Prime Minister Narendra Modi on Saturday urged the students of Indian Institutes of Management (IIMs) to work towards turning local into global and to come up with ways to this end. Laying the foundation stone of the permanent campus of IIM Sambalpur, Modi said that the talent pool of IIMs could help in turning India ‘atmanirbhar’.
“To turn local into global, students of IIM need to come up with new ways. The country had 13 IIMs in 2014. Now it has 20 IIMs. This huge talent pool will help the vision for a self-reliant India,” Modi said after laying the foundation stone for IIM-Sambalpur in Odisha.
Modi also asked the student to research the way Covid crisis was handled in India with innovation and collaboration at such a big scale. He asked them to study how capacity and capability was expanded in such a short time. He expressed happiness that the country is coming out of the short-term approach of problem solving and how the focus now is on long term solutions.
“It is our responsibility to get ‘brand India’ global recognition. Those who will be part of this institution need to encourage development and focus on inclusivity of all,” Modi added.
“This decade will be devoted to the development of new multinational corporations in India. Today’s startups are tomorrow’s MNCs. These are largely growing in Tier 2 and Tier 3 cities. These startups need able managers and those passing out of these institutions will lead the way” Modi said.
Odisha Chief Minister Naveen Patnaik, Governor Ganeshi Lal and Union ministers Ramesh Pokhriyal Nishank, Dharmendra Pradhan and Pratap Chandra Sarangi also graced the occasion.
“Education in Odisha is witnessing a rapid transition. I am happy that our state continues its dominance in education sector and has emerged as the education hub of Eastern India,” said Patnaik at the virtual event.
Earlier the Prime Minister said that the permanent campus of the IIM Sambalpur will not only showcase the culture and resources of Odisha but will also give Odisha a global recognition in the field of management.
The Prime Minister talked about the new management challenges in the light of new technologies like additive printing, changing production techniques, logistics, and supply chain management.
These technologies coupled with digital connectivity, and work from anywhere concept have turned the world into a global village. India has undertaken rapid reforms in recent months and has tried not only to keep pace with the changes but also tried to anticipate and surpass them, Modi added.
The Prime Minister said that the changing work styles are impacting demands on management skills and top-down or top-heavy management skills are being replaced by collaborative, innovative and transformative management. With bots and algorithms in picture, technological management is equally important as human management.