The Hindu Business Line : ‘Students should upgrade skills in tune with biz trends’

Putting it across: Mr Arvind Pinto, Commissioner of Income-Tax, Coimbatore, addressing a Business Line Club meeting at the Dr G.R. Damodaran Institute of Management.

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Coimbatore, Oct 23 India has emerged as an important player in the world today and Indian companies are on a buying spree abroad, according to Mr Arvind Pinto, Commissioner of Income-Tax, Coimbatore.

There is a constant need for students to upgrade their skill to be in tune with emerging business trends and they should master the areas of their work, he said.

economic growth

Inaugurating the Business Line Club and the MBA Association-CORP EX activities of Dr G.R. Damodaran Institute of Management (GRDIM) of Dr G.R. Damodaran College of Science, Coimbatore, he said with the opening up of the Indian economy in the 1990s along with the flow of foreign funds into India, the country has witnessed a phenomenal economic growth.

While the economy has been recording a 9 per cent growth annually, the stock market has been booming and Indian companies are on the lookout for professional managers to remain globally competitive. Indian companies were on the prowl to buy companies abroad and the Indian scientists and engineers were in the vanguard of technology of companies not only within India but also outside too. “These are truly good times for India. India is today not a poor disregarded country but an important player on the world stage. Mr Pinto said that change was the order of the day in business and commerce and ‘companies that were blue chips once are no longer so’.

He said ‘today the technology companies that were the darling of the stock markets, are, in the era of rupee appreciation, no longer considered the best buys’. To be able to prove themselves in the world of business, students need to keep abreast with the times. If the companies were to keep pace with the fast developing world, there was need for change both in attitude and knowledge of managers.

He said many of the skills taught in educational institutions might not be sufficient to equip students to deal with all the situations they may face in the workplace which necessitated the constant need to upgrade one’s skills. As one rose in the hierarchy, there was a need to learn new skills and students should master the areas of their work for which they should work hard during early stages of their career.

He highlighted the need for communication skills and said in many organisations most of the problems were due to `barriers of communication that existed between management and the workforce’.

Ms Geetha Padmanaban, Secretary, Dr G.R.Damodaran College of Science, Dr K. Nanthini, Director, GRDIM, and Mr D. Rajkumar, Assistant Regional General Manager, The Hindu, Coimbatore were present at the function.

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