Indian Institute of Management, Lucknow today announced its fourth six months General Management Programme for Defence officers. This 24 weeks General Management Programme is the fourth in a series of such programmes being organized for Defence officers, and the first at NOIDA campus. The programme is open to both short service commission officers and others. The programme was inaugurated today at the NOIDA campus by the Major General, SG Chatterji, VSM, Director General, Resettlement.

The response to the first three programmes conducted by IIML was a huge success with all 49 officers of the first programme and 60 of the second getting good job offers. The third batch, which is undergoing placements right now, is also witnessing a slew of great offers. This year after applying the selection criteria 59 Defence Officers from all three branches of the Armed forces have been selected for the programme. Out of the 59 Officers, 7 candidates are Lady Officers.

“Management education to defence personnel contributes to providing defence officers a second career choice after retirement. But the larger role in the national interest is to prepare a disciplined and responsible citizen to play important roles in today’s competitive business scenario” say Prof. NK Gupta & Prof. SC Bansal, Program Directors.

The Indian Armed Forces carefully selects Officers and continuously trains them in the art, science and craft of WINNING. Every year, hundreds of these Officers retire, with rich experience in learning, critical reasoning, objective decision making, creative thinking, leading and motivating people, running organisations and managing projects. The aim of the programme is to capitalize on these skills of the officers and optimize them to suit the corporate world’s requirements.

As in the past, the fourth programme is also expected to generate an enthusiastic response from the corporate world and given the intense nature of the programme it is sure to equip the participants with the necessary skill set so very essential to conquer the corporate world.

The objective of the GMP is to provide the participants with a basic understanding of the managerial systems and processes. The programme has been designed to provide the defence officers with basic functional inputs in subjects such as accounting and finance, decision sciences, organizational behavior, human resources management, communication skills, marketing, strategy, information technology and business environment.

The idea is to familiarize the officers with the requisite analytical tools and techniques; and develop a holistic perspective and global mindset to understand issues of an enterprise.

Source : prurgent.com

The state-owned Travancore Titanium Products Ltd (TTP), the leading manufacturer of anatase grade titanium dioxide in the country, is sitting on a pile of unsold stocks worth Rs 26 crore.

Heavy taxation combined with large-scale import of the product from China are the main reasons for the plight of the company, according to Mr KP Shankaradas, President of the TTP Employees Union.

He told newspersons here that while the company could sell 1,300 tons of titanium dioxide in October, the offtake till date in the current month was only 160 tonnes.

Following the cut in the import duty on titanium dioxide, China has been exporting large quantities of the product to India and selling it at a much lower price than that of TTP. While the Chinese product was available at Rs 62000 per tonne in the Mumbai market, TTP’s product was being sold at Rs 87000 per tonne, he said.

TTP’s product was also non-competitive vis-à-vis other domestic manufactures of titanium dioxide as Kilburn, and this was mainly owing to the “double taxation” that was being subjected TTP, courtesy the Kerala State Industrial Products Trading Company ( KSIPTC) acting as the intermediary marketing for the company, Mr Shankaradas said.

While the other private sector companies were paying a total of Rs 10200 per tonne as tax, which TTP paying Rs 18000, he pointed out. This anomaly could be rectified to a large extent if the intermediary marketing done away with, he said.

Besides, the company should bring down the cost of production by accepting the offer of all the employees who had applied for voluntary retirement.

Also, new appointments should be kept in abeyance till the company overcame the difficulties facing it had been, he said.

He also warned that the Rs 110 crore project aimed at checking water pollution would lead to the collapse of the company. Instead, the management should think of implementing the suggestion by the National Institute of Oceanography effluent to carry the 750 metres away into the sea as much this would not cost the company, he said.