Y C Deveshwar
Chairman, ITC Limited
It has been our resolve to build an exemplary Indian enterprise
that would create enduring value for our country. An organisation
that would adopt the credo of putting 'India First' - keeping
Country before Corporation and the Institution before the
Individual. Over the years, the patriotic sense of 'India First' has grown into a full-blown
aspiration to be a National Champion subserving the country's larger priorities. This is not only
manifest in the creation of world-class Indian brands, but also in the Triple Bottom Line goals
of the Company to nurture larger societal value. The need to sustain global competitiveness
in economic value creation, whilst simultaneously creating larger societal value, has led to
innovation in business models that seek to synergise the building of economic, ecological and
social capital as a unified strategy.
A new paradigm of growth is today called for - an integrated Triple Bottom Line approach that
builds competitiveness whilst at the same time ensuring that the environment is nourished
and large-scale sustainable livelihoods are created. I call this new paradigm 'Responsible
Competitiveness', which to my mind is a pre-requisite to creating a more sustainable future.