ICMAI Concludes RISE India Leadership Summit 2026, Charts Roadmap for CMAs in Advancing Viksit Bharat Mission
# Summit emphasises bridging institutional and industry gaps to accelerate value creation, strengthen GCCs, and support India’s journey towards becoming a developed economy
The Institute of Cost Accountants of India (ICMAI), a statutory body established under an Act of Parliament under the administrative control of the Ministry of Corporate Affairs, Government of India, successfully concluded the RISE India Leadership Summit 2026 in New Delhi, bringing together policymakers, industry leaders, and financial experts to deliberate on the role of strategic leadership in advancing India’s vision of Viksit Bharat 2047, as envisioned by the Hon’ble Prime Minister Shri Narendra Modi.
ICMAI, the largest Cost and Management Accounting body in the world and in Asia, with nearly five lakh students and over one lakh qualified CMAs globally, continues to play a pivotal role in strengthening governance systems, ensuring transparency, and promoting financial discipline across India’s economic ecosystem.
Held at Shangri-La Eros, the summit centred around the theme “Strategic Leadership for Global Capability Centre – CMAs as Architects of Value Creation & Capability Augmentation”, with a strong focus on identifying institutional, regulatory, and operational gaps that must be addressed to accelerate India’s transformation into a developed economy.
In his address, CMA T.C.A. Srinivasa Prasad, President, ICMAI, underscored the pivotal role of Cost and Management Accountants in driving efficiency, transparency, and value-based decision-making across sectors. He highlighted that CMAs are uniquely positioned to act as strategic enablers in bridging gaps between policy formulation and on-ground implementation, particularly in emerging areas such as Global Capability Centres (GCCs), digital finance, and sustainable growth frameworks.
The summit witnessed the presence of distinguished dignitaries including Shri Beeda Mastan Rao, Hon’ble Member of Parliament; Shri D Prasada Rao Hon’ble Member of Parliament. CMA Anand Kumar Pal, Advisor Manistry of finance, Shri CMA L.V. Sudhakar Babu, Managing Director, Sagarmala Finance Corporation; Shri Vivek Chandrakant Tongankar, Director (Finance), ONGC; CMA Rajesh Kumar Dwivedi, Director (Finance), BHEL; CMA Rakesh Yadav, Chairman, NIRC, ICMAI; and Shri CMA Sanjay Jindal, Director (Finance), Engineers India Limited, among others.
The event also reflected the collective leadership of ICMAI, including CMA Neeraj Dhananjay Joshi, Vice President; CMA Vinayaranjan P, Chairman, Career Counselling & Placement Committee; CMA B B Nayak , CMA Manoj Kumar Anand, CMA Rajendra Singh Bhati, CMA Navneet Kumar Jain, CMA Chittranjan Chattopadhyaya, CMA Avijit Goswami and Council Members; and CMA Dr D.P. Nandy, Secretary, along with other Council Members who contributed to the success of both the summit and the preceding press conference.
Deliberations throughout the summit focused on strengthening India’s institutional capacity to support the Viksit Bharat mission by enhancing financial discipline, improving cost competitiveness, and fostering innovation-led growth. Speakers highlighted the need for robust policy alignment, capacity building, and deeper industry-academia collaboration to address skill gaps and ensure that India’s GCC ecosystem evolves into a global benchmark for efficiency and value creation.
The summit served as a high-level platform for dialogue, collaboration, and knowledge exchange, bringing together CEOs, CFOs, Directors, senior corporate leaders, HR professionals, senior government officials, and industry representatives to collectively shape strategies for strengthening India’s global business and capability ecosystem.
A key takeaway from the discussions was the critical importance of CMAs in enabling data-driven governance, optimizing resource allocation, and supporting regulatory frameworks that align with global standards. The summit also stressed the need to institutionalise best practices in cost management and performance measurement to enhance India’s competitiveness in global markets.
Industry leaders from organisations such as Microsoft India, Indian Oil Corporation Limited, Accenture, Apple India Private Limited, Power Finance Corporation Limited, BHEL, NSIC, REC Limited, Central Warehousing Corporation, Cement Corporation of India Limited, KRIBHCO Green Energy Pvt Ltd, Accenture, HCL, Samsung, Orange Business and TPM Consultants Pvt Ltd shared insights on building resilient and future-ready enterprises aligned with national priorities.
The RISE India Leadership Summit 2026 concluded with a collective commitment from ICMAI and participating stakeholders to actively contribute towards bridging systemic gaps, strengthening institutional frameworks, and enabling a robust economic architecture—reinforcing the role of CMAs as key drivers in achieving the vision of a Viksit Bharat by 2047.
