Mumbai: The ministry of railways has taken some initiatives to help its staff continue their education and to encourage the spirit of innovation.
“The railways proposes to set up an Innovations Incubation Centre to harness the ideas generated from the staff and convert them into practical solutions to increase efficiency of the railways,” said minister Sadananda Gowda.
This is akin to the concept of incubation centres in engineering and management schools, where students’ business and project ideas are mentored by professors and visiting industry officials, to determine viability and ability to be transformed into a successful venture.
“The railways’ workforce, due to its sheer number, is a gold-mine of ideas. If there is a professional platform to analyse their ideas and convert them into solutions, it could lead to newer innovations in our railway systems. However, there should be a proper mix of internal and external mentors to harness their ideas,” said the head of the entrepreneurship and incubation cell at an Indian Institute of Technology. Further, Gowda said these innovations, which result in cost saving and revenue generation, will be rewarded.
As part of this exercise, it is also proposed to set up summer internships for the undergraduates of engineering and management studies. Students can intern at any of the various units of the railways - division, railway public-sector units and production units. The Indian Railways is one of the largest employers in India with more than 1.36 million employees selected through a competitive examination.
According to placement officials of business schools, it would be an enriching experience for students to intern with the Railways.
“Although we don’t know how many students would be given an opportunity to intern, this will be a hands-on experience in a very large enterprise and would reflect highly in the student's curriculum vitae in the future," said the chief placement officer of a Mumbai-based business school.
Some placement heads, however, added that students from the top three to five management schools, which are particularly focused on the job-role and pay package, may not be comfortable in a government functioning since it is not explicitly stated whether these students would be given a stipend. However, the dean of a private engineering institute in West Bengal said students in the instrumentation and mechanical fields would find these internships extremely useful from a practical knowledge perspective.
The minister has said that railways is also contemplating on setting up a Railway University for both technical and non-technical subjects. “Indian Railways will tie up with technical institutions for introducing railway-oriented subject for graduation and skill development,” he said. Officials close to the development said the university would provide degree programmes starting this year. Currently, there are several institutes floated by the railway ministry that provide diploma courses.
Staff at the ground level will be sent for short-duration courses of technical and non-technical nature, involving locally-available technical institutions. The exposure for specialised areas such as high-speed, heavy haul operations etc will be undertaken for all level of staff and officers at appropriate institutes in India and abroad.
The ministry has institutes like Indian Railways Institute of Electrical Engineering, Indian Railways Institute of Civil Engineering, and National Academy of Indian Railways for training its officials. The Institute of Rail Transport offers diploma programmes to railway and non-railway professionals in the areas of transport economics and management, logistics management, and rail transport and management.
Success in my Habit
Saturday, July 12, 2014
India, UK to set up Financial Partnership in three months
New Delhi: India and the UK have agreed to launch a UK-India Financial Partnership that will aim to promote closer ties between Mumbai and London as financial centres.
The strategic partnership — to be supported by both the Governments and the respective financial services industries — will be set up over the next three months, according to a joint statement issued by Finance Minister Arun Jaitley and UK Chancellor of the Exchequer George Osborne.
This followed the seventh round of UK-India Economic and Financial Dialogue held here on Tuesday.
In the first year, the deal will cover the following work-streams: collaboration to develop the Indian corporate bond market; mutual sharing of expertise on banking regulation and capitalisation; enhancing financial training and qualification; financial inclusion; (v) and developing a programme around the opportunities to improve cross-border provision of financial and insurance services.
The strategic partnership — to be supported by both the Governments and the respective financial services industries — will be set up over the next three months, according to a joint statement issued by Finance Minister Arun Jaitley and UK Chancellor of the Exchequer George Osborne.
This followed the seventh round of UK-India Economic and Financial Dialogue held here on Tuesday.
In the first year, the deal will cover the following work-streams: collaboration to develop the Indian corporate bond market; mutual sharing of expertise on banking regulation and capitalisation; enhancing financial training and qualification; financial inclusion; (v) and developing a programme around the opportunities to improve cross-border provision of financial and insurance services.
Friday, July 4, 2014
Venture capital investments surge; reflects optimism about India's entrepreneurial ecosystem
Mumbai: Venture capital (VC) investments surged during the first half of 2014, reflecting optimism about India's entrepreneurial ecosystem and the potential of the country's market.
According to data from audit and advisory firm E&Y, investments in early-stage companies and startups rose nearly 40% to 121 deals with the transaction value jumping 66% to $605 million (Rs 3,630 crore), compared with the same period in 2013.
Venture capital investments are at their highest level for the first half since 2010, when $663 million (Rs 3,978 crore) was invested across 51 deals.
"The 15 years I have been involved in India, this is the most healthy venture ecosystem I have ever seen," said Avnish Bajaj of Matrix Partners India, who founded e-commerce venture Baazee in 2000 before becoming a VC in 2006.
He said that factors like a deep consumer market, hungry entrepreneurs and different business models are providing an interesting market for risk capital firms. VC investments in 2014 so far are close to overtaking the entire amount deployed in 2013, when $630 million (Rs 3,780 crore) was ploughed in across 179 deals.
VC investments had reached a high in 2011 when $1.3 billion (Rs 7,800 crore) was invested in 159 deals
According to data from audit and advisory firm E&Y, investments in early-stage companies and startups rose nearly 40% to 121 deals with the transaction value jumping 66% to $605 million (Rs 3,630 crore), compared with the same period in 2013.
Venture capital investments are at their highest level for the first half since 2010, when $663 million (Rs 3,978 crore) was invested across 51 deals.
"The 15 years I have been involved in India, this is the most healthy venture ecosystem I have ever seen," said Avnish Bajaj of Matrix Partners India, who founded e-commerce venture Baazee in 2000 before becoming a VC in 2006.
He said that factors like a deep consumer market, hungry entrepreneurs and different business models are providing an interesting market for risk capital firms. VC investments in 2014 so far are close to overtaking the entire amount deployed in 2013, when $630 million (Rs 3,780 crore) was ploughed in across 179 deals.
VC investments had reached a high in 2011 when $1.3 billion (Rs 7,800 crore) was invested in 159 deals
PMI points to boost in manufacturing
New Delhi: Manufacturing activity rose a four-month high in June, albeit the pick-up was too gradual, shows a widely-tracked HSBC Purchasing Managers’ Index (PMI).
The index rose 51.5 points in June from 51.4 points in the previous month. A reading above 50 denotes expansion while one below 50 implies contraction.
PMI has been slowly picking up pace since April. However, it was nowhere close to 52.5 points in February.
The slow pace suits the Reserve Bank of India (RBI), as otherwise higher growth would push up inflation, said Frederic Neumann, co-head of Asian Economic Research at HSBC.
“The muted pace will suit the RBI: since input and output prices are rising as well, faster growth would only stoke inflation and require tightening,” he said.
Even then, inflation of final products rose to an eight-month high. Also, higher prices paid for metals, plastics, textiles, food and energy led to a further increase in average purchase prices, said Markit Economics, a financial information firm which compiles the PMI data.
Input cost and output price inflation accelerated over the month, although in both cases the rates of increase were below their respective long-run averages, it said.
Markit Economics said greater domestic and foreign demand led companies to increase production levels further.
Buying activity expanded at a faster rate, while employment continued to rise.
The financial information firm said operating conditions improved for the eighth month in succession, although modestly.
Output expanded at the fastest pace since February, with survey respondents indicating that growth reflected the signing of new contracts.
All three broad areas of the manufacturing sector registered higher production volumes, led by consumer goods producers.
The sharpest rise was noted at consumer goods firms, a finding which contradicts the latest official index of industrial production (IIP). Both consumer durables and fast moving consumer goods fell in May IIP.
The June data highlighted a marked and accelerated expansion of new export orders received by Indian manufacturers. Officially, exports grew by double digits in May. If PMI is any indicator, exports may continue their upsurge in June as well.
The index rose 51.5 points in June from 51.4 points in the previous month. A reading above 50 denotes expansion while one below 50 implies contraction.
PMI has been slowly picking up pace since April. However, it was nowhere close to 52.5 points in February.
The slow pace suits the Reserve Bank of India (RBI), as otherwise higher growth would push up inflation, said Frederic Neumann, co-head of Asian Economic Research at HSBC.
“The muted pace will suit the RBI: since input and output prices are rising as well, faster growth would only stoke inflation and require tightening,” he said.
Even then, inflation of final products rose to an eight-month high. Also, higher prices paid for metals, plastics, textiles, food and energy led to a further increase in average purchase prices, said Markit Economics, a financial information firm which compiles the PMI data.
Input cost and output price inflation accelerated over the month, although in both cases the rates of increase were below their respective long-run averages, it said.
Markit Economics said greater domestic and foreign demand led companies to increase production levels further.
Buying activity expanded at a faster rate, while employment continued to rise.
The financial information firm said operating conditions improved for the eighth month in succession, although modestly.
Output expanded at the fastest pace since February, with survey respondents indicating that growth reflected the signing of new contracts.
All three broad areas of the manufacturing sector registered higher production volumes, led by consumer goods producers.
The sharpest rise was noted at consumer goods firms, a finding which contradicts the latest official index of industrial production (IIP). Both consumer durables and fast moving consumer goods fell in May IIP.
The June data highlighted a marked and accelerated expansion of new export orders received by Indian manufacturers. Officially, exports grew by double digits in May. If PMI is any indicator, exports may continue their upsurge in June as well.
France extends €1b for sustainable development projects in India
New Delhi: France plans to extend a €1-billion credit line to India for funding sustainable infrastructure and urban development. This was announced by Laurent Fabius, France’s Minister of Foreign Affairs and International Development, on Tuesday.
The credit line, which is to be available over three years, will be given through the French Development Agency (AFD).
Curbing temperature rise
France is to host the next edition of the World Climate Conference in Paris in 2015. Fabius urged nations to come together and agree on limiting global warming to an average global temperature increase of below two degrees Celsius when they meet in Paris for the conference.
Globally, the attempt is to curb the rise in temperature to under two degrees to reduce the impact of climate change. Studies predict that a global rise in temperature by two degree celsius could lead to a 20 per cent dip in water availability, severely impacting food production and causing other disasters.
Fabius also charted five areas of cooperation between France and India — on carbon-free energy (off-shore wind energy, ocean thermal energy); on civilian nuclear energy; water-management in the context of various projects on rivers in India; urban development; and space and earth observation.
A six-member French delegation led by Fabius met Prakash Javadekar, Minister of State (Independent Charge) for Environment, Forests and Climate Change on Tuesday.
Javadekar suggested that part of the Green Climate Fund could be used to buy technology IPRs, which would help developing countries transition to climate-resilient development, an official release said.
He said the Government’s focus on poverty eradication and providing energy access to all would ensure sustainable, balanced development.
The credit line, which is to be available over three years, will be given through the French Development Agency (AFD).
Curbing temperature rise
France is to host the next edition of the World Climate Conference in Paris in 2015. Fabius urged nations to come together and agree on limiting global warming to an average global temperature increase of below two degrees Celsius when they meet in Paris for the conference.
Globally, the attempt is to curb the rise in temperature to under two degrees to reduce the impact of climate change. Studies predict that a global rise in temperature by two degree celsius could lead to a 20 per cent dip in water availability, severely impacting food production and causing other disasters.
Fabius also charted five areas of cooperation between France and India — on carbon-free energy (off-shore wind energy, ocean thermal energy); on civilian nuclear energy; water-management in the context of various projects on rivers in India; urban development; and space and earth observation.
A six-member French delegation led by Fabius met Prakash Javadekar, Minister of State (Independent Charge) for Environment, Forests and Climate Change on Tuesday.
Javadekar suggested that part of the Green Climate Fund could be used to buy technology IPRs, which would help developing countries transition to climate-resilient development, an official release said.
He said the Government’s focus on poverty eradication and providing energy access to all would ensure sustainable, balanced development.
India, Singapore want economic partnership deal fast-tracked
New Delhi: India and Singapore have asked their negotiators working on the Comprehensive Economic Partnership Agreement (CEPA) to show adequate flexibility to move ahead and have the review completed at the earliest.
This was agreed to at a meeting that the Singapore’s visiting Foreign and Law MinisterK Shanmugam, had with External Affairs Minister Sushma Swaraj here on Tuesday.
“The focus of the discussion was largely economic. Singapore is the source of the largest foreign direct investment into India,” the spokesman of the Ministry of External Affairs said.
Infra projects
The two leaders also had “prolonged and detailed” discussions on the possibility of Singaporean companies participating in infrastructure projects based in the Delhi-Mumbai industrial corridor, the Chennai-Mumbai corridor, in the North East and on the Buddhist circuit.
“The focus was principally on Singapore investments in urban development projects and efficient delivery of urban services,” the spokesman said.
India and Singapore will also exchange state visits as part of the year long 50th anniversary celebrations of establishment of diplomatic relations between them.
Iraq situation
Meanwhile, the Government has purchased tickets for 233 Indians wanting to fly out of Iraq, the spokesman said.
“The most significant numbers are from North India because their tickets are booked for Delhi. After that the largest number is to Hyderabad.
There are a limited number to Kerala and Tamil Nadu but these are in single digits,” the spokesman added.
While about a 1,000 Indians have confirmed to the mobile teams established by the Indian Embassy in Baghdad that they would like to return an almost equal number have indicated that they will remain there, the spokesman said adding that not all Indians have been contacted.
This was agreed to at a meeting that the Singapore’s visiting Foreign and Law MinisterK Shanmugam, had with External Affairs Minister Sushma Swaraj here on Tuesday.
“The focus of the discussion was largely economic. Singapore is the source of the largest foreign direct investment into India,” the spokesman of the Ministry of External Affairs said.
Infra projects
The two leaders also had “prolonged and detailed” discussions on the possibility of Singaporean companies participating in infrastructure projects based in the Delhi-Mumbai industrial corridor, the Chennai-Mumbai corridor, in the North East and on the Buddhist circuit.
“The focus was principally on Singapore investments in urban development projects and efficient delivery of urban services,” the spokesman said.
India and Singapore will also exchange state visits as part of the year long 50th anniversary celebrations of establishment of diplomatic relations between them.
Iraq situation
Meanwhile, the Government has purchased tickets for 233 Indians wanting to fly out of Iraq, the spokesman said.
“The most significant numbers are from North India because their tickets are booked for Delhi. After that the largest number is to Hyderabad.
There are a limited number to Kerala and Tamil Nadu but these are in single digits,” the spokesman added.
While about a 1,000 Indians have confirmed to the mobile teams established by the Indian Embassy in Baghdad that they would like to return an almost equal number have indicated that they will remain there, the spokesman said adding that not all Indians have been contacted.
‘India became an investment destination under Modi’
New Delhi: India has ‘suddenly’ become a promising investment destination for foreign companies looking to do business here, after the new government led by Prime Minister Narendra Modi took over, according to Nitin Nohria, dean of Harvard Business School (HBS).
He was speaking to reporters after delivering leadership lessons to top bureaucrats from power, coal and renewable energy ministries. India-born Nohria imparted lessons on leadership qualities to senior bureaucrats of the rank of joint secretary and above in an interactive session organised by energy minister Piyush Goyal.
“The first Indian dean of HBS flew in to Delhi to give us a sense of what leadership is all about,” said Goyal said after the session. Goyal himself is pursuing an HBS programme, Owner/ President Management, according to his website.
The interactive session lasted for about one-and-a-half hour. Nohria said the country is going through a historic transition in leadership.
“These transitions are important events. We cannot imagine economic development without power and coal. Better leadership inspires others,” he said.
On being asked what he thinks about the business sentiment in India, Nohria said the country has an “amazing moment of opportunity in terms of international business sentiment.”
According to him, people are happy with the clear mandate of the new government. Nohria pointed out that China and Japan have become less attractive for foreign investors - another factor that makes India a promising investment destination.
“But, people will wait for six months to see if the initial excitement translates into direct action. It is guarded optimism,” he said.
The interactive session followed last month’s lecture by author Chetan Bhagat, organised by the ministry for “employees with permanent job with no motivation” with the objective of improving productivity and bringing out new ideas to streamline government processes.
He was speaking to reporters after delivering leadership lessons to top bureaucrats from power, coal and renewable energy ministries. India-born Nohria imparted lessons on leadership qualities to senior bureaucrats of the rank of joint secretary and above in an interactive session organised by energy minister Piyush Goyal.
“The first Indian dean of HBS flew in to Delhi to give us a sense of what leadership is all about,” said Goyal said after the session. Goyal himself is pursuing an HBS programme, Owner/ President Management, according to his website.
The interactive session lasted for about one-and-a-half hour. Nohria said the country is going through a historic transition in leadership.
“These transitions are important events. We cannot imagine economic development without power and coal. Better leadership inspires others,” he said.
On being asked what he thinks about the business sentiment in India, Nohria said the country has an “amazing moment of opportunity in terms of international business sentiment.”
According to him, people are happy with the clear mandate of the new government. Nohria pointed out that China and Japan have become less attractive for foreign investors - another factor that makes India a promising investment destination.
“But, people will wait for six months to see if the initial excitement translates into direct action. It is guarded optimism,” he said.
The interactive session followed last month’s lecture by author Chetan Bhagat, organised by the ministry for “employees with permanent job with no motivation” with the objective of improving productivity and bringing out new ideas to streamline government processes.
EPFO launches online registration facility for employers
New Delhi: Employers will now be able to register online with the Employees' Provident Fund Organisation (EPFO) and get the PF code within one day. Labour Minister Narendra Singh Tomar launched the online registration system on Monday.
"Earlier, it used to take 20-25 days to get the registration done, but through this service, a firm can now be registered in just a day's time," said Tomar.
Companies can register online through a link on the EPFO website, and the PF code will be given upon verification of their permanent account number. Applicants can also track the status of their application through the website.
"Emphasising employment generation as the prime priority for the ministry, Tomar said the government is committed to create employment opportunities by developing labour intensive industries and imparting skill development training to the youth," said a press release by the labour ministry.
The employers associations were also given a presentation on the upcoming website for single-window compliance of labour laws. The ministry is planning to launch the pilot project in October to facilitate single-window compliance of labour laws, including online registration by employers, returns, inspections and redressal of grievances.
"Earlier, it used to take 20-25 days to get the registration done, but through this service, a firm can now be registered in just a day's time," said Tomar.
Companies can register online through a link on the EPFO website, and the PF code will be given upon verification of their permanent account number. Applicants can also track the status of their application through the website.
"Emphasising employment generation as the prime priority for the ministry, Tomar said the government is committed to create employment opportunities by developing labour intensive industries and imparting skill development training to the youth," said a press release by the labour ministry.
The employers associations were also given a presentation on the upcoming website for single-window compliance of labour laws. The ministry is planning to launch the pilot project in October to facilitate single-window compliance of labour laws, including online registration by employers, returns, inspections and redressal of grievances.
Cipla buys Yemen-based drug distributor for $21 mn
Mumbai: Cipla, once known as a domestic pharmaceutical company, on Monday announced its fifth global acquisition deal within a span of a year, a 51 per cent stake in a pharmaceuticals manufacturing and distribution business in Yemen for $21 million.
While Cipla did not name the company, it said the Yemeni drug maker is owned by a business group based in the United Arab Emirates. Yemen is a fast-growing market where Cipla already has a leading position, with about 200 products. The deal includes more to be paid over the next three years, on achievement of agreed milestones.
This is Cipla’s second buyout this month. On June 17, it said it had acquired a 60 per cent stake in a Sri Lankan company for $14 million. Cipla had entered this transaction through its wholly-owned subsidiary, Cipla (Mauritius) Ltd. Through the recent acquisitions, Cipla seems to be eyeing a strong foothold in West Asia and Africa. On Monday, Cipla’s shares closed at Rs 437.95 apiece, up 0.15 per cent on the BSE. The company did not respond to queries from Business Standard.
Since 2013, Cipla has made five acquisitions in various countries. After completing the buyout of Cipla Medpro for $512 million in June 2013, it acquired a 14.5 per cent stake in Uganda-based Quality Chemical Industries, 100 per cent in Croatia-based Celeris in December 2013 and 60 per cent in the Sri Lankan company mentioned above
While Cipla did not name the company, it said the Yemeni drug maker is owned by a business group based in the United Arab Emirates. Yemen is a fast-growing market where Cipla already has a leading position, with about 200 products. The deal includes more to be paid over the next three years, on achievement of agreed milestones.
This is Cipla’s second buyout this month. On June 17, it said it had acquired a 60 per cent stake in a Sri Lankan company for $14 million. Cipla had entered this transaction through its wholly-owned subsidiary, Cipla (Mauritius) Ltd. Through the recent acquisitions, Cipla seems to be eyeing a strong foothold in West Asia and Africa. On Monday, Cipla’s shares closed at Rs 437.95 apiece, up 0.15 per cent on the BSE. The company did not respond to queries from Business Standard.
Since 2013, Cipla has made five acquisitions in various countries. After completing the buyout of Cipla Medpro for $512 million in June 2013, it acquired a 14.5 per cent stake in Uganda-based Quality Chemical Industries, 100 per cent in Croatia-based Celeris in December 2013 and 60 per cent in the Sri Lankan company mentioned above
Washington University partners IIT-Bombay for e-MBA degree
Mumbai: Washington University in St Louis (WUSTL) and the Indian Institute of Technology Bombay (IITB) have jointly launched a combined US-India joint executive MBA degree programme. The new programme, which will confer a joint MBA degree, will be modelled after WUSTL's executive MBA in China and the US.
"This is our first joint degree programme that we have in Washington University and conveys our commitment to partnership and confidence in IIT Bombay," Mark S Wrighton, chancellor of Washington University told ET in an exclusive interaction on Monday.
"We expect enrolment from companies that are based outside India and the ones that are based in India. That development of network of business professionals will be valuable for those who enroll," he said.
"Back home in the US I have spoken to a lot of companies that have operations in India and I have had the chance to speak to the CEOs of three important St Louis-headquartered companies, including Emerson, which has 10,000 employees or more in India, Monsanto and Sigma Aldrich and each of those companies has committed to having one or two employees in their first cohort of students in this joint EMBA programme," said Wrighton. The partnership will also enable IIT Bombay to connect with a large number of businesses in many sectors, other than technology, and complement their ongoing activities of industry academia linkages.
"At IIT Bombay, we see this as a great interface to industry. We already have strong connections with the industry on the technology side; this way we will get an opportunity to connect on the business side, too," said Devang V Khakhar, director, IIT Bombay. Classes will be held in the IIT Bombay campus and taught by faculty from WUSTL's Olin Business School and IIT Bombay's Shailesh J Mehta School of Management.
The programme will be of 18-month duration and classes will be offered four days a month. It will end with a two-week exposure at the Washington University. The first session of the programme will commence from early 2015. The tuition fees will be $55,000-$60,000, which is 50% less than its current cost in the US.
"The curriculum will draw upon the expertise of not just the two business schools but also of IIT Bombay and Washington University," said Mahendra Gupta, the Indian origin dean of WUSTL's Olin Business School. "There are two countries that are going to have a major economic impact on the world, in addition to the existing leaders in the western hemisphere, that is China and India," Gupta said.
The programme is meant for professionals with at least seven years of experience. "Our executives will be representing all sectors including women in such a way that we will be able to open the door not only for corporate leaders but also in the fields of social entreprenuership, CSR, policy perspectives, government leaders, bureaucrats, and NGOs," said S Bhargava, head of SJMSOM.
"This is our first joint degree programme that we have in Washington University and conveys our commitment to partnership and confidence in IIT Bombay," Mark S Wrighton, chancellor of Washington University told ET in an exclusive interaction on Monday.
"We expect enrolment from companies that are based outside India and the ones that are based in India. That development of network of business professionals will be valuable for those who enroll," he said.
"Back home in the US I have spoken to a lot of companies that have operations in India and I have had the chance to speak to the CEOs of three important St Louis-headquartered companies, including Emerson, which has 10,000 employees or more in India, Monsanto and Sigma Aldrich and each of those companies has committed to having one or two employees in their first cohort of students in this joint EMBA programme," said Wrighton. The partnership will also enable IIT Bombay to connect with a large number of businesses in many sectors, other than technology, and complement their ongoing activities of industry academia linkages.
"At IIT Bombay, we see this as a great interface to industry. We already have strong connections with the industry on the technology side; this way we will get an opportunity to connect on the business side, too," said Devang V Khakhar, director, IIT Bombay. Classes will be held in the IIT Bombay campus and taught by faculty from WUSTL's Olin Business School and IIT Bombay's Shailesh J Mehta School of Management.
The programme will be of 18-month duration and classes will be offered four days a month. It will end with a two-week exposure at the Washington University. The first session of the programme will commence from early 2015. The tuition fees will be $55,000-$60,000, which is 50% less than its current cost in the US.
"The curriculum will draw upon the expertise of not just the two business schools but also of IIT Bombay and Washington University," said Mahendra Gupta, the Indian origin dean of WUSTL's Olin Business School. "There are two countries that are going to have a major economic impact on the world, in addition to the existing leaders in the western hemisphere, that is China and India," Gupta said.
The programme is meant for professionals with at least seven years of experience. "Our executives will be representing all sectors including women in such a way that we will be able to open the door not only for corporate leaders but also in the fields of social entreprenuership, CSR, policy perspectives, government leaders, bureaucrats, and NGOs," said S Bhargava, head of SJMSOM.
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