Regeneration, restraint crucial for sustained growth

Regeneration and restraint are two sides of the same coin; both are required for sustainable growth, according to Shankar Rajaram, Head, Transportation and Power, Grundfos Pumps India Pvt Ltd, Chennai.

He said that his company has adopted six core values as part of its organisational culture, one of which is sustainability.It was the largest spender on R&D among engineering industries globally.

Delivering the

Business Line Club lecture, sponsored by the Tamilnadu Mercantile Bank Ltd and organised by the Sri Krishna Group of Institutions, Coimbatore, he said regeneration ensured sustainable wealth and ideas like regeneration and renewal were ‘intrinsic to sustainability’.But regeneration was also possible only if there was restraint.

Referring to well-established practices that help in regeneration, Rajaram drew attention to that period when farmers left their land fallow for a while after the crop was harvested to ensure the land is not overexploited.

There were examples of restraint so that regeneration was not hit.

He said the Grundfos group was the largest centrifugal pump manufacturer in the world, producing close to 16 million pumps annually, with a turnover of $4 billion.

It employs 20,000 persons globally.

It has another distinction — 3 per cent of its employees are differently-abled.

Among those who spoke were C. Ramakrishnan, Director, Sri Krishna Institute of Management, Martin Chezhian, Regional Manager, Tamilnad Mercantile Bank Ltd, Coimbatore, and P.Subramaniam, Senior Regional Manager, The Hindu, Coimbatore.