Published: The Times of India | April 03, 2016
Stressing on intervention through low cost innovations, Bhaskar Bhat, managing director (MD) of Titan Company Ltd and chairman of Tata's airline Vistara, on Saturday asked graduating students of Mica to ensure a better quality of life to people living below the poverty line in the country .
Bhat, who was the chief guest at the 21st convocation of Mica, asked the students to look for content and purpose while working and to go for learning and rather than earning.
He said India provides a huge growth opportunity and the country now has FANG -Facebook, Amazon, Netflix and Google. Even other Silicon Valley startups have India on their radar, Bhat said.
He also emphasized the need to ensure implementation of democratic principles, and asked students to add inclusiveness to the success story of the country .
Poverty estimates in India indicate that about 30% of its population lives below the poverty line. The poverty line today is defined as people living on less than Rs 32 a day in villages and Rs 47 in cities, he said.
“I believe this is an opportunity for the next generation of managers like you. How can we redefine transportation infrastructure to ensure every Indian has access to basic food. Can we come up with low cost innovations to ensure quality of life even below the poverty line,“ he asked.
Bhat earlier presented degrees to 158 postgraduate diploma in management -communications (PGDM-C) students and 23 students of the 25th batch of postgraduate certificate programme in crafting creative communication (PGCP-CCC).
Sonal Choudhary of PGCP-CCC 2015-16 batch topped, winning the Director's Award for academic excellence. Tushara Panicker and Richa Kumar received certificates as runner-up and first runner-up resepectively.
Vaishnavi Raje received the gold medal for the PGDM-C 2014-16 batch while Arathi Nair received the silver medal. Aishwarya Verma and Srishti Agrawal shared the bronze.
MICA PLACEMENTS: 2 STARTUPS BACK OUT
After booking the best candidates with lucrative packages, two startup companies backed out from campus hiring in Mudra Institute of Communication Ahmedabad (MICA).
Madhukar Kamath, chairperson of MICA governing council said, “We have witnessed an unusual scenario in placements this time.The best students were picked up against excellent salaries. But two startups backed up later. One said they have failed to obtain funding, while another dropped the package they had initially offered to students.“
The facts are quite incongruous to the wave of `Startup India' rolling across the country . Kamath, however, said that that it was an interesting scenario and the institute did not see it as problem. He also said that they have learned from the experience.
He said that 73 companies came for on-campus recruitment and made 127 offers during the placement procedure, which began in October last year.
The companies which came for the placement drive include big names like Amazon that made seven job offers, the highest number this year. Besides, Google and Mahindra Retail each made six job offers, Kamath said.
Kamath said that Rs25 lakh per annum was the highest package, offered by Amazon. While, average package was Rs11.5 lakh per anum. He said that though the institute will not hike tuition fee, but it is likely to raise living expenses by two to three percent.
Sectors like automobiles, e-commerce and sports portals were amongst the companies most interested in recruiting, added Kamath.