Press Releases

AIMA's 64th Foundation Day

21 Feb 2020

Make India the greatest economy in the world in this generation - Piyush Goyal

AIMA felicitates S Ramadorai, Harish Bhat, R S Sodhi

21 February 2020, New Delhi

Piyush Goyal, Minister of Railways and Commerce and Industry exhorted India’s business leaders to turn industry and professional organizations into nation builders. If AIMA and other industry organizations join their efforts, India’s business ecosystem can be transformed, he said while addressing a gathering of management leaders at 64th Foundation Day ceremony of All India Management Association (AIMA), which is also known as the National Management Day.

“We can make India a superpower or the world’s greatest economy it once was in this generation and leave a great country for the next generation,” the Minister said.

Goyal said that the industry and professional organizations have a role in nation building. He referred to the barrage of representations from the industry when custom duty was raised on toys. He wanted to know where was Indian industry when Indian toy makers allowed the local market to be taken over by foreign companies instead of improving local standards. “Industry associations are not there just to approach the government when there is trouble,” he said.

Goyal also explained the choice of $5 trillion target for Indian economy. He said that economic history shows that when a country reaches a per capita income of $3500-$4500, it gains great economic momentum. “The $5 trillion target given by the Prime Minister has done a great service to the nation by giving us a common goal which we must achieve,” he said.

The Minister also sought help of India’s working and retired managers in implementing the government’s schemes in villages. The Minister has asked AIMA to take on the task of connecting retired managers to Indian Industry specially start-ups and MSMEs. He said that the last mile delivery of public services is a challenge and managers could adopt their villages to transform those.

The minister presented AIMA Life Time Achievement in Management Award to S Ramadorai, former CEO of Tata Consultancy Services (TCS) and ex-Chairman National Skills Development Corporation (NSDC).

Ramadorai said that he had drawn inspiration from values and ethos of the Tata Group during the after his corporate career. “By giving back to the society, one evolves as a person and as a society being,” he said.

Amul (Gujarat Co-operative Milk Marketing Federation) Managing Director, R S Sodhi received the AIMA Public Service Excellence Award for his work in expanding the network of Gujarat’s milk cooperatives and increasing farmers’ incomes.

Sodhi thanked the 3.6 million milk producers of Gujarat for giving opportunity to managers like him and he credited Dr Verghese Kurien for mentoring him and providing livelihood to millions of have-nots. “Amul is a business model for the developing world,” he said.

Harish Bhat, Brand Custodian, Tata Sons, was felicitated for management writing. He received the AIMA-Dr Ram Tarneja Award for Best Article in ‘Indian Management’ journal.

Bhat said that stories need to be told about India’s legendary managers and leaders and he was trying to do that.

The minister also presented the AIMA-Dr J S Juneja Award for Creativity and Innovation in MSME to Lucknow-based lab equipment exporter, Microlit. He also released a book on the occasion - ‘Innovation: Key to Success for Enterprises’. He appreciated AIMA’s focus on promoting sound management in MSMEs as those were critical to the large enterprises and the economy as a whole.

AIMA President Sanjay Kirloskar pointed out that Indian management was facing twin challenges of technological disruption and economic slowdown. He said that AIMA was there to help Indian enterprises deal with these challenges through new management ideas and practices. He also appreciated the government’s efforts to revive the economy with a substantial stimulus package.

AIMA Senior Vice President Harsh Pati Singhania appreciated the awardees for setting great examples of ethical success. He assured the Minister that AIMA was committed to nation building and it was helping Indian management adjust to the dramatic changes in business environment.

AIMA’s Foundation Day was celebrated all over India by local management associations.

The All India Management Association (AIMA) is the apex body for management in India with over 37000 members and close to 6000 corporate /institutional members through 68 Local Management Associations affiliated to it. AIMA was formed over 60 years ago and is a non-lobbying, not for profit organisation, working closely with industry, Government, academia and students, to further the cause of the management profession in India.

AIMA makes a salutary contribution to management learning and practice in the country by offering various services in the areas of testing, distance education, skill development & training, events & conferences, research, publications, executive education and management development programmes.

The association is represented on a number of policy making bodies of the Government of India and national associations including All India Council for Technical Education (AICTE), which is the apex regulatory body for professional education in the country under the Ministry of Human Resource Development; National Board of Accreditation (NBA); Association of Indian Management Schools, Hyderabad; National Productivity Council, New Delhi.

AIMA also brings to the Indian managers, the best management practices and techniques through numerous foreign collaborations with professional bodies and institutions. AIMA is an important and long-time member of the Asian Association of Management Organisations (AAMO), which promotes professional management in the Asia Pacific region. India (AIMA) took over the Presidency of AAMO in 2019 and will hold the AAMO Secretariat for the next three years. In addition, AIMA has developed close associations with several leading international Universities and Institutions including Imperial College, University of Berkeley, California, St Gallen Symposium, Horasis, The World Bank, etc, to name a few.

Submit Enquiry