December 13-15, 2012 Mumbai, India.

Event Report

CAAYE Member Organisations

List of Delegation Leaders

Rahul Mirchandani Founder President CAAYE

Katherine Ellis Director, Youth Affairs Commonwealth Secretariat Fatin Arifin Secretary Young Entrepreneurs Association of Brunei

Aminul Islam Khan Regional Diector, A.I. CYP Asia Srikant Suryanarayanan National Vice Chairman, Young Indians Managing Director, Tradelinks Ventures Pvt Ltd

Rajkumar Bidla Programme Officer Commonwealth Secretariat, London Youth Affairs Division


Raj Kumar Mishra Regional Director (Retired) CYP Asia


Navita Mahajan Moderator Leadership Assembly & Founding Member, CAAYE


Sri Lanka

Welcome Reception 12 December 2012

The first day of the leadership assembly, the 12th of December ended with a special welcome reception organised for the Indian and overseas delegates at the residence of Dr Rahul Mirchandani, Founder President of CAAYE. Delegates enjoyed an exclusive Indian tea tasting session, followed by fireworks, mehendi and music. All delegates informally broke the ice and this marked the beginning of a long week together.

Interaction with students on “Leadership in Uncertain Times” 13 December 2012

On 13th December 2012, an opportunity was provided to 75 Yi Student network members to interact with the CAAYE Leadership Assembly and the heads of the country delegations. An interaction on the topic, “Leadership in times of uncertainty” was led by Mr Ejaj Ahmed, Founder, Bangladesh Youth Leadership Centre and head of the delegation to the CAAYE Summit from Bangladesh. Lively discussions followed with the students discussing various opportunities and challenges in times of uncertainly, entrepreneurship and the ways they can work to make a positive change for themselves and the country at large. The session also offered students an opportunity to interact with Ms Katherine Ellis, Director-Youth Affairs, Commonwealth Secretariat, London, Ms Fatin Arifin, leader of the delegation from Brunei and Ms Navita Mahajan, Moderator of the CAAYE Leadership Assembly from India.

Breakfast Meeting with Dr Huzaifa Khorakiwala, Trustee and CEO, Wockhardt Foundation 14 December 2012
An interactive breakfast meeting was held for the Leadership Assembly and select Yi Mumbai Chapter members on 14 December 2012. Dr Huzaifa Khorakiwala, Trustee & CEO, Wockhardt Foundation, spoke on the various aspects of 'Social Business' and recommended ways in which organisations can strategically utilize the 2% of profits that has been mandated for allocation to Corporate Social Responsibility.. He also added that there should be an extraordinary urge for doing social businesses where the objective in addition to making fair profits was to solve a social problem. He quoted examples of Grameen Bank by citing case examples of Dr Muhammad Yunus, banker, economist and a Nobel Peace Prize recipient. The session also included a presentation about Young Indians and its extensive activities across India by Dr Rahul Mirchandani, Past National Chairman-Yi. Around 40 Yi members and the CAAYE Leadership Assembly attended this session.

SEEING EXCELLENCE IN ACTION IN INDIA'S FINANCIAL CAPITAL Field Visits across various sectors in Mumbai 13-14 December 2012: Mumbai
A unique feature of the CAAYE Summit, were the field visits organised for the delegation members. The objective of this 'ACTION LEARNING” was to witness global best practices of Indian companies in action. The delegations were split into different groups based on their interest and each group visited companies in specific sectors. Blue Dart Express Limited (Logistics) 13 December (Morning): Group One / First visit

Blue Dart is South Asia's premier courier and integrated express package distribution company. It has the most extensive domestic network covering over 33,734 locations and service more than 220 countries and territories worldwide through its group company DHL, the premier global brand name in express distribution services. Around 35 delegates from Indian and Malaysia visited Blue Dart Head Office in Andheri and it was a great learning experience. Mr Subrato Roy, Senior Manager (Marketing) shared with them about the history of the company and its operations worldwide. He also talked about the time when company was going through a tough time and initiatives they had taken to take it once again to the pinnacle of success.

Mahindra and Mahindra Ltd (Manufacturing Agricultural Equipment) 13 December (Afternoon): Group One / Second visit

Mahindra & Mahindra Limited (M&M) is an Indian multinational automaker and is one of the largest automobile manufacturers by production in India and a subsidiary of Mahindra Group conglomerate. It is ranked #21 in the list of top companies of India in Fortune India 500 in 2011. Today, M&M is the leader in the utility vehicle segment in India with its flagship UV Scorpio and enjoys a growing global market presence in both the automotive and tractor businesses. It has entered into the two-wheeler segment by taking over Kinetic Motors in India. Mr Rajwinder Sawant, Senior Manager (Business Excellence) and Mr Shirish Tawde, Department Head (Business Excellence) gave a presentation about the vision and mission of the organisation. The delegates were given the opportunity to visit the plant of the Farm Division in Kandivali East where they witnessed the manufacturing of various parts of agricultural tractors. 35 delegates from India and Malaysia were part of this group. Multi Commodity Exchange of India Ltd (Financial Services) 13 December 2012 (Morning): Group Two / First Visit Headquartered in Mumbai, Multi Commodity Exchange of India Ltd (MCX) is a state-of-the-art electronic commodity futures exchange. The demutualised Exchange has permanent recognition from the Government of India to facilitate online trading and clearing and settlement operations for commodity futures across the country. Having started operations in November 2003, today, MCX holds a market share of over 85% of the Indian commodity futures market. The Exchange has more than 2,170 registered members operating through over 3,46,000 including CTCL trading terminals spread over 1,577 cities and towns across India. MCX was the third largest commodity futures exchange in the world, in terms of the number of contracts traded in CY2011 MCX offers more than 40 commodities across various segments such as bullion, ferrous and non-ferrous metals, energy, and a number of agri-commodities on its platform.

30 delegates from India, Bangladesh, Brunei and Malaysia visited MCX in Andheri (Mumbai). Mr U Venkataraman, CEO Currency Derivatives Segment and Whole Time Director at MCX Stock Exchange, shared his views about the origin of MCX and its future plans. Delegates were also taken to view the operation centre and see the overall working of the commodity exchange. All delegated marvelled at the start of the art facility and provided a unique opportunity to see the trading floor of one of the best such organisations in the world. Aptech Computer Education (Infotech & Education Services) 13 December 2012 (Afternoon): Group Two / Second Visit

Aptech commenced its education and training business in 1986 and has globally trained over 6.4 million students. Aptech is an ISO 9001:2000 organization and the first IT Training and Education company to get this certification for Education Support Services in 1993. Aptech has presence in more than 40+ emerging countries through its two main streams of businesses – Individual training and Enterprise Business. As a leader in career education, it has over 1305 centres of learning across the world. Aptech is associated with "Project Saraswati" for IT Literacy and "Project Srishti" for Multimedia Training. Mr Rajiv Kumar, Deputy Vice President at Aptech Ltd talked about the company's commencement in 1986 and since then, how Aptech has changed the lives of over 5 million students which were trained by them. He also shared with the delegates that it was a proud moment when Aptech Ltd. in 1993 became the first IT training organisation in Asia. He also shared with the delegates the number of awards Aptech won since its inception and their vision to make a change to the country and the world through information technology which has and will become an integral part of all our lives.

The Mumbai Dabbawallahs (Logistics) 13 December 2012 (Morning): Group Three / First Visit

Of the many things that come to one's mind when one thinks of Mumbai, surely there are the Dabbawallahs; a word with the closest meaning of “lunch box delivery man”. Established in the year 1890 and as a charitable trust in 1956, it moves around 2,00,000 boxes every day (4,00,000 transactions each day including return) by an estimated 5000 dabbawallahs, all with an extremely small nominal fee and utmost punctuality. The average literacy level of a dabbawallah is 8th standard. According to a recent survey, their error rate is 1 in 16 million transactions which equals to a six sigma performance as declared by the Forbes Magazine in 2002. The Mumbai Dabbawallahs have been certified by “The Joint Accreditation system of Australia and New Zealand by ISO 9001: 2000.

30 delegates from India, Pakistan, Singapore and Sri Lanka visited the Mumbai Dabbawalahs on 13th December 2012 at Vidyalankar Institute of Technology, Wadala (Mumbai). Dr Amit Rangnekar, Phd from NMIMS (Mumbai) shared a presentation with the delegates on the origin, history and overall functioning of Dabbawala and how they function in Mumbaievery day. Delegates were also taken to see the live simulation of Dabbawala working at Lower Parel Railway Station in Mumbai. A senior representative from the Dabbawallas thrilled the audience with his candid and humble talk and demeanour. Several media interactions took place during this most enjoyable and informative visit.

1298 Ambulance Services (Healthcare – Emergency Services) 13 December 2012 (Afternoon): Group Three / Second Visit: It is the terms like 'The Golden Hour' and the 'Platinum Ten Minutes' that imply the importance of Emergency Medical Services (EMS) all over the world. It is a well-accepted fact that a patient who receives basic care from trained professionals and is transported to the nearest healthcare facility within 15-20 minutes of an emergency has the greatest chance of survival. This acute need of providing Emergency Medical Service motivated 5 founders to start Dial '1298' for Ambulance.

Currently Dial '1298' for Ambulance operates in Mumbai, Bihar, Punjab, Rajasthan and Kerala. Dial '1298' for Ambulance is a part of Ziqitza Health Care Limited which was started by 5 young professionals in 2005, who after their education / training and professional employment / entrepreneurial projects in India, realized the acute need for organized and networked Ambulance service in India for saving lives which may otherwise have been lost ONLY for want of timely medical attention. Ms Priyanka Bose, Head – Marketing & Quality, Ziqitza Health Care Limited shared with the delegates about the origin and the vision behind opening the 1298 Ambulance Services. She also shared with the delegates about their major contribution in saving the victims of 26/11 terror attack that shocked the whole of Mumbai. Reliance Media Works Limited (Infotainment) 14 December 2012 (Morning): Group One

Reliance Media Works Ltd is a film and entertainment services company based in Mumbai. It is part of the Reliance ADA group and its international presence with the opening of a dedicated film and media services facility in London that offers front-end, processing, restoration, 2D to 3D conversion and post-production services to broadcasters and studios has been achieved. The company's Lowry Digital, Burbank, California facility has performed image and detail enhancements, vertical and horizontal alignments issues and 911 emergency fixes for 3D versions of films like Avatar, Journey to the Center of the Earth, U2, X Games 3D: The Movie and Step Up 3D. Around 25 delegates from Bangladesh, Brunei, India, Pakistan, and Sri Lanka visited the organisation. Mr Naresh Jhangiani, President enlightened the delegates about the kind of services provided by the company to its broadcasters and various studios. Delegates were also taken for a short visit to its various departments like Color Processing Room, Analyzer room, Theater Room etc and were fortunate to see the live ad shooting at the time of their visit.

Micro Entrepreneurs at Dharavi Slums 14 December 2012 (Morning): Group One

Dharavi is a slum and administrative ward, over parts of Sion, Bandra, Kurla and Kalina suburbs of Mumbai, India. It is sandwiched between Mahim in the west and Sion in the east and spread over an area of 175 hectares. In 1986, the population was estimated at 530,225, but modern Dharavi has a population of between 600,000 and over 1 million people. Dharavi is one of the largest slums in the world. In most large cities, the floor space index (FSI) varies from 5 to 15 in the Central Business District (CBD) to about 0.5, or below, in the suburbs. In Mumbai, the permitted FSI is uniform and in 1991 was fixed at 1.33. The regulations that restrict the FSI greatly reduce the floor space available for residence and business. In expensive Mumbai, Dharavi provides a cheap alternative where rents were as low as US$4 per month in 2006. Dharavi exports goods around the world.

Mr R Krishna, Founder of a NGO named Reality Gives in Dharavi facilitated the visit of the delegation that had visitors from India- and Malaysia. He spoke about the origin of Dharavi, and how this slum area became the largest business hub in the last few years. He also introduced the delegates to a few successful businessman in the recycling, leather goods and manufacturing sectors based in Dharavi which whom the visitors interacted with.

Street Food Festival 14 December 2012

After the various field visits, the delegations had a unique experience of a street food festival in Mumbai at the Mumbai University's sprawling Kalina Campus. The objective of this festival was to expose delegations to the street food culture in Mumbai and the delectable dishes and extraordinary variety of authentic street food prepared by high quality vendors.

The student volunteers also broke into an impromptu 'Flash Mob' dance routine, much to the thrill of the delegates present, many of whom joined the revelry.

Commonwealth Asia Alliance of Young Entrepreneurs Summit on 'Building a Better Youth Entrepreneurship Ecosystem' 14 – 15 December 2012, Mumbai: Day 1
The inaugural session at the award winning heritage Convocation Hall, Mumbai University Fort Campus

Dr Rahul Mirchandani, Founder President, Commonwealth-Asia Alliance of Young Entrepreneurs & Past National Chairman, Young Indians welcomed the delegates to India and Mumbai for the first edition of the CAAYE Summit and outlined the theme of the Summit. In line with Indian tradition, , the leaders of each delegation to the CAAYE Summit and one representative per Yi chapter was invited to the light the lamp, following which some student volunteers were invited too. All the leaders of the various delegations received thunderous applause from the audience and cheers from their respective delegations. Ms Katherine Ellis, Director-Youth Affairs, Commonwealth Secretariat London addressed the audience saying that entrepreneurship is driven by innovative young entrepreneurs to create growth and social inclusion and each one of us is the beacon of hope. “Young entrepreneurs help in nation building and take the nations to the next level.” she said and encouraged everyone to get inspired by the ideas they share with their peers during their time together in Mumbai and thereafter. Ms Nita Chowdhury, Secretary, Ministry of Youth Affairs and Sports, Government of India addressed the gathering and said that she was thrilled to be at the summit and congratulated CAAYE for creating history. She said that she felt proud to be part of the wonderful occasion and was glad to stand in one of the oldest and most historical Mumbai University convocation hall. She referred to Commonwealth as a commonwealth of ideas and a commonwealth to generate ideas. During the course of her speech, she coined the impromptu slogan – 'Hail Entrepreneur'. She addressed the audience saying that we all need to respect the member nations and work towards a common goal of reviving the opportunities for our countrymen and make the world recognize the young entrepreneurs. She encouraged CAAYE to come up with its own unique slogan which would serve as a unique identity for Asian young entrepreneurs. The signature salutation of Salaam Namaste was an example.. A video message from Mr Kamalesh Sharma, Secretary General of the Commonwealth was played. He congratulated everyone who was a part of such an amazing event where the young and enthusiastic entrepreneurs were willingly ready to shake hands with the fellow entrepreneurs from other nations. He also added that young entrepreneurs were the hope for any country's growth and that if all young brains came together, then no country would face the problems of unemployment as these young minds would generate ample number of job opportunities for their countrymen.

Mr R Gopalakrishnan, Director, Tata Sons Ltd, the Chief Guest for the inaugural session began his speech in a humorous way pointing out that “I am not here to bore you all but infact I am here to entertain you all.” His talk, titled as “Innovation Culture: Myths, Realities, Ideas” continued by detailing how innovation was the flipside of entrepreneurship. His presentation dwelled on the 5 myths in business that people assume to be true and challenged them in his presentation by providing arguments for each that engrossed the audience for 45 minutes. According to him, these 5 myths in business were; It is essential to be first in the market; R&D is measure of innovation; Innovation is more difficult in services; Innovation is about big bets & Process matters more than culture. “In Tata companies, the culture is as important as the process” After an inspiring and motivating speech from Mr Gopalakrishnan, Mr Narayan Jaisingh, Chair, Yi (Mumbai Chapter) gave the closing remarks. All delegations then assembled for a group pictures alongside the heritage hall and thereafter, enjoyed releasing sky lanterns into the sky in the Cross Maidan opposite the University Clock Tower.

Sky Lanterns being released into Mumbai’s Night Sky at the historic Cross Maidan opposite the Mumbai University Fort Campus Clock Tower

Commonwealth Asia Alliance of Young Entrepreneurs Summit on 'Building a Better Youth Entrepreneurship Ecosystem' 14 – 15 December 2012, Mumbai: Day 2 Panel Discussion on “Building an Entrepreneur Ecosystem”
Access to Finance, Infrastructure, Regulations & Taxes

Dr Rahul Mirchandani welcomed the delegates for the second day of the summit. He and Dr Navita Mahajan, Moderator of the Leadership Assembly of CAAYE and National Chair of Next Practices in Young Indians introduced the panellists for the panel discussion on “Building an Entrepreneur Eco-system with focus on Access to Finance, Infrastructure and Regulations & Taxation. Dr Naushad Forbes, Chairman, CII Sustainability & Climate Change; Director, Forbes Marshall Pvt Ltd who moderated the panel discussion shared how there was a passion in India for certain kinds of businesses. According to him, family businesses were open to discussing ideas that cover a wide range of industries and he advised young entrepreneurs to find the right kind of venture capitalist and also be open to try out something new. Dr Forbes also encouraged youth to consider joining their family businesses with pride and also look upon the family as the 'in-house venture capitalists' for start-ups. Mr Ashishkumar Chauhan, Managing Director & Chief Executive Officer, Bombay Stock Exchange began saying one always finds some entrepreneurial

activity in every Mumbaikar's heart. Some of the delegates who had visited microenterprises in Dharavi the previous day agreed with Mr Chauhan on this. He said that 50% of India's population was below 25 years of age and that there was no better way to create entrepreneurs than to make role models out of successful entrepreneurs. He stressed on the point that it is not about how much money you have, but it is about how you use it! Mr Tushar K Jani, Chairman, SCA Group of companies mentioned how creating an entrepreneurial eco system starts with celebrating and nurturing the entrepreneurship spirit. He gave a few lessons from his personal experiences about how failure in business was a must to learn and take your business to the next level. He also spoke about how risk was an integral part of doing business, further requesting banks to give loans to young entrepreneurs who don't have collaterals. He mentioned how it is difficult for a young entrepreneur to offer collateral when he is just setting up a business.

Ms Devita Saraf mentioned that empowering women will play an important role in improving the entrepreneurial ecosystem. Another key factor was the need to change the mind set of failure as a stigma. According to her, young people who cruise successfully through school are often completely overwhelmed by their first failure when they start work. She narrated her personal experience in a technology driven business and mentioned how, even if one had the best product, it would not sell if marketing wasn't done well. According to her, a person who fails and learns to get back to entrepreneurship are true entrepreneurs. She also said that she felt happy that she ran a successful family business and ended by saying that she would prefer her father shouting at her rather than any other boss.

Mr Alex Mitchell, Director, Young Brits Network shared his experience as a founding member of the G20 Young Entrepreneur Alliance. He mentioned that the challenges for India are different from those of European countries. “The world is getting smaller. Think globally no matter where you are based” he said and shared some valuable insights for an entrepreneur to network efficiently. He said one must never be afraid to employ people better than themselves. Regarding access to finance, he advised to look at 3 F's – Friends, Family and Fools. He also cautioned that it is not the government's responsibility to create jobs, but it is the responsibility of the entrepreneurs.

Panel Discussion on “Education and Skills Development”
Entrepreneurship as a Career: Education as a Business Opportunity

The second panel discussion on “Education and Skills development” with focus on Entrepreneurship as a Career and Education as a Business Opportunity was moderated by Mr R Mukundan, Deputy Chairman, CII (WR) & Managing Director, Tata Chemicals Ltd. He began by mentioning how education institutes in the recent past have focused more on money and less on standards. During the course of the discussions, he also suggested a book – 'The Industrial Revolution' by Jeremy Rifkin as a recommendation for all to read. Mr Ejaj Ahmed, Leader, Bangladesh Delegation to the CAAYE Summit and Founder, Bangladesh Youth Development Centre and Mr Krishantha Wisenthige Leader, Sri Lanka delegation to CAAYE Summit & Head – Membership, Projects and Services, FCCISL introduced the panellists. Mr Sathish Jha, Founder Chairman, One Laptop Per Child Foundation began by asking why 94% of India's

population did not have the right capabilities, skills or thinking to be where they can potentially be. He stressed on how nurturing creativity is the first job of a nation The One laptop per child initiative was started primarily because of a lack of IT infrastructure. However, it was possible to help a child by helping him learn in the best possible way. He said that India had its advantages in terms of demographics; however warned that these demographic dividends will be meaningful only if our people have the capacity to think ahead of their times. According to Mr Jha, those who were setting the agenda for the world were always thinking 30-40 years ahead. To strengthen his argument, he quoted the example of the Indian cell phone revolution which the Indian telecom department had thought would take 50 years. “The government should plan for 20 years just like how parents do for their children” he said.

Mr Maheshwar Sahu, Principal Secretary, Industries & Mines, Government of Gujarat began by access to formal education. He gave details about the skilling process through the informal sector which was a way to create many micro-entrepreneurs. He added that this process had got investment intentions from 7000 to 8000 small and medium scale enterprises in Gujarat in last one year alone and stressed that access to education will be a big issue going forward. He praised Gujarat state for its management of employment and increasing the size of the manufacturing industry. According to him, the top most priority should be given to infrastructure development as it is necessary to sustain the growth of not just Gujarat but across India. Mr Nilesh Vani, Chief Strategy Officer, Aptech Ltd remarked how people in the education sector make a lot more money than the people in Indian telecom sector. According to him, there are ample opportunities to make profit around education. He said that it was viewed as politically inconvenient to make money in the formal education sector, but with the rate of growth of the sector, there is a huge scope for building sustainable and profitable educational institutions.

Ms Khadija Mushtaq, Executive Director & CEO, Roots School System, Pakistan spoke about the need to include entrepreneurship as a subject in the academic curriculum. She pointed out how academics stress more on theory and less on practical knowledge. According to her, there was a need to carefully expose children to risk from a very early age. She explained how it is vital to adapt education and to equip kids for the global skills race. “These skills can be categorised into tangible and intangible skills and both are equally necessary for success” she said. Mr Shankar Vanavarayar, President, NIA Educational Institutions said that he got into the education sector not only because it was exciting and full of young people, but precisely because a lot of change was happening in the post Google, post youtube world and young people wanted to learn what they want rather than what the society preaches them. “One size doesn't fit all in education” he said and went on to elaborate on the challenges in education like creativity, innovation and the constant need for change. Mr Vanavarayar said there existed a skills gap and to fill it, teaching in old ways had to stop and learning has to become experiential.

Mr Sandeep Aneja, Managing Director, Kaizen Management Advisors Private Limited brought in a different perspective since they were India's only private equity fund in the educational field. He stressed on how India's education system sometimes doesn't focus on aspiration, but on aptitude. He focused on the 3 pillars of society that lead to skills development and the challenges involved. According to Mr Aneja, the most common skills one needed were life skills, self-realisation and aspiration. These are the 3 pillars had become critical. He also mentioned some challenges include socio economic, cultural challenges, short term growth vs. long term opportunities etc.

Profile of Delegates

Delegates Composition

Panel Discussion on “Breaking Trade Barriers”
Trading Blocs, Reform in import policies & shift from protecting ‘producers’ to benefitting consumers

The next panel discussion was focused on Breaking Trade Barriers with a focus on Trading Blocs, Reform in import policies & shift from protecting 'producers' to benefiting consumers. The introduction of speakers was done by Mr Shaban Khalid, Leader, Pakistan delegation to the CAAYE Summit & Director, Ittehad Steel Industries and by Mr Mahmood Elahi, Member of the Pakistan delegation to the CAAYE Summit & Director, Taxila Cotton Mills and was moderated by Mr T S Vishwanath, Principal Adviser, APJ-SLG Law Offices. Mr Vishwanath felt this was a very engaging topic considering what is going on around the world in terms of trade and investment. He spoke about how, in the last 5–10 years, globalisation has even touched countries which had never attempted to get actively globalised. In his opinion, what really drove trade was business to business contacts and that there was a need to look at creating a platform that will bridge the trade gap.

He also stressed on the need to create global value chains which would help medium and small enterprises. Mr Luca Donelli, Executive – Euros S.r.I & G20 YEA Sherpa of Italian Delegation of Confindustria Y.E made an observation regarding Unity in Diversity in India He greeted the audience in Italian and said he was at the summit to share his experience as a European entrepreneur. He mentioned the one challenge was to give up a little bit of sovereignty as a trade-off and as an example, pointed out the need for a fully integrated fiscal and economic policy. “One way of breaking trade barriers is meeting new people, being genuinely interested in what they do and then creatively exploit these networks you make”. He said that three things that help better networks were breaking barriers by creating appropriate platforms not being afraid of asking for help and leveraging social media.

Ms Hafimi Abdul Haadii, Director - LVK Group of Companies; ABAC Member - Brunei Darussalam said that the objective of entrepreneurship in Brunei was to create a leadership base from a very early age. “By introducing entrepreneurship at a young age, we start to nurture our next captains of industry.” She went on to explain how in terms of trade barriers, Brunei was a very open market. She stressed on the need to further open markets as Brunei was a small country. She reflected how the benefits which she got by providing feedback to her government and encouraging them to reduce trade barriers not just helped entrepreneurs like her but also the next generation. Mr Syed Ishtiaq Alam, Director, Ananta Group, Bangladesh said that one should focus on current and relevant issues. The more famous branded products of Bangladesh are The Grameen Bank and The BRAC bank. He stressed on the need for easier availability of visa, work permits etc. However, the biggest challenges are not political or geographical but were the challenge to create a positive mindset. He felt that if there were no trade barriers as there were today, the world trade would increase instantaneously.

Mr Paulius Kuncinas, Regional Editor – Asia, Oxford Business Group began by quoting the 'Asian Paradox'; that the 21st century was going to be “Asia centric” in terms demand, growth and prosperity. However, according to him, Asia was an underperformer in regional trade. He pointed out that one of the reasons for this was because of too much focus on protecting the producer and not the consumer. “Asian trade was pretty much moving east to west, but there is not much integration between the north and south”. He felt that this was one big lost opportunity and hoped that the countries can work to get around this bottleneck. According to him, Asia was hard to compete with.

Panel Discussion on “Funding Young Entrepreneurs”

The fourth panel of the summit focused on Funding Young Entrepreneurs. The panellists were introduced by Mr Muzamir Mustafa, Leader of PUGM Malaysian Delegation to CAAYE & President, PUGM and by Ms Nurul Huda Afandi, Leader of JCI Malaysian Delegation to CAAYE Summit & Executive VP, JCI Petaling Jaya and moderated by Mr Sanjay Singh, Director of Corporate Finance, KPMG India (P) Ltd. This panel discussion included two bankers, one venture capitalist and one entrepreneur. Mr Syed Mahbubur Rahman, Managing Director & CEO, BRAC Bank, Bangladesh explained the successful role that BRAC bank had played and continues to play in Bangladesh. He spoke about the various challenges faced in Bangladesh by the government as well as the entrepreneurs; some of them being creation of employment and access to finance. He defended the banker's community when Mr Chua narrated his story and said how banks exist to frustrate entrepreneurs.

He argued that young entrepreneurs' good intentions and strong commitment are forms of collateral while taking loans. Mr Damien Chua, Owner, JD Resources shared his personal experience of how he started his minerals trading company and how he had to face many hurdles with banks. He was outspoken when it came to banks and funding and spoke from his heart. The audience loved the way in which Mr Chua narrated how he built a US $300 million from scratch. He said that the relationship between the bank and him is a love hate relationship. He advised the audience not to get frustrated while dealing with a bank. For young entrepreneurs, he encouraged them to learn everything from costing and taxation to logistics and marketing, saying that these skills would always come in handy when doing business. He asked the audience to take every opportunity to learn and more importantly, keep their feet on the ground.

Mr Ramesh Dharmaji, Chief General Manager, Small Industries Development Bank of India responded to Mr Chua's speech by saying that bankers have certain constraints with regard to giving loans. While seeking loans, he urged entrepreneurs to make a high quality proposal so that the possibilities of getting the loan sanctioned are bright and better. He believed that there was a gap between one who wants to fund and the ones who need funding. He added that bankers need to dance without stepping on each other's shoes. While responding to a question by Mr Samar Singh (Are banks actually looking to encourage entrepreneurs?), Mr Dharmaji responded that banks do consider SMEs as a good investment, and said that they were always keen to support and encourage entrepreneurship within the permissible guidelines.

Mr Sasha Mirchandani, Founder, Mumbai Angels and Kae Capital shared his story about how he became a venture capitalist by learning to take risks. He said that it was important to know the intentions of investors and understand why they would agree to fund any business. In the recent past, he said that he noticed investors ask for far too many rights in the business making it difficult for the entrepreneur to operate. Mr Mirchandani said that this was a business reality because the current investor wants to secure his position and rights against the next round of funding. He advised the audience to be ready to accept no as an answer. He narrated the story of his uncle who had to face no as an answer 89 times before the bank finally accepted his proposal. He also mentioned that he responds to every message on LinkedIn. He invited anyone with a concrete business plan to visit his office.

Panel Discussion on “Doing Business in India”

The last panel discussion of the summit focused on “Doing Business in India” and was moderated by Ms Bhairavi Jani, Director, SCA Group of Companies & Past National Chairman, Young Indians. The panel focussed on investment policies, infrastructure projects and the reasons to invest in India. She also engaged in a discussion with Mr Zubin Kabraji regarding the reasons for foreign companies to take interest in doing business in Pune. Ms Fatin Arifin, Leader of Brunei delegation to CAAYE Summit & Secretary, Young Entrepreneurs Association of Brunei introduced the panellists of this panel discussion. Mr Zubin Kabraji, Regional Director, Pune Indo German Chamber of Commerce talked about the thin

line between facilitating business and lobbying by explaining how any organisation needs information to make the right decisions, especially in terms of large scale investments. He stressed on the need to have a comprehensive national policy for promoting entrepreneurs and according to him, the start-up villages were the need of the hour and the onus was on the state governments. Mr Paresh Parekh, Tax Partner, Ernst & Young spoke about policy paralysis being a big hindrance to the entrepreneurship development “India has become a hub with dedicated resources” According to him, India was a good bet for investment but argued that one needs to be a big player to be able to negotiate with the government. He asked delegates to treat India not just as a country, but as a continent.

Mr Maheshwar Rao, Commissioner of Industries, Government of Karnataka discussed the reasons why India was an attractive market for doing business. “Size of market, huge possibility of growth and good quality products were the reasons to invest in India” he said. He was questioned whether it was right to build infrastructure first or go out and get investment which will then fund the infrastructure. To this, he responded by saying that it is feasible if a couple of industries come together and create the infrastructure which also gives rise to employment. He explained that Karnataka was following a capital based model with the help of the National Manufacturing Policy launched by the Government of India.

Mr Shaffi Matther, Economic Advisor to the Chief Minister, Government of Kerala spoke about the political aspects of balancing state level and centre level priorities while making sure that economic growth is sustained. He felt that the stand taken by the Government on FDI was a game changer. “It is a major change in how the politics of our country works with regard to the proposal to allow individual states to respectively decide on FDI” he said. Answering a query on the labour situation, he stated that historically Kerala has had labour issues. However he assured that the situation has changed off late. He made a pitch for investments into Kerala by highlighting the advantages of best law and order, best governance and the best social indicators like health and education in the state.

The Official Communique of the Commonwealth Asia Alliance of Young Entrepreneurs
Signed in Mumbai, India at the CAAYE Summit on this fifteenth day of December, 2012

After the panel discussions, the delegations were appraised about the contents of the “Official Communique of Commonwealth Asia Alliance of Young Entrepreneurs”. This was a document finalised by incorporating voices of the delegations and young entrepreneurs of member countries with regard to improving access to finance for young entrepreneurs (Full text appears in Annexure 1). The communiqué was signed by the leader of each country's delegation in a formal ceremony. The signed communiqué was formally handed over to Ms Katherine Ellis, Director and Head, Youth Affairs- Commonwealth Secretariat London who promised to ensure that this landmark and historic document would be sent to the Ministries and officials of the member governments. She also stated that the upcoming Ministerial meetings of the Commonwealth Youth Ministers in Papua New Guinea would also provide CAAYE to present the communiqué to the Heads of government in attendance. The Summit concluded with the CAAYE flag being handed over by India to Pakistan, which will host the next CAAYE Interim Meetings and Leadership Assembly in June 2013. Mr Srikanth Suryanarayan, National Vice Chairman, Young Indians and Managing Director, Tradelinks Ventures P Ltd concluded the summit by giving the closing remarks. After summarising some key learnings and takeaways from all the deliberations, he thanked all delegates present, Ms Katherine Ellis and Mr Aminul Khan of the Commonwealth Secretariat, Dr Rahul Mirchandani, the Yi secretariat and the student volunteers for putting up a world class Summit. The Delegates were then treated to some great violin music by a group of 9 to 12 year old special children from Hyderabad on the theme “Colours of India”. 35 children presented an amazing symphony much to the delight of all present.

Presenting the official communique to Ms Uphekkha Samaratunga, Consul General, Consulate of Sri Lanka in Mumbai

Handing over of the CAAYE flag to Pakistan who will host the CAAYE Interim Meetings and Leadership Assembly in June 2013

COLOURS OF INDIA; A spectacular violin performance by 8 - 12 years old children of the Aarabhi School of Music from Hyderabad

The Second Meeting of the CAAYE Leadership Assembly 12 - 14 December 2012: Mumbai

The Leaders of the Delegations representing Eight Nations with One Ambition of The Commonwealth Asia Alliance of Young Entrepreneurs (CAAYE) had their 2nd Leadership Assembly Meeting from 12 to 14 December 2012 at the World Trade Centre, Mumbai on the sidelines of the historic CAAYE Summit themed around 'Building a Better Youth Entrepreneurship Ecosystem'. The meetings lasted for 3 days and concluded with the finalization of a communiqué with the consensus of country representatives present. The leaders of the delegations from India, Bangladesh, Brunei, Malaysia, Pakistan, Singapore & Sri Lanka were present with Nepal invited as an observer nation. Discussions focussed on joint opportunities with the Commonwealth Youth Programme and CAAYE including representation at all commonwealth Ministerial Meetings and active support by Commonwealth Youth Program. It was also decided that CYP would ensure that CAAYE has a Voice on the table of all Commonwealth Forums and advocacy platforms to represent views of Asia's young entrepreneurs. CYP is also keen that CAAYE mentors similar Alliances in the other three Regions of the Commonwealth, namely the Carribean, Africa and the Pacific. In addition there were detailed deliberations on Partnership opportunities with the ILO's Youth employment network, Radiowalla Networks for CAAYE Radio (an online radio channel dedicated to entrepreneurship) and Smart CEO business magazine (for a year long set of 12 monthly features on CAAYE member organisations). An interaction was also held on learnings from the G20 Young Entrepreneur Alliance experiences with UK and Italy leaders on the G20 YEA present in person. Ms Uphekkha Samaratunga, Consul General, Consulate of Sri Lanka also met the Leadership Assembly. And discussed ways in which Alliances like CAAYE can help advocate the reduction of trade barriers and better people to people connections in the Region.

Students Orientation / Ice Breaking Session 10 December 2012: Mumbai

Composition of Student Volunteers
Ahmedabad Bangalore Chandigarh Coimbatore Delhi Gandhi Nagar Mumbai Indore Vadodara

Students Work Allocation
Leadership Assembly & Inaugural Post Event Report Live Blogging Factory Visits & Logistics Registration Headtable Management & VIP Lounge Floor Management General Valedictory Session Media Management Liaison for Overseas Speakers

Brunch-@-Sea 16 December 2012: Mumbai

The CAAYE Summit Team

Special Moments... Unforgettable Experiences

Special Moments... Unforgettable Experiences

Feedback from delegates and speakers
Salaam Namaste!! Much thanks for hosting myself and the delegates from Brunei. It was indeed a lasting impression albeit 24 hours in Mumbai, but I am sure I will be back again. Hafimi Abdul Haadii LVK Group of Companies Dear CAAYE Team, Thank you for such an amazing and wonderful show ! We really enjoyed our stay and sincerely appreciate all your hospitality. We have made lot of friends here. Adnan Shahid Ideogeny


“The hosting association, Young Indians and the other CAAYE members have put together an intense Summit. This summit has not only given the delegates an opportunity to network, interact and learn from speakers and delegates, but also a platform for enhancing cooperation amongst associations of young entrepreneurs in building global awareness about youth entrepreneurship and the tremendous growth opportunity. A major point of strength has also been the ability of the organizing team to show the local success stories, but also the challenges India is facing . The energy and commitment of the young leaders present supported by inspiring and curios student volunteers have generated constructive ideas and suggestions that will be useful to the Commonwealth Secretariat.” Luca Donelli Executive - Euros S.r.I & G20 YEA Sherpa of Italian Delegation of Confindustria Y.E

“The first CAAYE Summit provided a unique platform to engage young Asian entrepreneurs from the Commonwealth countries in a constructive debate on how to break trade barriers and increase investment flows in the 21st century’s fastest growing economic region. As a speaker at the event, I was encouraged by the diversity, scope and the willingness to move beyond the official policy lines. Perhaps, the most powerful example of this was the genuine warmth and friendship between delegations from India and Pakistan that completely defied common perceptions and prejudice. Rational, common sense arguments and desire to engage in a constructive fashion also prevailed in discussions on specific investment opportunities in India as well as the need to improve the level of education and improve access to finance.” Paulius Kuncinas Regional Editor - Asia, Oxford Business Group & Panelist at the CAAYE Summit

I am afraid that words would fail if I wish to place on record my sincere thanks and appreciation to you and to valiant members of Yi team, students and volunteers who worked really hard to make the Summit a success. It was, I must say, not an easy task to make it a historic event. It also sets a mile stone, a bench mark and all of us would feel the challenge to organise similar events in such a way. It was a learning for me as it provided lots of opportunity to meet and to interact with speakers, delegates and students. All of you have successfully left no room for me to be critical even for a small lapse. I got to know what is really meant by excellence. I am proud to be associated with all of you and Yi and wish to take it forward in our work in India and across the region. Great work! Excellent hospitality! Good learning! Aminul Islam Khan Regional Director

I felt very honoured to be asked to attend the summit and to take part. It really was a tremendous achievement and something i hope you feel very proud of. It was the start of something special and something that will create both a wide and positive impact. Alex Mitchell Director, Young Brits Network

The event was just very elegant and graceful, from the food to the speakers, venues, delegates attending, industrial visits, topics etc. there's a part of me still yearning to go back and not leave the atmosphere. I carry back from the summit new friendships, renewing old ones and with a lot of intellectual stuff. I can guarantee from my end that the summit would go a long way in helping me professionally and the country indirectly. I wish the forum further flourishes and brings in large benefits. Sreevats Gopal Yi Kochi

Our Student Volunteers Speak...
"I will never forget CAAYE Summit 2012 and the people I met there. If I have to sum up my experience of CAAYE in short, I would just say it’s one of a kind experience…where you sleep, breathe, eat, drink entrepreneurship. I feel lucky I got to share my ideas with some of the delegates, and I really thank them for their patience for not only listening to me but also guiding me in strategizing my plans better. I know for sure I will be better at working it out now, thanks to CAAYE, I would have never got a chance to meet them personally. I had a great time, made a lot of friends, learnt a lot and this is something that I will cherish for the rest of my life.” Janhavi Sharma Taaleem College of International Studies, Chandigarh “The CAAYE young entrepreneur summit was a great learning experience. We got the opportunity to witness history being created in places where many other historical events have taken place and share a small but significant role in understanding the process of change being brought about. Meeting other students from various parts of the country, working with the various CII organizing committee members, the late night calls to confirm the schedules for the next day, running around to get the work done and making sure everything goes smoothly, and last but not the least the the exposure to a summit of such a scale, was nonpareil. It was an honor to have been a part of the CAAYE summit. Thank you for the opportunity and looking forward to working with all of you again.” Shraavya Siri Pandit Deendayal Petroleum University, Gandhinagar “It was a great experience and it took me to places which I might never go being a commoner. It helped me network even as a volunteer and I hope the contacts established will help me sometime somewhere. I was glad we were asked to travel round the city cause it gave me an insight into the life of a local in the city. Most importantly, the summit was an eye opener for me. Hearing great personalities speak, I was inspired and presently I am Gowri Shankar.S working on my own ideas. Last of all, thanks to Kumaraguru College the CAAYE team; it was a life changing of Technology, experience. Will be happy if I get more chances Coimbatore like these in the days to come.” “CAAYE was the big memorable experience of my life that I never forget. Got lots of knowledge from the factory visits. Without CAAYE, it would not have been possible to visit the Dharavi slums which is the perfect example of entrepreneurship which can run successfully under any circumstance. Been a part of high professional event and getting inside in Bombay Stock Exchange was a great experience.” Chirag Shah Xcellon School of Business, Ahmedabad “The summit has been one of the best learning experiences of my life. Personally meeting, interacting and observing 200 entrepreneurs from 8 Asian countries has given me more knowledge than one year worth of academics would have. During the course of the week, I v i s i t e d t h e Dabbawallas at Lower Parel station while they conducted their famous daily six-sigma procedure of sorting our dabbas. I feel lucky to be a part of the historic CAAYE summit 2012 and fortunate enough to have contributed, albeit in a small way, to its success.” Manal Salgaonkar Vidyalankar Institute of Technology Mumbai “CAAYE was the best experience of life so far. I got to be inside landmarks like the world trade center and the Bombay stock exchange that are otherwise impossible to be at. The factory visits were a bundle of knowledge. Learning about organizations like Bule Dart and Mahindra & Mahindra couldn't have been anything other than retreat for a management student. The visit to Dharavi slums portrayed perfect example of entrepreneurship be that in any circumstances. I built up networks with a diaspora of delegates from the 8 member countries of CAAYE. I'm sure CAAYE is going to play a major role in shaping my career ahead.” Toshita Dharmadikari C K Shah Vijapurwala Institute of Management, Vadodara

In the media

In the social media
Inspiring Entrepreneurship related Content IES CAAYE Team commenced setting up for the 1st time a web based ecosystem from 26th Sept 2012 with the posting of inspirational videos, quotations, images and articles. They created linked accounts on various other online media like Facebook, LinkedIn, YouTube,, E-cells of various B-Schools, Orkut, etc. Introduction of CAAYE member Organizations The introduction of the various CAAYE member organizations along with a brief snapshot was done from 22 October 2012. Greatest Entrepreneurs From 28th October, 2012, posting of quotes from some of the greatest mentors such as Ray Kroc, Oprah Winfrey, Coco Chanel etc amongst others, on a daily basis compiled by the Social Media Team. Discovering Mumbai Beginning 1st November, 2012, CAAYE began posting photographs edited by Branding Bees on “Discovering Mumbai”, an initiative to bring to light all the sights, sounds and experiences in store for the delegates when they reach the port city of Mumbai. Festivals in Mumbai and India Once the delegates for CAAYE summit were closer to their arrival at Mumbai, beginning 12th November, the Facebook page began informing the visitors through pictures of the various festivals that comprise to the Mumbai experience. BlogSpot Articles A BlogSpot account for the CAAYE summit was created, beginning 4th November, by IES & covered topics such as the challenges faced by entrepreneurs, Asia-centric business articles, etc. Introduction of CAAYE Summit speakers/ delegates Beginning November 6th, 2012 an introduction to the speakers and delegates in the form of infographics. News Articles related to CAAYE Summit From November 7 posting of news articles released in the media on CAAYE Summit were being posted. University Entrepreneurship Marathon At the collegiate level, a competition called the “University Entrepreneurship Marathon” was underway from 17th. A tab was created on the facebook page where students could enroll & win prizes for themselves and recognition for their University. CAAYE Summit Coverage During all events continuous coverage was done live by IES CAAYE team where photographs were taken at various excursions, meetings, celebrations and the actual finale summit itself and up-to-date photo albums were made available to Summit delegates. Bombay Stock exchange also featured the event on their website and Facebook page. Live Streaming- CAAYE Summit On the final day of the Summit a live web streaming of the event was made available to viewers the world over. This was made possible by IES MCRC and Digital Infomedia Solutions. Live Questions from Online Viewers The online viewers posed questions and got responses by the Panelists through Live Streaming & Tweeting.

In the social media
Facebook Statistics for each of the above events

Facebook Report Statistics Summary of the virality during the various time intervals

16th– 30th September, 2012

1st – 20th December, 2012

1st – 31st October, 2012

Twitter Details Activities on the Twitter handle @caayealliance had started in the month of October. The focus was to get the #caaye2012 trending. It started with 4-5 posts a day and in the period from 7-12-12 to 15-12-12, the activities were intense which included pictures, comments, one liners and quotes from the delegates and entrepreneurs.

1st – 31th November, 2012

December 13-15, 2012 Mumbai, India.

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