NICOM Concludes Today

The 15th Nirma International Conference on Management (NICOM) concluded today at the Institute of Management, Nirma University.

On the final day, Dr. Dinesh Awasthi, Director, Entrepreneurship Development Institute of India, Gandhinagar, was the speaker for the fourth plenary session of the event. He stressed on the importance of an entrepreneur and remarked, ”Which are the resource rich regions of the world? Latin America, Africa, East Asia etc. Which are the poorest? Again, Latin America, Africa, East Asia etc….On the other hand, the rich countries like Japan and Korea, have been able to develop in spite of sheer lack of natural resources. Why is it possible? (It’s because) they have Human Resource.” He added, “Entrepreneurs are the cause of economic growth. If a country aims for economic progress, it has to focus on entrepreneurship.”

For the valedictory session, the Chief Guest was Mr. Ramakant Jha, Director, Gujarat International Finance Tec-City Co. Ltd., Gandhinagar and the Guest of Honour was Prof. Shreekant Sambrani, Founder Director, Institute of Rural Management, Anand.

Mr. Ramakant Jha said the the reason for recession is “a result of psychological disorder of people in country”. He said that to tackle recession, we need to increase spending in infrastructure, push exports, raise finances for projects and increase manufacturing. As a solution, he suggested investment in mega-projects such as Delhi-Mumbai Industrial Corridor, IGI Airport, Delhi etc. and said, “By mega-projects, recovery can be accelerated”. He made his point through a case study of Gujarat International Finance Tec-City (GIFT), which is a mega-project.

Prof. Shreekant Sambrani commented on the current slowdown in the country and said that “if things continue like this, then in BRIC, India may be replaced by Indonesia”. He said that India’s projected growth rate of 10% per annum which was expected to have made India the second largest economy soon is unrealistic in the current scenario. He added that in the period from 2001 to 2010, the gains of the previous 100 years have wiped out due to commodity inflation. Talking about dismal food security in India, he said that India has a worse hunger situation than the countries like Sudan and Zimbabwe. He suggested, “Though schemes like NREGA could give additional purchasing power, real improvement will occur only when we move people away from agriculture.” He concluded, “Let us not reserve our ingenuity for times of crisis, let’s be ingenious even in normal times, and we wouldn’t see any crisis”.

Overall out of the 400 abstracts and 200 full papers received, around 130 papers were selected after careful scrutiny, which were presented by national and foreign delegates. These were presented in 30 concurrent sessions held across three days. Around 112 papers were published in three books which provided students valuable insights on how to grow sustainably during turbulent times.

(Content courtesy: Mahima Singhal)

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