Industry & Economy
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Budget
ISB dons give thumbs up
Our Bureau
Hyderabad
,
March 1
THE Indian School of Business (ISB) is excited about some of the initiatives announced by the Finance Minister.
Professor M. R. Rao, Dean, Indian School of Business, said, "I am very happy to see the Finance Minister's initiative in proposing the Manufacturing Competitiveness Programme. It is indeed timely and encouraging."
"We are setting up a new centre of excellence — the Centre for Manufacturing, Logistics and Supply Chain Management, and have initiated research in collaboration with other international institutions to study the emergence of the Indian manufacturing sector as a competitive force," he said.
Professor Rao said the proposal for setting up the National Institute of Securities Market is a welcome step and would help promote research and bring in transparency in the Indian capital market. He added that the special fund allocation to the Indian Institute of Science (IISc) to make it a world class university is an excellent idea and that it should be done without curtailing the institution's autonomy.
Mr Mudit Kapoor, Assistant Professor of Business, ISB, remarked, "The Government's thrust on increasing the role of micro-finance is laudable. Opening up external commercial borrowing for NGOs; enhancing the crop insurance scheme; and micro-credit facilities are a sure way of reaching out to the rural poor both in terms of availability of funds and in reaching the target group."
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