
People centric development must extend beyond New Delhi: CRF
People centric development must extend beyond Delhi as India is not one city, or one region—the different regions have different demands and voices, which must be heard and addressed, was a key suggestion put forward by the
Chintan Research Foundation
(
CRF
).
The suggestion was put forward by
Pranav Adani
, Director of
Adani Enterprises
, on Thursday as Chintan Research Foundation (CRF), an independent think tank supported by Adani Group celebrated its first Foundation Day in New Delhi.
The event witnessed an overwhelming presence of ambassadors, bureaucrats, journalists, fellow think tanks, industry leaders, and other key stakeholders to share the idea of the multi-faceted role that think tanks play in India.
Speaking at the event, Pranav Adani voiced the crucial role that think tanks play being part of the development aspirations of India's journey and how CRF contributes to this with the mantra of 'growth with goodness'.
He stated, "Policy is not abstract. It is personal. And, the growth must be measured not just in numbers, but in the lives that we touch, the lives we help improve. And this is CRF's mission — to drive change and contribute to India's rise in a way that uplifts every section of society and helps shape a
Viksit Bharat
.'
Talking about India's transformation and Viksit Bharat, Amitabh Kant, India's former G20 Sherpa and CEO, NITI Aayog, echoed that CRF will be part of this transformation and appreciated the research work that CRF has done and continues to do so. To realize this vision, he emphasised the need of think tanks to provide constructive feedback to the government. He stated, 'India-based think tanks must aim to build an ecosystem of intellectual collaboration, where systemic thinking, evidence-based policy, creative problem-solving, and constructive criticism becomes the norm across sectors.'
Only by continually asking where we stand and where we must act, India can effectively chart the future. This reflective inquiry has become a mission for CRF. Shishir Priyadarshi, President CRF highlighted a powerful conviction in the celebration, 'Think tanks must be more than silent observers and should create a space for a better, more inclusive, and more sustainable world where every voice resonates and drives action to lead a meaningful change for people-centric development.' For this he emphasised that think tanks must ask the tough questions-to the policymakers, to the government, and to the civil society.
CRF has been doing extensive research on critical issues faced by the citizens including climate change, energy transition, economy, trade, investment, geopolitics, and strategic affairs.
Here the uniqueness of CRF also lies in its approach as it integrates policy insights with industry realities while fostering connections between the government, industry, and citizens.
Additionally, the speakers highlighted the significance of think tanks in reimagining India's role in shaping the future, particularly in relation to the Global South. For this, it is crucial for India tounderstand the reality, and focus on key areas - climate change, equitable energy transition, the global economy, critical supply chains, trade, and the overarching geopolitics through evidence-based research.
Speakers and participants agreed that think tanks across India need to collaborate and prioritize objectivity, sustainability, and people-centric, data-driven solutions to address pressing policy challenges. CRF, as one of these entities, is committed to elevate ideas and empower people, and is poised to chart its role in India and the Global South.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles

Mint
20 minutes ago
- Mint
Torrent Pharma to acquire majority stake in KKR-backed JB Chemicals at ₹25,689 crore valuation — Details here
Gujarat-based pharmaceutical giant Torrent Pharma announced on Sunday, 29 June 2025, that it is in definitive agreements with global investment giant KKR to acquire a majority stake in JB Chemicals, according to an exchange filing. The potential acquisition details show that the company plans to acquire J. B. Chemicals and Pharmaceuticals (JB Pharma) at an equity valuation of ₹ 25,689 crore on a fully diluted basis, which will be followed by a merger of the two companies. JB Pharma's promoter company, Tau Investment Holdings, is a KKR-owned investment vehicle which the global giant uses to own a stake in the pharma major. Tau Investment is a legally distinct legal entity of KKR & Co. Inc. Tau Investment currently holds a 47.84% stake in J. B. Chemicals and Pharmaceuticals, according to BSE data as on Sunday, 29 June 2025. The deal is set to be carried out in several phases. In the first phase, Torrent Pharma will acquire a 46.39% stake through a share purchase agreement (SPA), which will total ₹ 11,917 crore at the rate of ₹ 1,600 per share. After the first phase, the company will introduce a mandatory open offer to acquire up to 26% of JB Pharma shares from public stakeholders at an open offer price of ₹ 1,639.18 per share. The acquiring company also plans to acquire another 2.80% stake in the company from certain employees holding a stake of JB Pharma at the same price per share as KKR selling its stake. The company also announced its plans for a merger between Torrent and JB Pharma through a scheme of arrangement where every shareholder holding 100 shares in JB Pharma will receive 51 shares of Torrent Pharmaceuticals. 'We are pleased to have on board the JB Pharma heritage and build on the platform for the future. Torrent's deep India presence and JB Pharma's fast-growing India business, combined with the CDMO and international footprint offers immense potential to scale both revenue and profitability,' said Samir Mehta, the Executive Chairman of Torrent Pharma in the official statement. JB Chemicals & Pharmaceuticals shares closed 2.72% higher at ₹ 1,799.35 after Friday's stock market session, compared to ₹ 1,751.75 in the previous market close. Shares of the pharma company have given more than 398% returns on investment in the last five years. However, the stock has lost 0.03% in the last one-year period. On a year-to-date (YTD) basis, the shares are down 4.58% in 2025, but are currently trading 6.02% higher in the last one-month period. Torrent Pharmaceuticals shares also closed with 3.68% gains on Friday's market at ₹ 3,344.40, compared to ₹ 3,225.70 in the previous stock market session last week. Pharma major Torrent Pharmaceuticals shares have gained 181% in the last five years and are trading 21.35% higher in the last one-year period. The shares are trading 6.94% higher in the last five trading sessions. Read all stories by Anubhav Mukherjee Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
&w=3840&q=100)

Business Standard
28 minutes ago
- Business Standard
Buyer found for TikTok, identities to be revealed soon, says Donald Trump
US President Donald Trump said in a Fox News interview broadcast on Sunday that he had found a buyer for the TikTok short-video app, which he described as a group of "very wealthy people" whose identities he will reveal in about two weeks. Trump made the remarks in an interview on Fox News ' "Sunday Morning Futures with Maria Bartiromo" program. He said the deal he is developing would probably need China's approval to move forward and he predicted Chinese President Xi Jinping would likely approve it. The US president earlier this month had extended to September 17 a deadline for China-based ByteDance to divest the U.S. assets of TikTok despite a law that mandated a sale or shutdown without significant progress. A deal had been in the works this spring that would have spun off TikTok's U.S. operations into a new U.S.-based firm, majority-owned and operated by U.S. investors, but it was put on hold after China indicated it would not approve it following Trump's announcements of steep tariffs on Chinese goods. "We have a buyer for TikTok, by the way," Trump said. "I think I'll need probably China's approval. I think President Xi will probably do it." A 2024 U.S. law required TikTok to stop operating by January 19 unless ByteDance had completed divesting the app's U.S. assets or demonstrated significant progress toward a sale. Trump, who credits the app with boosting his support among young voters in last November's presidential election, has extended the deadline three times.
&w=3840&q=100)

Business Standard
28 minutes ago
- Business Standard
Cloud kitchens operator Curefoods files IPO papers; aims to raise Rs 800-cr
Cloud kitchens operator Curefoods India on Sunday filed preliminary papers with markets regulator Sebi seeking its approval to raise funds through an initial public offering (IPO). The proposed IPO is a combination of fresh issuance of shares worth Rs 800 crore, and an offer-for-sale of 4.85 crore equity shares by existing shareholders, according to the draft red herring prospectus (DRHP). As part of the OFS, Curefit Healthcare, Iron Pillar PCC, Crimson Winter, Accel India V, Chiratae Ventures India Fund IV, Global eCommerce Consolidation Fund and Alteria Capital Fund will be offloading shares. The Bengaluru-based Curefoods India, which operates CakeZone and Nomad Pizza, plans to mobilise up to Rs 160 crore in pre-IPO round. If it completes the pre-IPO placement, then the size of the fresh issue will be reduced accordingly. Proceeds from the IPO to the tune of Rs 152.54 crore will be allocated towards expansion and equipment, including Rs 126.32 crore for setting up new Krispy Kreme cloud kitchens, restaurants, kiosks, and central kitchens; Rs 19.91 crore for expanding certain existing cloud kitchens through brand additions, and Rs 6.31 crore for purchasing machinery and equipment. In addition, Rs 126.93 crore will be used for payment of debt, Rs 40 crore for lease payments for the company's current properties in India and Rs 14 crore on sales and marketing efforts. Also, the company plans to invest Rs 91.96 crore in its subsidiary, Fan Hospitality Services, another Rs 11.35 crore will be invested in Cakezone Foodtechs and Rs 81.15 crore will be used for acquiring further shareholding in three subsidiaries -- Millet Express Foods, Munchbox Frozen Foods and Yum Plum. A portion of the proceeds will also be earmarked for funding future acquisitions and strategic initiatives, along with general corporate purposes. Curefoods India is an internet-driven multi-brand food services company offering comprehensive cuisines. Its multi-channel approach includes providing food offerings to customers under its brands through delivery and non-delivery channels, comprising cloud kitchens, kiosks, and restaurants. JM Financial, IIFL Capital Services and Nuvama Wealth Management are the book-running lead managers to the public issue.