‘Inclusive growth required to safeguard trader interest’

With inclusive and sustainable development as key issues, BAIF, Pune and the Institute of Management Technology (IMT), Nagpur on Thursday jointly inaugurated a three-day international conference at BAIF. Of the 150 papers received for the conference, 73 were selected by the board to be presented by participants.

"The government is introducing FDI in retail which will affect a lot of small traders and industries. Hence what we need is inclusive growth so that small traders prosper along with big enterprises," said Dr Rajkumar Phatale, associate professor, IMT.

"This is the first time NGOs are part of this conference," Phatale added.

Pointing out that for any developmental initiative, participation of common people is important, M V Ashok, chief general manager, NABARD, Maharashtra, said, "In many development programmes, the involvement of people a necessary condition for success of programs is lacking." He further said, "NABARD is doing their bit by ensuring integration of inclusive and sustainable development approaches in all their programs aimed at farmers, producers, watershed beneficiaries, tribal communities and self-help groups (SHGs)."

Expressing his views on how to achieve inclusive growth, Kishor Chaukar, former managing director, Tata Group of Companies and BAIF Trustee said, "Achievement of inclusive and sustainable growth within industries will require achieving symbiotic rather than an exploitative relationship among stakeholders. There is also a need for a clear and relevant set of regulations and its enforcement by government to ensure sustainability."

Warning that non-inclusive and unsustainable approaches to development will hit back in the long run, Girish Sohani, president and managing trustee BAIF, said that instead of taking a myopic view of growth, sustainable growth should be the target. "Inclusiveness should not be an afterthought but inbuilt into the growth processes," said Sohani.

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