India has emerged as attractive destination for global investors : Naidu

Speed Post News Network

New Delhi : The Vice President of India M Venkaiah Naidu on May 21, 2019, said that India has emerged as an attractive destination for global investors and asked educational institutions to maintain high standards. He was addressing the Convocation of Great Lakes Institute of Management at Chennai, Tamil Nadu.

Observing that India was poised to become a US $ 5 trillion economy in the next few years, Naidu said there was a need to remove economic imbalances, urban-rural divide, end gender and social discrimination and enhance the prestige of all the institutions including the Supreme Court, CAG, CVC, EC, Parliament and State Legislatures. He said that nobody should say or do anything to undermine the sanctity of these institutions. There are appropriate forums to redress grievances, if any, he added.

Naidu said that India is the largest Parliamentary democracy in the world and has a track record of effective electoral system and conducting elections on a regular basis. Describing elections as ‘Festival of Democracy”, he complimented the Election Commission for conducting the stupendous exercise in a peaceful and orderly manner.

Asking the graduating students to respect their alma mater and always act to enhance its reputation, Naidu advised them to focus on achieving academic excellence and become socially conscientious citizens. He said that the atmosphere on university campuses should not be vitiated by extraneous issues and added that he was happy that barring a few, most of the 900 Universities were free from any disturbance.

The Vice President also told them not to neglect their parents, mother tongue, native place, motherland and Guru (teacher). He further said that they should also strive to promote and protect the safety and security of the motherland. “Taking care of fellow human beings is nationalism and not merely saying Vande Mataram or Jai Hind,” he added. Observing that management was not confined to the corporate sector alone, Naidu said that the scope of management studies should cover the rural economy, agriculture and allied industry and provide solutions to make these sectors viable.

Stating that agriculture was in distress, Naidu said that there was a need to introduce structural changes and come out with new strategies and programmes to make agriculture profitable and sustainable. Complimenting the Great Lakes Institute for making students interact with villagers under Karma Yoga programme, he said it was important for them to know and understand the rural problems.

Naidu also stressed the need for Indian management institutions to adopt globally accepted teaching practices, methodologies and curriculum to ensure the students are duly recognised in the global job market. Indian institutions have to adopt globally accepted benchmarks to achieve global prominence and align with other management institutions. “Such academic alliances with institutions of international repute, are a great way to provide learning experience to students,” he added. He told the youngsters that they were joining India’s growth story at a very exciting juncture. Today India is one of the world’s fastest growing economies and has become the second largest global hub for Start Ups, he added.

Pointing out that the 4th industrial revolution was driven by rapidly changing technology, Naidu told the graduating students that as managers they will be required to manage technology driven changes in industrial processes and practices.“