Bhopal Chapter of Indian Institution of Industrial Engineering in association with Bansal Institute of Science and Technology (BIST), organised a national conference on industrial engineering on Saturday. SN Daga, chairman of organising committee said the chosen theme of the conference was very relevant in present scenario of economic slowdown, persistent high inflation, and constraint of capital etc.
The guest of honour on the occasion Kishore Puruswani, GM (Hydro) BHEl, stated that public sector was still the backbone of our economy and added that investment in power utilities, infrastructure, modernisation of manufacturing were key to economic revival and policy initiatives for land acquisitions, environmental clearances, skill development, labour laws etc were essential for timely project completion.
Inaugurating the conference, Bansal, secretary, BGI said that strategy for investment was unique for each business sector and the individual. He added that the surplus generated should be saved to take care of the changes in business cycle instead of diverting to reckless consumerism leading to degradation of quality of living. For investment, government policy and action should be consistent and promoting investor’s confidence. Economic revival will also require skilled /qualified manpower wherin institutions play a vital role. Assessment of state of our economy can not be fully defined by external rating agencies.
Key note address were delivered by three eminent economist — AS Khalsa Group Director, Institute of Professional Education and Research (IPER- Bhopal), RS Tiwari, Director, Bansal MBA college and PK Biswas ,Director lal Bahadur Shastry Institute of Management, New Delhi.