Chennai: India’s image as a nation of “brainy people” coupled with its demographic advantage of having a chunk of the population in the working age group will result in services sector, especially knowledge industries, fuelling the country’s growth in the years ahead.
But this is not the time to rest as there is a need for change in every sphere of life, a mindset change from one to carrying forward the economic reforms process, said Sudhir Jalan, All India Management Association (AIMA) president.
Addressing the golden jubilee annual general meeting of the Madras Management Association (MMA) here on Wednesday, said he should be the focus on harnessing the potential and leveraging the strengths instead of seeking protectionist measures.
Learn from history
India, according to Mr. Jalan, should learn from the history that it shows that China overtook as one of the most prosperous countries in the past. Scoring Under the need to transform the energy of the country’s youth, he said new industries and activities such as “hyper-agriculture, programmable money and privacy invasion sensors” would shape the future.
He was addressing the tenth in the series of lectures on `India’s time has come” that was organised as part of the golden jubilee of the MMA. “MMA is inarguably the finest of the local management associations in the country,” said Mr. Jalan .
Presents Awards
Earlier, he presented the MMA’s managerial excellence awards for 2006. While Pricol Limited Coimbatore bagged award of the manufacturing sector in the category, Loyola Bank and Indian Institute of Business Administration got it in the services and educational institution categories respectively.
Noting that the MMA was the force behind the establishment of the association management at national level, Jalan said Mr. as part of its golden jubilee AIMA that pursuing the many initiatives, including those to strengthen the bond with the management of local associations and build brand for itself.
Convention Centre
Listing programmes conducted as part of the golden jubilee, said MMA president DP Padmanabhan considerable groundwork had been completed on the proposals, announced as part of the celebrations, to establish an international convention centre and a world class management school in Chennai. Both the projects were likely to be located in one place and expected to be completed in three years.
Several past presidents of the MMA were honoured at the AGM, in which the chairman of golden jubilee celebrations committee K. Srinivasan Swamy commended the work done by Mr. Padmanabhan and his team. Director-General of AIMA G.K. Nischol released a set of compact discs containing the speeches organised as part of the golden jubilee.
