December 6-8,2013
Hilton Americas, Houston, TX, USA

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IIT 2013 Global Conference ended on Dec 8th, 2013. Conference team sincerely appreciates your attendance and support. We have been humbled by the feedback we have received. It is for you to judge. Please send your feedback to marketing@iit2013.org, chairman@iit2013.org or on LinkedIn and Facebook.

Tangible benefits of the conference - IITians give back

Endeavors range from setting up a $1M center at IIT Kharagpur to start-up funds for new ventures to funding scholarships to new chapters and many more

Media

Houston, Texas – The curtain came down on the tenth edition of the PanIIT Global Conference on Sunday, December 8 after three days packed with intensive networking, the renewing of old ties, and lively entertainment, all impeccably organized under the able leadership of the conference committee chaired by Witty Bindra, with Pratish Kanani as vice chair.

Thanking his team of close to 100 volunteers who had worked tirelessly for the past 18 months, Bindra said the goal of the conference was, “To inspire young folks to think and work together to make this world a better place to live. The fact is that by 2045, the world’s population is expected to grow to about 9 billion people, from about 7 billion today, and we should be able to provide 50% more food, 30% more water, and 50% more energy than it consumes today.”

Umang Gupta, the chairman of PanIIT Global, said, “I have been coming for more than 10 years to these PanIIT conferences and I can tell you this is one of the best organized conferences that I have come to know. I congratulate the entire volunteer team organizers, all of them out together.”

Highlighting the importance of giving back not only to the alma mater but also to the country, Gupta continued, “And also give back to our nations…whether it is back in India, the nation we come from or to America the nation we are in. And this event is perfect example of how we as IITians are coming together in giving back. So congratulations. Thank you.”

Bindra’s strategy, marketing and PR committee head, Partha Sarathi Chatterjee, said the event had succeeded in its mission of “giving back to the greater humanity and leaving a tangible mark for the future.” “We hoped to achieve that through the conference. Bringing together over 1,500 engineers, technologists and scientists, the conference featured an elite list of speakers, panelists and discussions focused on identifying and developing innovative solutions to an ambitious global challenge,” Chatterjee added.

Roy DeSilva, the stalwart representing the IIT Kharagpur campus, explained the different roles played by campus organizations and PanIIT saying that “both campuses on PanIITs coexist in harmony because they serve two different purposes. PanIIT mission is to brand and to provide alumni services. And bring the collective strength of all IITians to bear on these two issues. IIT Kharagpur Foundation mission is to give back to campus so they are absolutely nonoverlapping.”

On a personal note, DeSilva added, “As a President of IIT Kharagpur I am very proud to be able to say that I work hard to give back to the campus and as a member of PanIIT I do my share to meet the mission of providing branding and our alumni services and my message to everyone who is over here, ‘Come work hard but have a good time doing it’.”

Umang Gupta echoed DeSilva, saying, “It reminds our whole conference is structured is all about giving back to ourselves, essentially helping each other through networking and alumni services giving back to our alma maters, the IITs great engineering institutes, the greatest, in fact, I would like to think, on earth.”

Prasad Vemuri, an alumnus from IIT Kharagpur who came from New Jersey, felt a “sense of belonging and in a way a kind of entitlement.” Vemuri told India America Today, “To be part of this wonderful community that is doing a lot, I believe, for the US economy – I am very excited to be a part of this. I am regular at PanIIT. And every time PanIIT is over, I look forward to next PanIIT.”

Making note of the things that make him a part of PanIIT, Vemuri said, “not just network to exchange ideas helps them professionally in a way and also brainstorms on lot of topics related to one’s own world. In general, about what’s happening in the business world.”

An excited local participant, Adil Adi, called the conference, “the meeting of intellectual minds,” adding, “Lot of our customers and friends are here. So we are very appreciative of the PanIIT efforts to make this conference very, very successful. Look forward for the next time again.”

Ranbir (Ron) Singh Gupta, an alumnus of IIT Kharagpur and founder of the Ranbir (Ron) and Chitra Gupta School of Infrastructure Design and Management at IIT Kharagpur in 2008, aptly called it, “one of the best organized meeting so far.”

HOUSTON — National oil companies have a savvy eye when it comes to the benefits of working with oil field service firms, a former Schlumberger executive told a Houston audience Thursday morning.

Companies like Brazil’s Petrobras and Mexico’s Pemex are leveraging the state-of-the-art technology that big service companies like Schlumberger can provide — and are benefiting handsomely from it, said Andrew Gould, chair of the BG Group and former CEO of Schlumberger, who spoke at the IIT 2013 Global Conference at the Hilton Americas.

National oil companies increasingly dominate ownership of the world’s largest oil and gas projects. In 2000, the state-owned firms controlled three of the world’s seven multibillion-dollar energy projects, with international companies — like Exxon Mobil and Chevron — responsible for the remainder, according to Gould. By 2012, that number had risen to 17 for national oil companies, far outpacing the seven projects undertaken by international companies.

The rise of state-owned companies like Statoil and Petrobras has generated a new market for service companies, who can offer innovation and technical expertise gained around the globe. While international companies often have their own internal resources for seismic and technical software, service companies are providing some of this expertise for national oil companies.

Halliburton and Schlumberger have, in turn, found their relationship with Pemex to be mutually beneficial, earning about $1 billion each for services provided in Mexico, according to a Barclay’s analyst.

Gould said that national oil companies that have shunned the expertise of service companies have missed out on important technology and knowledge, including the innovations of hydraulic fracturing and horizontal drilling.

“Those who remain closed to the outside world fall seriously behind,” Gould said, noting that Russia had resisted working with oil field services companies for many years and was slow to benefit from the drilling advances adopted by the industry.

Gould oil and gas producers in the U.S. and Western Europe could benefit from the more collaborative model, allowing for more expertise on increasingly complex projects that the industry is attempting to take on.

“If the industry wants to progress, new ways of working together are essential,” Gould said. “It will not be easy — it goes against the traditional notions of the industry — but the performance and rising costs of production makes such relationships critical.”

Source : http://fuelfix.com/blog/2013/12/06/gould-national-oil-companies-are-benefiting-from-experience-of-service-firms/

HOUSTON — Mexico’s lawmakers probably will approve sweeping constitutional reforms for the nation’s energy sector by mid-December, former Mexican President Vicente Fox said during a visit to Houston.

“I am very optimistic,” Fox said in an interview with FuelFix Friday evening.

The  legislation would modify Mexico’s constitution to permit international companies to invest and share in the risks and rewards of Mexican oil projects.

Fox, who served as  president  from 2000 to 2006, was in Houston to speak at the IIT Global Energy Conference this weekend at the Hilton Americas downtown.

Expert: Mexico needs international investment to develop shale natural gas

Fox changed the political landscape of the country by becoming the first leader in nearly a century to break the hold on Mexico’s presidency of the Institutional Revolutionary Party, abbreviated in Spanish as PRI.

But he and his National Action Party, PAN, failed to push through energy reforms during his tenure because PRI’s lawmakers blocked the proposal.

“I was a total minority,” Fox recalled. “I won with 44 percent of the vote and had no more than one third of the political position appointments. And I had very strong opposition.”

Mexico’s current president, Enrique Peña Nieto, of the PRI, has introduced similar measure again, and PAN has said it will work  with the PRI to pass the constitutional amendment.

Fox sees sufficient momentum for meaningful changes to be adopted into law.

“My party, the PAN, has a lot of integrity,” Fox said. “It is not going to play as opposition in this case.”

Mexico nationalized its oil industry in the 1930s, creating a decades-long source of pride and identity, along with considerable resistance to changing the structure.

But the national oil company, Petroleos Mexicanos, or Pemex, is struggling with rapidly declining production and increased competition. Supporters of an overhaul say Pemex needs capital and expertise that it only can get if outside investors can share in the oil and gas produced rather than working only as contractors.

Natural gas: Eagle Ford pipeline moves forward for delivery to Mexico

The left-leaning Party of the Democratic Revolution, or PRD, has organized large demonstrations in Mexico City protesting the constitutional amendment, saying that it would open the door to privatization of the oil industry. But Fox said that these protests do not have enough momentum to block passage of the constitutional amendment, given its support by the two leading parties.

“The conflicts on the streets are going to make it costly for the president to come up with the reform, but it will happen if Pena Nieto has a strong will and is determined for the change,” Fox said.

Mexican lawmakers are debating the proposal with an eye to a vote before Dec. 15, when Congress breaks for three months.

Fox  cautioned that the international energy sector, which has watched several cycles of unsuccessful Mexican energy proposals in recent decades, will  be looking for proof that Mexico is ready to change how it does business with the world.

“It has taken so long, that it must be good, profound reform,” Fox said. “Expectations are very high, especially by investors. If it doesn’t please them, or they don’t understand it, the effect we are looking for won’t be there.”

Source : http://fuelfix.com/blog/2013/12/07/former-mexican-president-fox-predicts-success-for-proposed-energy-overhaul/

WASHINGTON: An eminent Indian-American entrepreneur and a IIT Kharagpur passout has pledged USD 1 million for setting up a Center for Petroleum Engineering at her alma mater.

Ruma Acharya-Deysarkar worked for Getty Oil and Texaco and Baker Hughes in Oil and Gas Industry in Houston. She founded Grounded Technology and grew the business to employ 50 people – in Construction and Environmental Science area focused in Texas.

She, along with her husband, Asoke Deysarkar pledged to donate the USD 1 million during IIT 2013 Global Conference in Houston.

“IITians want to make a difference to the world and desire to give back,” said Partha Sarathi Chatterjee, marketing chair of the conference held between December 5-8.

Pan IIT India, a group of ex-IITians is planning to develop an online portal for the kids in the rural India to take advantage of the online courses. This will be for 6th to 12th Standard students only, he said.

Two other IIT alumni have announced an award up to USD 100,00 each to selected winners of business plan competition.

“Conference was about giving back through inspiring innovation for tomorrow. It was not only about promoting the IIT brand but to encourage and initiate giving back to alma-mater, India and greater humanity through innovation,” Chatterjee said.

During the conference Hersh Kumar Legacy Fund and PFP Industries Fund announced to make an investment each of USD 100,000 in startups to be potentially awarded to selected winners of Business Plan Competition.

Some 1,600 world leaders, energy experts, technology professionals and engineers from around the globe attended the IIT 2013 Global Conference in Houston. Among the eminent speakers were Nobel laureateAmartya Sen, former Mexican president Vicente Fox.

Flight Director of NASA’s Apollo 13 Mission Gene Kranz delivered the keynote address.

“We know that we are privileged to have that education. As a brood, IItians do not want to just sit on their laurels – but want to leverage their intellect, fame and prosperity to significantly contribute to the nation and world,” Chatterjee said.

Inspired by the Conference, one of the delegates have now approached IITKGP to start a “Student Sponsorship” programme and will pay for student tuition for one student approx USD 90,000 per year.

They will pay for years second, third and fourth year also.

With the theme of ‘Inspiring Innovation for Tomorrow’, the IIT 2013 Global Conference chose STEEL threads – Sustainability, Technology, Education, Energy and Life Sciences – as the five key areas for weaving innovative solutions.

“IITians want to make a difference to the world and desire to give back,” said Partha Sarathi Chatterjee, marketing chair of the conference held between December 5-8.

An eminent Indian-American entrepreneur and a IIT Kharagpur passout has pledged USD 1 million for setting up a Center for Petroleum Engineering at her alma mater.

Ruma Acharya-Deysarkar worked for Getty Oil and Texaco and Baker Hughes in Oil and Gas Industry in Houston. She founded Grounded Technology and grew the business to employ 50 people – in Construction and Environmental Science area focused in Texas.

She, along with her husband, Asoke Deysarkar pledged to donate the USD 1 million during IIT 2013 Global Conference in Houston.

“IITians want to make a difference to the world and desire to give back,” said Partha Sarathi Chatterjee, marketing chair of the conference held between December 5-8.

Pan IIT India, a group of ex-IITians is planning to develop an online portal for the kids in the rural India to take advantage of the online courses. This will be for 6th to 12th Standard students only, he said.

Two other IIT alumni have announced an award up to USD 100,00 each to selected winners of business plan competition.

“Conference was about giving back through inspiring innovation for tomorrow. It was not only about promoting the IIT brand but to encourage and initiate giving back to alma-mater, India and greater humanity through innovation,” Chatterjee said.

During the conference Hersh Kumar Legacy Fund and PFP Industries Fund announced to make an investment each of USD 100,000 in startups to be potentially awarded to selected winners of Business Plan Competition.

Some 1,600 world leaders, energy experts, technology professionals and engineers from around the globe attended the IIT 2013 Global Conference in Houston. Among the eminent speakers were Nobel laureate Amartya Sen, former Mexican president Vicente Fox.

Flight Director of NASA’s Apollo 13 Mission Gene Kranz delivered the keynote address.

Source : http://www.dnaindia.com/academy/report-alumna-ruma-acharya-deysarkar-pledges-1-million-for-iit-kharagpur-1935332

Breaking news

IIT 2013 ended on a high note. Conference team got overwhelmingly positive feedback.

The final numbers were:

Over 1600 attendees, over 90 speakers, over 22 hours of program content, over 6 hours of entertainment, and 100 sponsors, exhibitors and advertisers.

Heartfelt thanks for the tremendous support from sponsors, speakers, delegates, exhibitors, the Pan IIT movement, local Houston community and the volunteers.

This conference was focused on five cutting edge sectors/areas that wove a tapestry of innovations for this not-so-distant future. These five were Sustainability, Technology, Energy, Education and Life Sciences (STEEL).

Conference’s star speakers included Amartya Sen, Gene Kranz, Andrew Gould, Vicente Fox, Renu Khator, David Leebron, Blake Irving, P. Harish, Bharat Desai, Partha S Ghosh, and many others.

In addition, the attendees enjoyed a powerful entertainment package including Usha Uthup, the Fab 5 and Dan Nainan. Usha Uthup just rocked Saturday night, literally bringing the crowd to its feet.

Hope the Houston conference did inspire innovation for tomorrow!

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