Forum of presidents of Colombia discussed strategies for reindustrialization

Forum of presidents of Colombia discussed strategies for reindustrialization
Forum of presidents of Colombia discussed strategies for reindustrialization

For the ninth consecutive year, the El Nogal Foundation held the Presidents’ Forum Meeting, which this time was under the motto “Colombia towards the future: from the popular economy to reindustrialization, which sought to generate dialogue about the role of small businessmen and its constant growth in the country, in a context of economic reactivation and reindustrialization throughout the Colombian national territory.

At the event, opportunities for economic growth in Colombia were discussed, a business x-ray of the country was made, and possibilities for energy transition, artificial intelligence, innovation and technology, among others, were evaluated.

The objective was to delve deeper into the private sector as an ally in the growth and industrialization of the country, hand in hand with small and medium-sized entrepreneurs. In this way, it was pertinent to analyze the importance of the role of the entrepreneur in society in relation to a common vision and purpose.

On the environmental issue, Eduardo Uribe, Director of Sustainability of Grupo Energía de Bogotá, GEB highlighted that the greatest challenge of the energy transition is that it be fair. “It is an expensive process that must distribute those costs in such a way that they do not hit the most vulnerable,” he explained.

​For Uribe, companies, today shareholders demand that in addition to dividends, benefits are generated for the communities.

“When we build a transmission line or pass a gas pipeline through a territory, we seek to leave prosperity for the people. This is an immense opportunity to generate well-being in the communities and to strengthen the popular economy,” he added.

IX Meeting of Presidents Forum

Photo:Alexander Castilla C

On the opportunities for economic growth in Colombia, Javier Birchenall. associate professor of economics at the University of California, Santa Barbara highlighted that growth alone is not a guarantee of lower inequality.

For example, the expert points out that the gaps between rich and poor in countries like the United States are getting larger while Latin America has managed to reduce despite the growth.

​In another sectoral aspect, Juan Martín Caícedo, president of the Colombian Chamber of Infrastructure, explained how the construction and infrastructure sector is one of the fundamental pillars of the economy since in recent years, it is behind the development of large projects, has experienced significant growth and contributes to the generation of employment, to the improvement of competitiveness, to growth and development.

In turn, Mauricio Borja, industrial engineer, master in business administration, marketing specialist and banking specialist highlighted innovation in the sector and the importance of security within the applications and the relationships of users with banking.

On the topic of business growth, Jorge Tarancón, partner of Financial Advisory Services and Transactional Advisory at Grant Thornton Spain He highlighted that there are several reasons that can drive the inorganic growth of companies.

​”The corporate social responsibility part must be so valuable and important, it gives companies diverse strategies and options, it allows customers to grow, there is a deployment and generation of synergies and a vertical integration of profits,” he pointed out.

The discussion also had a space for reflection with the general director of El Tiempo Casa Editorial Andrés Mompotes about the importance of Colombian businessmen looking towards a common purpose.

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