Hyderabad|India|December'2011: The three day 5th National
Conference is being held at the Vignana Jyothi Institute of Management,
Hyderabad, on India’s economic growth, probably could not have been timed
better with the Rupee sliding to record low. Under pressure from the
global financial uncertainty and weak domestic economic data the Indian
Rupees fate is yet to be ascertained, raising serious concerns and
speculations. Though the continuing slide has finally forced RBI to
intervene but the quantum of intervention is still unknown.
With the Finance Minister Pranab Mukherjee blaming the “huge capital
outflow” as a reason for the recent slide in rupee, the pertinent question
is. What is the way out? Is Manufacturing a Prime Driver?
As a recent debate in The Economist, suggest that 76% participants felt
that an economy cannot succeed without a big manufacturing base. Yet as
current studies indicate the Indian manufacturing sector is growing at a
dismal rate when compared to China though the resources available and
factors involved doesn’t have significant difference when compared to
absolute terms.So what is actually stopping India from becoming a globally
competitive nation? Is it the indirect tax or the weak support
infrastructure? Or is it the policies ®ulations?
The above and whole lot of issues constraining India’s growth is being
deliberated and thrashed to thread-bare in this conference, by eminent
speakers, policy makers & researchers from the Industry and the academia.
Prof. Durga Prasad, faculty and Dean, VJIM is upbeat about the whole thing
and said, “The current surge in manufacturing sectorsin the national
economic space is witnessing a wave of growth and is a great opportunity
for India Inc. to take advantage of this shift. As a nation we are not
just good in the services sector but have great manufacturing & product
management skill sets”.
Few of the eminent business leaders of Hyderabad like Anantha Reddy Ch, -
MD, Pennar Industries; KoteswarRao - CEO, Cluster Pulse; Mysalah K – GM
(Production) BHEL; Venugopal N – VP Reliance Power; Sai Kumar MV – Dir-HR
Dr. Reddy’s Lab; Venu Madhav – Design Engineer - Coca Cola, Atlanta
attended the conference to brainstorm. Ravi Kumar J CFO – L&T Metro Hyd
Ltd shall grace the valedictory session alongwith Prof. SubbaRao AV from
University of Ottawa, Canada. The Conference will conclude on Saturday.
The lush green sprawling campus and the architectural splendor of the
institute is a perfect setup for the winter conference. Founded in 1993,
VJIM has been consistently listed among the top B-Schools of India. Known
for value based education system and industry driven curriculum supported
by dedicated governing body members and initiatives like this once again
establishes the exemplary role the institute plays in issues affecting the
industry and the nation.
-Dec
2011
