The Hindu Business Line : Mr K. Premanathan, Managing Director, Anand Engineering Products Pvt. Ltd; St.Joseph’s Institute of Management

Industry & Economy - Education
States - Tamil Nadu
Columns - BL Club
Mr K. Premanathan, Managing Director, Anand Engineering Products Pvt. Ltd; St.Joseph’s Institute of Management

– M. Moorthy

Mr K. Premanathan, Managing Director, Anand Engineering Products Pvt. Ltd speaking at the St.Joseph’s Institute of Management Business Line Club in Tiruchi.

Our Bureau

Chennai, April 1 With increasing domestic consumption and employable workforce, supported by the stimulus packages extended by the Government, our economy will bounce back to post a healthy 8-10 per cent growth very soon, said Mr K. Premanathan, Managing Director, Anand Engineering Products Pvt Ltd, Tiruchi.

He addressed the students of St. Joseph’s Institute of Management Studies, Tiruchi, at a seminar on Current State of the Economy and the Way Forward, organised by the college under the aegis of Business Line Club.

Explaining the students how it all started in the US and followed by Europe, he said the current meltdown has not affected India as it did any other part of the world.

India is relatively safer and its economy is facing only a slowdown and not a severe recession. “Thanks to our robust banking system, our GDP is still growing, though at a slower pace of 6 per cent,” he said.

He also explained how it hit our major industries and other related industries as its cascading effect.

Lauding the current education system, he also urged the students to keep themselves abreast of what’s happening around them.

Rev. Dr. Antony A Pappuraj. Director, St. Joseph’s Institute of Management Studies was also present at the event.

More Stories on : Education | Tamil Nadu | BL Club

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page