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Full Text of Governor Rameshwar Thakur’s Speech
Respected Prime Minister, Dr Manmohan Singh;
honourable Chief Minister, Y S Rajesekara Reddy;
Chairman, Rajat Gupta; Members of the Board of Governors
of the Indian School of Business; Dean Rammohan Rao,
Professor N Viswanadham; and other members of faculty,
students, Sunil Munjal - key note speaker, ladies and
gentlemen and members of the media, on behalf of the
people of Andhra Pradesh and the State Government, it is
my privilege to extend a hearty welcome to our
honourable Prime Minister, Dr Manmohan Singh - a noted
economist, a visionary and a noble human being.
As you are all aware, Dr Manmohan Singh is the architect
of the economic reforms in the country since 1991, and I
had the privilege of closely working with him in the
finance ministry. The outcome of the reforms process is
clearly visible, and has been acknowledged by the people
in India as well as countries abroad. I would like to
emphasise here that Dr Manmohan Singh, right from the
beginning, believed that economic development should be
achieved by implementing reforms with a human face.
I am very happy to be here on the occasion of the Fifth
Anniversary Celebration of the Indian School of
Business. I congratulate the Chairman of the Board, Mr
Gupta and the Dean, Professor Rammohan, for achieving a
milestone which is laudable.
Management education has produced leaders capable of
creating and running effective organisations.
Successfully, students from management education acquire
the knowledge and skills that enhance and enrich their
lives and enable them to make fruitful contributions to
their organisations. In turn, organisations which are
successful, meeting their goals and fulfilling their
purposes, become enormous assets to society, fostering
greater productivity, and a more desirable quality of
life. The value of management education to individuals,
organisations and society is almost beyond any
calculation. Consequently, education policies,
especially the policies for promoting lifelong teaching
and learning, must be developed in coordination with all
concerned stakeholders. Tremendous development has taken
place in the last century. Nevertheless, a large mass of
humanity still live below the poverty line. Economic
growth and better living conditions in developing
countries demand the creation of a productive and a
skilled workforce.
In countries having very substantial poverty and low
levels of education, individuals in all sectors require
the skills to address pressing needs. Management
institutes who share the objective of improving overall
quality of life, should seek to promote lifelong
learning and to strengthen the impact of education on
society and economy. It is here that institutions like
the Indian School of Business should arrange targeted
training to build practical and professional manpower. I
am particularly pleased that the Centre for Global
Logistics and Manufacturing Strategies is founded on
strategies of making India a Global Manufacturing Hub,
especially in rural development.
All the future managers need to understand that a
cohesive and all round growth of the country would only
be possible if the educated youth, especially managers
of institutions such as ISB, take upon the onus of
building up a prosperous rural India. No amount of
economic growth, with balance tilted towards urban
India, can make the country achieve all round
development. I am glad that the Centre for Logistics and
Manufacturing at the Indian School of Business is taking
a lead in this, and conducting research on rural
business. I wish this conference all success.
Jai Hind.
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