Financial Daily from THE HINDU group of publications
Wednesday, Mar 30, 2005
Financial Daily from THE HINDU group of publications Wednesday, Mar 30, 2005 |
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Industry & Economy
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Human Resources `India's USP is delivering lowest cost per innovation' Our Bureau
Bangalore , March 29 IF his intention was to evoke patriotism and a sense of pride amongst the young IIM-Bangalore graduates, Mr Anand Mahindra, Vice-Chairman and Managing Director, Mahindra and Mahindra Ltd, certainly succeeded. Delivering the convocation address at the 30th annual convocation of the Indian Institute of Management, Bangalore, Mr Anand Mahindra, urged graduating students to "create a model of capitalism with compassion and investment with inclusiveness." He advised students to strap on an anti-gravity belt that had three buttons: one to deactivate their failure protection mechanisms, the second to activate their secret weapons (brahmastra) and the third to activate self-belief. In his opinion, India's USP is neither low cost nor the advantage of English language skills, but in delivering the lowest cost per innovation. Quoting the example of how Mahindra's R&D team created Scorpio, he said, "We developed it at a cost of $120 million when the US would have done it at $600 million." Terming IIM-B as the "one of the best business schools in the world," this Harvard graduate urged the graduating batch of 2005 to "defy gravity and soar high". "You are the first generation of Indians to be totally free. You are graduating when India is winning its second freedom struggle," he said. At the convocation today, four students were conferred the title of Fellow of IIM-B, 192 students were presented with the Post-Graduate Diploma in Management, 54 students were awarded the PG Diploma in Software Enterprise Management and 28 participants were conferred the PG Diploma in Public Policy.
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