47 CEOs and MDs discuss strategies for sustainable success and generational transition
Key Points:
* Family businesses contribute 60-70% to India’s GDP
* Session focuses on innovation, professionalism and generational adaptability
* Only 30% of family businesses survive into second generation, experts report
JAMSHEDPUR – CII Jharkhand organized a strategic session for family businesses, focusing on sustainable growth and resilience.
Industry leaders gathered to address modern business challenges.
Moreover, CII Jharkhand Chairman Ranjot Singh emphasized family businesses’ economic importance.
Meanwhile, past Chairman Killol Kamani discussed balancing family dynamics with business needs.
Furthermore, Krishna Kharia highlighted the significance of strong family values.
According to experts, generational transition poses significant challenges.
On the other hand, Koushik Modi praised family businesses’ superior performance over public corporations.
The session aimed to foster innovation and sustainable growth.
Business leaders discussed the importance of adopting new technologies.
