KMA EVENT DELIBERATES ON VISIONS FOR YOUNG INDIA
Kochi: It is speculated that India will have an upper hand over the economic giant China by 2020 in terms of the average age of population – which will be 29, while that of China will be much higher at 37. Kerala Management Association’s (KMA) 38th National Management Convention held in Kochi on March 7 and 8 discussed the possibilities of leveraging this vast resource pool of talented youngsters to facilitate a quantum leap to Industry 4.0.
Management veterans and delegates who converged at KMA’s 38th National Management Convention deliberated on the aspirations of young India
Themed on ‘Managing Work & Life: Global Aspiration of Young India’, the two-day event saw the convergence of thought leaders, management stalwarts and students from various management schools. Held first in 1981, the National Management Convention of KMA has grown into its flagship event over the years. The delegates deliberated on the aspirations of young India and the challenges it faces in overcoming the difficulties.
“It is important to understand the global demands with so many Indians making it big in the global arena. Startups are helping the world with different perspectives. Great management resources in India can help mould great workforce for the future,” said Dinesh P Thampi, President, KMA.
B Ashok, Managing Director, Ratnagiri Refinery & Petrochemicals inaugurated the Convention. Delivering the inaugural address, Ashok called for reasonable pricing of petroleum products. “Access to energy is critical for human development. Low oil prices mean low investments, especially in the high-risk upstream sector. Underinvestment in the industry due to low prices will have long-term impact on supply,” he said.
He added that India is headed in the right direction by adopting alternative models of mobility and embracing clean energy. Ashok observed that clean energy like natural gas will have a good share in the consumer market of the future, and added that biofuels will reduce dependence on imported crude oil.
Pointing out that utilisation of agricultural waste is also a major way forward in terms of good energy policy, he added that growing energy import bill and local and global climate issues are problems of serious concern for the country.
“Decision making has become very complex with large gestation periods. If we are sceptical about the way the world is going to change we will not be able to take decisive and complex decisions,” Ashok said.
Speaking about the issues to be addressed in Kerala, he said infrastructure is the one area which needs to be improved. “If not, we will likely face problems in future,’’ he added.
Padma Bhushan B Muthuraman, former Chairman of Tata International; Dinanath Kholkar, Vice President and Global Head of Analytics & Insights, Tata Consultancy Services (TCS) and Jibu Paul, Senior Vice President, KMA also spoke at the inaugural ceremony.
Destination Kerala was the magazine partner of the event