India is a favoured destination for business- Need to better our education system

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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