Released on = April 23, 2007, 11:04 pm

Press Release Author = Anjali Sinha/ International Management Institute (IMI)

Industry = Education

Press Release Summary = Shri Kapil Sibal conferred the diplomas at IMI.

Press Release Body = New Delhi, 18 April, 2007: The Honourable Minister of Science
and Technology and Earth Sciences, Shri. Kapil Sibal today awarded medals and
distinguished awards to three former students of International Management Institute
(IMI) for their outstanding performance and their distinguished achievements in
their respective fields. The honours were bestowed at the 23rd Annual Convocation of
IMI starting 5:30 p.m.

While giving his convocation address, Shri Kapil Sibbal emphasized that for 'a
country of the size of India, with its religions and ethnic diversities, the key
policy challenge is to boost productivity and growth through increased
knowledge-intensive economic activities while maintaining our social structure and
cohesion. The unfolding scenario thus calls for instruments and policies that are
responsive to the new global environment but are rooted in our rich local ethos' The
Minister noted the vigorous pace of technological change in today's dynamic
environment and highlighted the need to better understand how all the institutions
and actors in the 'National Innovation System' interact. The need for this
understanding derives from the fact that productivity increases are the only
sustainable way to improve living standards for citizens. . He was, however,
uncertain about Governments capacity to address systemic failures that can emerge
say from mismatches between different components of the innovation system,
conflicting incentives for market and non-market institutions etc. According to
the Minister, we need to 'consider what organizational innovations are needed to
bridge the gap between the management systems in the government and the progressive
corporate sector. These are a few of the areas where we seek policy inputs and
advice from institutions like IMI.' For the students, the Ministers advice was
simple and focused. "This degree of yours is, a blunt but effective instrument to
put the world in to shape. So go forth and build something with it. It is a great
time to be in India and to be of your generation. So good luck in shaping the world
and your life."
Shri R.P. Goenka, Chairman and Board of Directors, IMI presented the Post Graduate
Diplomas in all the different programmes held at IMI. The one year full-time Post
Graduate Programme in International Management (PGPIM), two year full-time Post
Graduate Programme in Management (PGP) and three year part-time Post Graduate
Programme in Management (PGPM).
Welcoming Shri Kapil Sibal and the Board of Trustess of IMI, Dr. C.S. Venkata
Ratnam, Director, IMI said, "IMI future growth will be more propelled by expansion
in training, consultancy and research than teaching programs. We would like to be
reckoned as a research based teaching institution with emphasis on applied and
action research to influence policy and improve management of organisations. We
have more than trebled our gross revenue from consultancy and training in the last
2 years. We did climate/engagement surveys and/or prepared corporate plans for 6
companies. We are partnering with ITC IBD in preparing customised learning
materials for E-chaupal hub manager. We are also working with an NGO in creating
leadership and professional management for community owned companies in crafts
clusters. During the ear the Ministry of Communication and IT sanctioned a pro IMI
as a lead partner in a consortium comprising 2 IITS and the National Productivity
Coucil for a 3 year project on Leveraging IT for the Knowledge economy."
The graduating students of IMI's 2-year Post Graduate Program (PGP) have already
been employed with companies such as Accenture, Ranbaxy, UBS, HSBC Bank, Citibank,
Infosys, Cognizant, Dr. Reddys' Laboratories, Vedanta, Asian Paints, and Jumbo
Electronics participated in the process offering profiles in verticals such as
Finance 28%, Sales and Marketing 38%, Systems 25%, Operations and HR 5% and 4%,
respectively.. The highest package offered was Rs. 13.68 Lac by Jumbo Electronics,
followed by Rs. 10.30 Lac by Accenture, with an average salary of Rs. 8.03 Lac. Out
of the total number of students who were conferred the diplomas, 18 students were
from the Post Graduate Programme in International Management, 25 students from
3-year Part-Time Post Graduate Programme in Management (PGPM) and 123 students from
the 2-year Full-time Post Graduate Programme in Management (PGP).
Mr. Rajiv Dhawan, Director, Group Magotteaux received the distinguished alumnus
award by the Honourable Minister, Shri Kapil Sibal.
Professor Rajat Kathuria, Registrar, proposed a vote of thanks.

About International Management Institute
Established in 1981, International Management Institute (IMI) is an autonomous
non-profit educational society under the Societies Registration Act 1860 in
collaboration with International Management Institute, Geneva. IMI holds a place of
distinction among the leading schools of management for being the first corporate
sponsored business school in India.


Web Site = http://www.imi.edu

Contact Details = International Management Institute
B-10, Qutab Institutional Area.
Tara Crescent
New Delhi - 110016