Innovation and entrepreneurship would take India forward: Gadkari

“Innovation and entrepreneurship coupled with digital revolution can help India move forward and grow”, said Nitin Gadkari, Minister of Shipping, Road Transport and Highways speaking on India Aspire: Reinventing India story through infrastructure revolution at AIMA’s 41st National Management Convention here today.

Innovation and entrepreneurship is the biggest power that can help India grow, he said while adding social entrepreneurship would have greater social impact and help in alleviating poverty in India.

“We need development with maximum job creation and right vision, technology and strong political will can help in achieving the desired growth”, the Minister said. He also advised management professionals to take inspiration and ideas from people and their problems in order to propel the economy.

He also said that there is a great potential for India to train its manpower as the world is going to need over 5.5 crore skilled manpower in coming years.

Citing example of making ethanol from agriculture bi-products, Mr. Gadkari said if it is promoted on large scale, it can help in reducing country’s dependence on petroleum imports.

Gadkari also released Management Capability Index Report prepared by KPMG.

Sachin Pilot, Former Union Minister and Rajasthan State Congress President speaking on ‘Corporate Governance: A New Reality’ said that everything cannot be legislated, self-regulation and self-disclosure should be the underlying philosophy of the corporate culture.
Many corporate governance disasters could have been avoided if companies believed in self regulation, transparency and heeded to voice of minority stakeholders, he said.

Talking of CSR provision in the new Companies Act, Mr. Pilot said that this provision can help the economy substantially by directing funds to socially relevant projects. However, we need to give  a makeover to CSR initiatives to active role from passive role of just allocating funds, he added.

In a special session on spirituality in management, Sadhguru Jaggi Vasudev said “what is wrong with India today is that we have still not shed our colonial hangover of wanting to import everything in place of manufacturing ourselves”. Notion of superiority elsewhere stifles creativity, he added.

Focus on individuals and survival is creating a conflict, Sadhguru said. He added, “Nurturing to full psychological growth is important as the whole humanity is in a state of compulsive pursuit of happiness”.

Earlier, in her welcome remarks, Ms. Preetha Reddy, President AIMA and Executive Vice Chairperson, Apollo Hospitals Group said that there is lots of optimism regarding new emerging India and infrastructure would play a crucial role.





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