The Hindu Business Line : ‘Students should develop spirit of innovation’

Patent lag: Mr Jagannathan Vaman, Chief Executive Officer, Altrion Technologies Pvt Ltd, addressing the students of the Dhanalakshmi College of Engineering as part of the BL Club lecture series. Also seen on the dais are (from left) Prof P. Parthiban from the MBA Department, Dr Murugesh Kumar, Principal, Ms K.S. Roopa, Secretary of the college, and Dr Duraiswamy, Vice-Prinicpal.

Our Bureau

Chennai, Feb. 27 Though Indian industry has made rapid strides in the past few years there is a lack of original, innovative work being done in the country, said Mr Jagannathan Vaman, Chief Executive Officer, Altrion Technologies Pvt Ltd, a tech solutions company headquartered in the city.

The lack of innovation could be gauged from the fact that about 60 per cent of the patents come from the Western world. And the irony was that a number of Indians were involved in research and development projects abroad that helped develop these new products.

Mr Vaman was addressing the students of the Dhanalakshmi College of Engineering as part of the BL Club lecture series. According to him, in India, there was hardly any incentive to innovate. “We should foster the spirit of innovation right from our days in college,” he said.

As a professional, one could develop new innovations or add on innovations to existing products and services so as to make these products and services more useful and of some commercial value.

He urged the students to contribute to change. They were lucky to be part of the new emerging India.

In a fast-changing environment, the very nature of organisations and universities was changing. In the future, such institutions would provide their employees and students the appropriate environment to study and engage in research and development that could help convert ideas to products.

A clear point of view, dramatically different ideas, clients game for new ideas and an appetite for change were some of the qualities that could encourage innovation, he said.

Urging the students to bring commitment and passion to all that they did, he said a job could not be considered complete until it was implemented fully. He also called on the students to develop diverse talents.

Today, CEOs were often designated as CXOs or Chief Experience Officers, he said, underlining the need for employees to be passionate about what they did. Further, they should be enthusiastic workers who could trigger a crusade in their workplaces.

For students who were keen to become entrepreneurs, he underlined the need to expand the scope of their work and to strive for causes that were much larger in scope than a mere business.

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