Vinod Rai, Chairman of Bank Boards Bureau and former CAG of India, on Saturday said the country was yet to have globally accepted patents to showcase our industrial or manufacturing capabilities.
He was delivering the convocation address at the 18th convocation ceremony of the Indian Institute of Management-Kozhikode.“The Indian economy was displaying excellent signs of growth, buoyancy and remarkable resilience. But despite the attempts to achieve double digit growth in GDP, we are still sliding back to six per cent. It is not enough to be a country having the fourth largest number of billionaires in the world. We hardly have any globally accepted patents to showcase our industrial or manufacturing muscle,” he said.
He urged the students to practise ethical management and leadership. He said the students should become the agents of change to build a robust economy with a good framework for corporate governance and excellence.
ADVERTISEMENT
The grand ceremony organised on the IIM-K campus saw 625 students receiving their graduation certificates. As many as 358 students were awarded Postgraduate Diploma in Management. In addition, 97 students from the first batch of Executive Post Graduate Programme (EPGP) from IIM-K’s Satellite Campus in Kochi, 167 students from EPGP Kozhikode campus and three students of the Fellow Programme in Management (FPM) were also awarded diplomas and fellow titles respectively.
IIMK LIVE
IIM-K Director in-charge Kulbhushan Balooni announced the approval of the Department of Science and Technology of the Union government to set up a Technology Business Incubator with a grant of Rs.3 crore. It will be registered as IIMK LIVE – Laboratory for Innovation, Venturing and Entrepreneurship.
ADVERTISEMENT
He emphasised the need for a healthy alumni support to boost the institute’s research activities and launched Kasebook, the state-of-the-art alumni website of the institute. Chairman of Board of Governors of IIMK A.C. Muthiah and other faculty members were present.