paul, KMA secretary, also spoke at the convention.

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