39th National Management Convention

Maharashtra CM Prithviraj Chavan inaugurates AIMA’s 39th National Management Convention

Mumbai, September 25, 2012: Maharashtra Chief Minister Mr. Prithviraj Chavan inaugurated AIMA's 39th National Management Convention today. The theme of the Convention is 'Rethinking the Enterprise: Igniting Growth with Responsibility'. The conference is Mr. N Chandrasekaran, MD & CEO, Tata Consultancy Services.

Speaking on the occasion, Mr Chavan emphasized the need to redefine the relationship between governance and industry to push growth. He said, "The industry has to factor in the fractured policy in its growth strategies," he said. He highlighted the Government of India's steps to boost business confidence despite political challenges. "We cannot let go of the moment. We cannot let it become a crisis like that of two decades ago," he said. He assured that more reforms will be announced soon.

Mr Chavan argued that India cannot become a great economy by relying on its natural resources, which are scarce. "India has to be a knowledge economy to have sustainable high economic growth," he said. He warned that until Indian companies became innovators and created original products for global markets, India will only provide labour to the international markets, including the management and engineering labour. "India companies need to hire more PhDs," he said.

Mr. Kamal Nath, Minister for Urban Development & Poverty Alleviation, addressed a special session on the theme 'The New Growth Paradigm for Indian Enterprises'. He attributed the present pessimism about India economy to high expectations. "We've developed a psyche that when it is not boom, it is doom," he remarked.

Mr Nath argued that India needed more reforms in the processes and governance than in specific sectors such as retail or insurance. "The government needs industry and think tanks like AIMA to suggest such reforms that can help speedy execution of policies and projects," he said.

Talking about land acquisition and tax reforms, Mr Nath said that implementation of reforms was in the hands of the states and they needed to come on board to accelerate the country's economic growth.

Mr Chavan also drew attention to the lopsided economic development of the state. He poined out the only five districts of the state contributed 75 per cent of its GDP. "Unbalanced growth in the country, in the state and in the districts is creating migration pressure on limited land and water resources of the few growth centres," he said.

Mr Chavan also presented the AIMA Managing India Award for The Multinational of the Year in India to Microsoft India. He handed over the award to the company's Chairman, Mr Bhaskar Pramanik.

Tata Consultancy Services' MD & CEO, Mr Chandrasekaran delivered the theme address. He said that growth was an attitude and Indian enterprises needed to look at the growth deceleration with a different attitude instead of worrying about negativity in the environment. "The challenge is to be relevant to the market whether the environment is good or bad," he said

Commenting on the recent economic reforms, Mr Chandrasekaran said that while it is important to have the right policy framework, not all reforms need to be big. "The most important thing is to create an atmosphere of confidence," he argued.

Earlier, Mr. Rajiv Vastupal, President, AIMA announced the launch of AIMA's Centre for Skill Development and Training (CSDK). The new Centre will focus on improving employability of management students and productivity of young managers.

AIMA awarded Honorary Life Fellowship to Mr. Sanjiv Goenka, Chairman, RP-Sanjiv Goenka Group during the session. Honorary Fellowships were awarded to Mr. N Chandrasekaran, Convention Chairman & MD & CEO, Tata Consultancy Services and Mr. Sudhir Vasudeva, CMD, ONGC.

The session on "Reigniting growth: The new growth paradigm for an Indian enterprise" was chaired by Mr. N Chandrasekaran, Convention Chairman & MD & CEO, Tata Consultancy Services. The session witnessed

Many iconic CEOs and eminent management experts are participating in the Convention. They include Mr. Sanjiv Goenka, Chairman, RP-Sanjiv Goenka Group; Mr. Rajiv Bajaj, Managing Director, Bajaj Auto; Mr. Shivinder Singh, Vice Chairman, Fortis Healthcare; Mr. Aditya Ghosh, President, Indigo Airlines; Mr. Rajiv Kaul, Chairman, NICCO Corporation to name a few.

At the end of the Convention, AIMA will collate the key insights and ideas presented by the eminent speakers and convert those into recommendations to the Government of India.

The champion teams of AIMA's management contests for young managers and management students will be presented their awards at the NMC.

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