The world is waiting for India to lead and not to be led: Mr. Itzik Amiel, Director International Business Development, ANT Group

Bangalore, April 8, 2010: Dun & Bradstreet, the world's leading provider of global business information, knowledge and insight and InACT in association with ANT Trust & Corporate Services, organized a conference on CFO Series 2010: Growth Strategies, Challenges and Compliance.

For several decades, D&B Learning Solutions have been serving the business community with innovative, high quality, comprehensive training, conferences and education programs. The objective of the CFO series is to facilitate the exchange of information between the heads of finance in different corporates and provide a platform where CFOs/ Director - Finance / Treasurers of corporates update themselves on the latest market changes in India and abroad.

This conference focused on M&A as a strategy for growth, IFRS Convergence - It’s importance & Government Regulations, technology as an enabler for Compliance and Growth Management Regulatory Perspective, International structures - the use of holding, finance and hybrid entities; tax, legal and finance aspects and the use of international escrow in cross-border deals.
Speaking at the conference, Mr. Itzik Amiel, Director International Business Development, ANT Group said, “Indian companies should come up and acquire the international companies rather than the latter doing so. The solution to this is very simple; only through preparation and adequate knowledge about the structure, one can move ahead to the international level. The world is waiting for India to lead and not to be led.”
Mr. Sanjeev Bafna, Director-InACT and Group CFO, SVL Group said, “An economy like India is fast growing and inorganic growth is going to be a significant contributor to the growth of the company. Indian companies will now do more M&A’s outside India which will benefit them and add to their revenues.”
Speaking at the conference, Mr Muthu Ranganathan, Director-EPM, Global Centre of Excellence, SAP India said, “It is a great platform for CFO’s to share their knowledge which helps in understanding what other companies have done and implementing the same. A CFO’s role is much beyond a financial controller. The performance management has always been a top priority for any CFO. There are three areas of additive value for finance, which are – process efficiency, functional productivity and consolidated views of all the business that a CFO manages.
Mr. Shrenik Baid, Executive Director, PricewaterhouseCoopers said- “This is the right time for this kind of event. It has given a better clarity after the announcement of the IFRS rules & regulations which should be followed by a chain of strategies to be made & implemented at the same time, which is not easy”.



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