Pension Sector Reforms
November 17, 2001, New Delhi

Vote of Thanks by Mr. Sushil Jiwarajka, Chairman, FICCI Maharashtra State Council at the Seminar on Pension Reforms in India

Mr N Rangachary, Chairman, IRDA
Mr Ajai Singh, P F Commissioner,
Mr A S Kasliwal, Past President, FICCI,
Mr H O Sonig, Member, IRDA,
Mr Sanjay Sachdev, MD & CEO, IDBI Principal AMC
Distinguished Panelists &
Friends

I have the pleasant task of delivering Vote of Thanks to this august gathering here. My very special thanks to Mr. Rangachary, Chairman, IRDA, for kindly acceding to our request to join us here today in Mumbai to discuss the Report on Pension Reforms in India which IRDA submitted to the Hon’ble Finance Minister of India Mr. Yashwant Sinha on 31st October. Indeed Pension Reforms is required urgently in India as the old age financial insecurity is almost becoming a threat in India with a change in socio demographic structure in India. I am sure sir, the report done under your guidance will help formulate a road map to achieve the task.

Mr Ajai Singh, I am indeed grateful to you sir for sparing time from your valuable schedule to be with us at this occasion. Your views are indeed critical as you have the charge of the organized sector with you.

I am also grateful to IDBI Principal for sponsoring the Seminar. I must thank Mr. Sanjay Sachdev for chairing FICCI’s Task Force on Pension Reforms of which Mr Kasliwal has already made a mention. I must also thank other members of FICCI’s taskforce for their valuable contribution. Most of them are present here to share their views on this critical issue.

My thanks to all the panelists who have been kind enough to be with us today to share their perception on the subject. I am sure the deliberations today will help crystalise the thought process on this subject.

I would like to thank Mr. G N Bajpai, Chairman, LIC in advance who is going to join us later in the to chair the technical session.

Last but not the least my thanks to all the participants who have joined us today.