Institution of Valuers aiming to expand in the Northeast India

way2barak, Dec. 18: Institution of Valuers (IOV), the pioneer organization in the field of Valuation has organised an awareness press meet regarding valuation and home loans in Greenwood Resort. IVC has also launched “ekta” software, in association with Evalo, to bridge the supply-side gap for entry level jobs and digitalize all the 766 districts in India. The initiative is the step towards alignment of the Valuation fraternity with “Skill India” and “Digital India” movements.

“Indian Valuers Congress” is taking place in Guwahati from 16th to 18th December 2022. This is with a view to not only reach that part alone, but also try and open gates for the South East Asian region. There by initiating new chapters of alignments in the field of valuation by aiming for expansion towards globalisation of Indian Valuation ecosystem. This is also a path breaking initiatives from Institution of Valuers following their objective of Institutionalising Inclusive Initiatives

President of IOV, Shri P K Thiagarajan and Mr. Vinay Goel, Hon. General Secretary of IOV & MD & CEO of IOV-RVF along with the team IOV welcomed the Chief Guest, Sh. Raju Tyeng, Principal Chief Commissioner, Income Tax Department, NER; Guest of Honour, Shri Amit Pradhan, ED, IBBI; Sh S K Baruah, ED, NEDFI and other eminent dignitaries such as Dr R Narayanswamy, Chair, NFRA Advisory Committee; S Sumant Batra, name a few out of almost 50. They will be apprised about the importance of valuation profession and Institution’s activities in the field of Valuation.

This conference was being organised by Institution of Valuers (IOV) in association with Insolvency & Bankruptcy Board of India (IBBI) and IOV Registered Valuers Foundation (IOV-RVF).

As spreading awareness among the users of valuation services, adoption of new technologies & processes and regulation of the valuation professionals is the need of the hour in order to harmonize the valuation ecosystem, this year’s IVC (53rd Indian Valuers Congress) deliberate on “Investing Resources for the Growth & Spread of Valuation Eco-System” expecting to energise the movement towards stabilising the eco-system for the penetration to benefit the society at large mainly focussing on following areas:

1. Harmonising the Valuation Eco System
2. Growing Reliance on Valuation Professionals
3. Renaissance in the Valuation Education
4. Foreseeing future of Valuation Profession by frontline regulators
5. Cross Border Valuation Practice
6. Convergence of Standards, Compliance and Regulatory Guidelines
7. Case Studies on Importance of Documentation & Presentation

The topics for deliberation and selection of domain experts to dwell upon them are carefully chosen for IVC2022. These efforts are intended to ensure the Valuers fraternity realize the central role envisaged for them and stand up and function in a manner that commands the confidence and goodwill of the stakeholders including the Government and the regulators. Another important area for deliberations during IVC 2022 is the use of emerging science, technology and advanced tools along with statistical methods in the Valuation process by valuers’ fraternity which is a pertinent and immediate need of the hour.

Also, with the endeavour to promote and develop the valuation education, after IMPEX and DCF Technique of Valuation, two new courses Business, Intangible, and Financial Instruments Valuation (CBIFV) and Valuation Surveyor were launched during 53rd IVC.

It is also sincerely believed by the stakeholders that Indian Valuation Profession can rise upto occasion and move forward to occupy the much-deserved entry into the global market which can open great opportunities for Indian Valuers and Valuation firms in the global ecosystem. Valuers across the country will surely have very useful and meaningful exposure to the emerging challenges, opportunities, trends and possibly identifying and strengthening the network that is already being laid and extending for a probable strong Valuation Profession in the near future.

IOV & IOV RVF strongly believes that their efforts will go a long way in ensuring a bright and sustainable future for the noble Profession of Valuation, which has become indispensable in the emerging Economic sphere with the kind of response and support extended by the Valuers across India.