The Hindu Business Line : ‘India should focus more on human development’

Chennai, April 30 More attention needs to be paid to developing human resources here as India lags behind many countries in the world on the human development front, Mr N. Ram, Editor-in-Chief, The Hindu Group of Publications, said in his address at the convocation ceremony of the Great Lakes Institute of Management.

There are a number of people in the country living below dollar-a-day income and efforts should be directed at improving the situation, he said.

Talking about the strides India has made on the education front, he said though there are certain deficits to be overcome, “The management education movement has made an impressive progress in this country”. He also pointed out that clarity in vision and purpose, good curriculum, faculties, judicial admission policy, good infrastructure, linkages with industry and knowledge sector, and involvement of students and faculty are key points to make an institution a great one.

Delivering his valedictory address, Mr B. Ramalinga Raju, Founder and Chairman of Satyam Computer Services, said students must put passion and ambition before intellect. “What you know today may be outdated tomorrow,” he said. As change is alone constant, success depends on how one manages and copes with change.

Earlier, welcoming the gathering, Mr Bala V. Balachandran, founder of Great Lakes Institute of Management, attributed the success of the institute to its faculty. He said, the institute, in order to offer more seats to Indian students, has decided to restrict intake of foreign students to 10 per cent from the next year. He also mentioned that the fourth batch of Great Lakes Institute of Management saw 100 per cent placement.

A total of 165 students passed out this year in both Post Graduate Programme in Management and Executive MBA programme.

The institute has received 3,000 applications for the next batch.

The institute is also likely to move into its new premises soon. Great Lakes is putting up a new campus on an 18-acre plot near Mahabalipuram on East Coast Road at an investment of around Rs 75 crore. The new campus will have boarding facilities and can accommodate 300 students.

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