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Pallam Raju tells IIMs to find solutions to real issues

Special Correspondent
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IIM World Class Management Conference begins in Panaji

M.M. Pallam Raju, Union Minister for Human Resource Development, speaking at the inaugural ceremony of the IIM World Class Management Conference in Panaji on Friday.
M.M. Pallam Raju, Union Minister for Human Resource Development, speaking at the inaugural ceremony of the IIM World Class Management Conference in Panaji on Friday.

Union Minister for Human Resource Development (HRD) M.M. Pallam Raju has said that academia and industry should not function in isolation; they should merge seamlessly to provide vocational skills to youth through community education.

The Minister was addressing the inaugural session of the IIM World Class Management Conference on ‘Emerging Issues in Management’ at a resort here on Friday morning. Ambassador of France to India Francois Richier was the special guest at the conference.

Mr. Raju called upon the IIMs to focus on finding solutions to some of the real issues the country was facing like governance, academics, capacity shortages, national security, safe drinking water, urban congestion and youth issues.

He said that the UPA government at the Centre had been constantly pursuing inclusive development to get rid of inequality in the society.

Delivering the keynote address on the topic ‘Looking Beyond Profits”, Union Minister of State for HRD Shashi Tharoor paid rich tributes to “Brand IIM”, which, he said, was synonymous with world-class and at the same time came with rich Indian flavour to transform every sphere of the country.

Articulating the concept of “profitability” in his address laced with humour, Mr. Tharoor said one aspect of the challenge was how “we think of profit and face up to challenges of the emerging knowledge economy”.

He examined the role of profit and governance in economic activity.

He also spoke of financial challenges involved in profiting from resources, which meant extracting benefits from resources without damaging or destroying the resources while passing it on to the next generation.

Speaking about the complex and controversial process of globalisation, which had brought about growth, he also spoke of sudden systemic shocks in business and politics, which were part of globalisation.

Other prominent keynote speakers included Geet Sethi, World Professional Billiards Champion; Srikant M. Datar, professor, Harvard Business School; and Rafiq Gangjee, Dharma Productions.

The conference is being attended by around 250 delegates including professors, researchers, doctoral students, industry professionals and alumni of various IIMs.

Twenty-nine paper presentations by leading research scholars from India and abroad and 12 poster sessions by Ph.D. scholars will be the highlight of the two-day conference.

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