India has emerged as an attractive destination for global Investors, says Vice President M Venkaiah Naidu

RSTV Bureau
Vice President M Venkaiah Naidu at the Convocation of the Great Lakes Institute of Management, in Chennai.

Vice President M Venkaiah Naidu at the Convocation of the Great Lakes Institute of Management, in Chennai.

Vice President M Venkaiah Naidu has called upon Indian management institutions to adopt globally accepted teaching practices, methodologies and curriculum to ensure that our students are duly recognized in the global job market.

Delivering the convocation address at the Great Lake Institute of Management at Chennai on Tuesday, Vice President Naidu said that said Indian institutions have to adopt globally accepted benchmarks to achieve global prominence and align with other management institutions.

He said the Indian Institutes should capitalize on the opportunities offered by the academic exchange agreements and partner with prominent global institutions. “Such academic alliances with institutions of international repute, are a great way to provide a learning experience to students”, he added.

He told the youngsters that they were joining India’s growth story at a very exciting juncture.“Today India is one of the world’s fastest-growing economies. We are poised to become a US $ 5 Trillion economy in the next few years”, he said and added that India has emerged as an attractive destination for global investors and has become the second largest global hub for Start-Ups.

Pointing out that the 4th industrial revolution was driven by rapidly changing technology, Vice President Naidu told the graduating students that as managers they will be required to manage technology-driven changes in industrial processes and practices.“Every change is potentially disruptive. You have to control and manage this disruption. So equip yourself with knowledge and upgrade your skills continuously”, the Vice President added.

Vice President Naidu said today’s millennial population was ambitious and adventurous. They seek out challenges. They experiment with disruptive ideas and innovations. “Sustaining this culture of innovation and enterprise in a fast-changing technological environment is a challenge for management education. Up-skilling, re-skilling, learning and adopting the best practices are key elements for individual growth”, he added.

Referring to the impressive academic achievements of brilliant young students in their Class 12 exams, the Vice President said, “as we rejoice their achievements, it is our onerous responsibility to provide them with best and affordable higher education of global standards which will provide them opportunities to enter the global job market”.