India is a
favoured destination for business- Need to better our
Bangalore, December 17th 2010: The call from
academicians and from cross section of corporate India was
loud and clear at IFIM Business School’s 3rd International
conference on ‘Doing business in India- Opportunities and
Challenges.’ They were of the collective opinion that
India as a nation has globally become a favourite
destination for business and we need to exhort excellence
in our educational framework to capitalize on this.
The conference, sponsored by Apple, SAP labs and HP saw
over 75 papers being presented in the field of general
management, economics, finance, HR, marketing, IT,
corporate social responsibility & business ethics. The
participants included academicians and members from the
corporate world from India, USA, UK, Germany, Iran, New
Zealand & Czech Republic.
The participants were witness to stimulating talks by Mr.
N.R. Shetty, Chairman, National Advisory Committee on
Entrepreneurship Development Cell, Dept. of Science &
Technology, Government of India and by Mr. Shachindra Nath,
Group CEO, Religare Enterprises Limited.
Mr. Shachindra Nath emphasized on India being the 3rd most
preferred nation in the world to attract capital inflow,
according to a World Bank report. He said, “The shift
towards India is slow but steady. At a time when the
developed countries went in to depression, our GDP growth
remained steady at 7%-8%. Huge business opportunities
beckon the country and we must make the most out of it by
providing a quality talent pool that can stand up to the
expectations of an international client. To do this, we
need to strengthen our education system and ensure that
the demand for exceptional talent is met.”
The conference also witnessed an intriguing session by the
co-founder of Janagraha, Ms. Swati Ramanathan. She said,
“The challenges which Urban India has are enormous. It is
up to an individual as citizens to facilitate solutions
for these challenges. When this is done, we will
automatically become a great destination to do business
in. We have to make sure that India witnesses sustainable
development through the participation of people.”
The conference concluded with cash prizes being awarded to
3 best papers presented at the conference.
- The first prize of Rs. 10,000 was awarded to Mr.
Dhrman Needhi, VP and Research Scholar at XLRI,
Jamshedpur for his paper on “Doing business in
India: Skill gap dimension”.
- The second prize of Rs. 5,000 was awarded to Ms.
Fabienne Fel from Europe for her paper on
“Opportunities and risks of offshoring strategies in
India: Experience from 10 French firms.”
- The third prize of Rs. 2,500 was awarded to
Prof. Sonia Mehrotra and Prof. Reeta Dinesh, MOP
Vaishnav college, Chennai for co-authoring the paper
on ‘A study on the challenges and opportunities for
new breed of Indian quick service restaurants.
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