Confederation of Indian Industry

Press Coveragg

Interactive Session with Mr Saniiv Goenka

13 August 2015; Kolkata

ell - EASTERN REGION

Publication: Hindu Business LineEdition: Kolkata

Date: 14.08.2015Paqe: 3

Young e~trepreneursneed to believein themselves: Sanjiv GoenkaOUR BUREAUKolkata. August, 3

Young entrepreneurs need tobelieve in themselves and re-bel against conventional wis-dom, if need be. This was theadvise of Sanjiv Goenka,Chairman of RP-Sanjiv Goen-ka Group, at an interactivesession, organised by Cll hereon Thursday.

Recalling his own debutin-to the world of entrepreneur-ship, he said, at 27, muchagainst his father RPGoenka'swishes, he had broken a busi-ness relationship that con-trolled Dunlop and painstak-ingly acquired control ofCESe.

"I bought up 10 per centstake in CESCbit by bit fromthe market on borrowedmoney of Rs 40 lakh at an in-terest rate of 20 per cent.Then convinced then institu-tionallender ICICI,which had35 per cent stake in CESC,toback him to manage the com-pany," Goneka said.

He did not stop there. Aftergetting access to the manage-ment, Goenka managed to

Pep talk SanjivGoenka, Chairman of the RP-SanjivGoenka Group,addresses a meeting organised by (II on'entrepreneurship, inKolkata,on Thursday ASHOKECHAKRABARlY

come with a rights issue,knowing that no other exist-ing stakeholder would partic-ipate in the exercise' of thethen difficult company.

After the issue, he firmly es-tablished himself as thelargest shareholder of CESe.

He felt now opportunitieswere far more for the bud-ding entrepreneurs' and

things were to be even betterin the near future with thegrowing number of venturecapitalists and angelinvestors.

"Some of the Indians havealready made mark in entre-preneurship in global arena.In the next five years therewould be much successful in-dividuals", he added.

Publication: Indian ExpressEdition: Kolkata

Date: 14.08.2015Page: 5

New land Bill will createhurdles for solar powerprojects, says Goenka

loss-making public utility serv-ice to a profitable one and wenton to achieve it

"When you are 27, you aresomewhat stupid, wanting totuma citythat is notorious aboutpowercuts, into a city with nopowercuts. I was viewed withscepticism and greeted withhostility but I decided to go onwith my dreams," he said.

Laterasked about the UKtrip,Goenka told mediapersons thatit was very good and in fact bet-ter than the Singapore tour inAugust last year. 'There will beno immediate investment butthis is the beginning ofa process .The negative perception aboutBengal has been corrected to alarge extent and slowly,you willsee the perception changingmore and more. People inter-ested in investing in India willstart considering Bengalas an in-vestment destination," headded.

Referring to the Goods andServices Tax (GST)Bill,he said:"Fundamentally, I believe eco-nomics and politics should notbe mixed. Economic decisionmaking should be independentfrom politics. I think GSTis animportant tool for the economy."

EXPRESS NEWS SERVICEKOLKATA,AUGUST13

lHE proposed Land AcquisitionBillof the Modigovernment willmake it difficult to acquire landfor large solar power projects,leading tindustrialist SanjivGoenka said in Kolkata onThursday.

Goenka, chairman of RP-Sanjiv Goenka Group, who waspart of Chief Minister MamataBanerjee's delegation in her re-cent UKtrip, said:;1:oday, coal is

.p precious thing ~nd.Js,yeJ:;y ex-.p,emive_Thereby,tnepower t:l\a,tJ.e generate from it will also beexpensive. Technology is bring-ing down costs. Give it anothercouple of years and cost will godown even further."

"Ithink this iswhen solar andwind projects will take off in abig way. The challenge is goingto be land. WitH the new LandAcquisition Bill that has beenproposed, it's going to be diffi-cult or almost impossible to getland. And if you don't get land,getting solar energy will be outof question," he said during aninteractive session held by the

Confederation ofIndian Industry(01). Goenka said unless the gov-ernment intervened, it will notbe possible for individuals to ac-quire large tracts of land whichis required for big solar projects.

India plans to quadruple itsJt:newap\ET-PQw~~!Apa.qtyto.175tw'by;2pti Oft)1is~lOaGWis.tQ.q>nsist of solar energy, Thegovernment has sought morethan $100 billion in investmentto achieve this solar energy tar-get and ensure that the contri-bution of solar power to thecountry's energy portfolio israised to 10per cent

Tomembers of the CIIyouthwing, Goenka said young entre-preneurs should have a clear vi-sion about their aims, do re-search on it and back the samewith data. 'This way, it will notbe very difficult to find capital,"he said while adding how he, at27, had dreamed of turning a

Publication: The Echo of IndiaEdition: Kolkata

Date: 14.08.2015Page: 1

Solar, wind energy are futureof India: Sanjeev Goenka

I DEBANJAN MUKHERJEE. \ -..--.......",~

KOLKATA, AUG 13 /-.-/Solar and wind energy willtake over in a big way asmajor sources of energywithin the next two years,said Sanjeev Goenka, thechairman of RP-SanjivGoenka Group, which runsthe Calcutta Electric SupplyCorporation (CESC).

Replying to a question atan interacti ve session organ-ised by the Confederation ofIndianIndustry( Cll) today ata city hotel, Goenka saidsince coal, which producesaround 80 percent ofelec-tr icity is getting expensiveday by day, the country willhave to move towards renew-able energy and hence solarand wind will become majorsources of electricity. At thesession with the theme 'Theimportance of youth entre-preneurship in shapIng In-dia's economy', the noted in-dustrialist told the younggeneration to come up withnew ideas and innovative

Sanjiv Goenka, chairman of RP-Sanjiv Goenka Group(Right) andAloke Mookerjea, chairman ofCll Eastern

region at a Cll programme in Kolkata on Thursday.thinking that can help them different educational institu-emerge as entrepreneurs. tions, heard inraptattention.

"Todayentrepreneurship Answering to the questionis no more limited to capital. what made him invest in theIf your idea is good, there will CESC, Goenka said: "I had abe no dearth of investors to w ish to change a city whichput money in your business", was notorious for power cutsGoenka said ... Believe in and Ifeel proud to share withyourself and don't let any- you that CESC has won sev-body groom pursuing your eral national and interna-dream" Goenka said, as the tional awards in the recentaudience, majority of which timesforitsperformanceandconsisted of students from excellence". .'

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Publication: EbelaEdition: KolkataDate: 14.08.2015Page: 6

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Publication: Salam DuniaEdition: KolkataDate: 14.08.2015Page: 2

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Publication: Dainik ViswamitraEdition: KolkataDate: 14.08.2015Paqe: 4

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Publication: Prabhat KhabarEdition: Kolkata

Date: 14.08.2015Page: 5