CHENNAI: Ashok Leyland Managing Director R. Seshasayee has called for creating large clusters based on knowledge and intellectual property rights that will encourage pre-competitive collaboration and increase the availability of resources for sustainable growth.
In his address at the session on “Clustering for Sustainable Growth” at Connect 2007, a premier information, communication and technology event promoted by the CII and the Tamil Nadu government, he said that evolving a strategic vision for each industry, identifying and promoting select sectors and building large enterprises based on knowledge and intellectual property rights were key to creating an inclusive and sustainable eco-system.
Cognizant vice-chairman Lakshmi Narayanan said though commodity and capital were freely available, talent was scarce. As the returns on knowledge were far more than those of capital, organisations were increasingly focusing on the profit per employee to have a sustainable competitive advantage. He urged the industry to focus on creating IPR and entrepreneurship to take the growth to the next level.
Connect 2007 chairman S. Mahalingam said new technologies were creating an opportunity to move beyond automation to societal transformation. CII (Southern Region) chairman P. K. Mohapatra called for a re-look at the business models of yesteryears to sustain growth in the information technology, telecom and other fast growing sectors. The government was planning to create finishing schools in select institutions for students belonging to the less privileged communities and was set to create 10,000 community service centres, CII State Council chairman Gopal Srinivasan said.