Join Parth Jindal, Managing Director of JSW Cement, and Priya Aggarwal Hebbar, Chairperson of Hindustan Zinc, as they share insights from Davos 2025. They dive into India's rising global significance amid competing powers like China. Explore the innovative energy policies and the balancing act between sustainability and economic growth. They also tackle the complexities of AI's impact on jobs and creativity, showcasing how these pioneers navigate modern business challenges while fostering a vibrant startup culture.
The Davos event creates a unique networking atmosphere where industry leaders and entrepreneurs forge significant collaborations through informal interactions.
Indian businesses are embracing sustainability as economically viable, aiming for net-zero emissions while balancing growth and responsible resource management.
Deep dives
Networking Dynamics at Davos
The atmosphere at Davos is characterized by a rapid exchange of connections reminiscent of speed dating. Attendees range from industry leaders to emerging entrepreneurs, all looking to maximize their networking opportunities in a short period. Individuals often leave business cards and follow up after discussions, recognizing that the relationships formed can lead to significant collaborations. The casual interactions and informal settings allow participants to engage openly, facilitating connections that may not happen outside this unique environment.
Geopolitics and Business Navigation
The shifting geopolitical landscape poses challenges for Indian businesses as they aim to maintain relationships with both China and the U.S. While energy transition is a key focus, reliance on various nations for specific technologies and resources is crucial for progress. India must leverage its vast natural resources while also adopting advanced technologies from external sources to remain competitive. The discussion emphasizes the need for a balanced approach to navigate the complexities of international trade while protecting domestic interests.
Emerging Understandings of AI
The conversation highlights a critical perspective on the current enthusiasm surrounding artificial intelligence (AI), emphasizing the need for its responsible application. While AI offers numerous benefits, there are concerns about its potential to diminish creativity and human capability. In India, the adoption of AI focuses on enhancing industries such as healthcare, rather than over-relying on technology for everyday tasks. This balanced approach reflects an understanding of integrating innovation while recognizing its impacts on society.
Commitment to Sustainable Practices
Indian businesses are increasingly committed to sustainability, with specific goals set for achieving net-zero emissions in the near future. Firms emphasize that going green is not just environmentally responsible but also economically feasible, as renewable energy sources often prove to be cost-effective. The discussions shed light on the importance of transitioning to greener alternatives without compromising economic growth, particularly in a developing country like India. Leaders express confidence that the shift towards sustainability can be balanced with responsible business practices, ensuring a future-oriented approach.
Parth Jindal, Managing Director, JSW Cement and Priya Aggarwal Hebbar, Chairperson, Hindustan Zinc talk to Arijit Barman about the yeas and nays of Davos 2025, the most interesting people they met there, overdoing AI, navigating China and ESG and wokeism in the Trump era.