Mr. James Golsen – Principal Commercial Officer, United Stated of America Consulate discusses about opportunities available in the USA for Indian communities in the areas of trade and education at TAPMI

Today, Mr. James Golsen – Principal Commercial Officer, United Stated of America Consulate (Commercial Section of Consulate) visited T. A. Pai Management Institute (TAPMI), Manipal to discuss about opportunities available in the USA for Indian communities in the areas of trade and education.

Mr. James Golsen arrived at Chennai in July 2011. He is responsible for advocating U.S. commercial interests and organizing trade promotion activities in South India. In this capacity, he manages the U.S. Commercial Service offices in Chennai, Bangalore and Hyderabad. Previously he served as the Commercial Attaché at the U.S. Embassy in Bangkok, Thailand and Commercial Consul at the U.S. Consulate in Shanghai, China. Mr. James Golsen’s previous assignment was in Memphis, Tenn., working as the Commercial Service liaison at FedEx World Headquarters. Prior to joining the Department of Commerce, Jim worked for the International Division of the United States Chamber of Commerce.

He holds a Bachelor’s Degree in International Affairs from Florida State University and a Master’s Degree in International Policy Studies from Middlebury College’s Monterey Institute of International Studies.

Mr. James Golsen interacting with students at TAPMI, ManipalMr. James Golsen began his address by explaining the functions his organization does. He said that the primary function of his office is to help promote business ties between India and US. His office facilitates USA businesses to market their product in India and also help Indian business find partners in the USA.

He reiterated the much hyped bilateral ties between the two countries. One can’t travel anywhere in India or US without having met someone who hasn’t had some experience of the other country. He gave the example of Governors of South Carolina and Louisiana states having Indian origin.

He said that 15 years ago India was the 30th largest trading partner for the USA and it has become the 12th largest partner in current times. He raised concerns that, even though India and USA are very familiar, why are the buyings limited to $100 billion? He said that as a solution to this problem both countries have to look for the areas where the relationship can grow. The relationship and trade just can’t get better without initiatives from either of the countries. The focus should be in the areas of education and SMEs. The entrepreneurs of both the countries have to be encouraged to invest in other countries. As an example, he said that the many of the graduating students of TAPMI, Manipal are going to be entrepreneurs someday. He urged them that when they make their first million and invest another hundred, they should think and find 500 first global employees.

He opined that the Government should create a level playing field and bring the business partners together and then leave it for business owners to run the business. He mentioned that there is immense potential in the USA – Indian trade. Many companies are going to expand. He gave an example of Ford’s new manufacturing facility at Sanand, Gujurat.

He held that USA is coming out of one of the biggest downturns since the big depression. Housing Market, Manufacturing, Banking and many other markets are reviving. The country is finding better opportunities in nations like Japan and the European Union. There is 1.5% to 3% growth of USA economy and 7.9% unemployment. He concluded by saying that for businesses in both the countries to flourish, trade barrier embedded in domestic politics, policies have to be removed.

The lecture was followed by an interactive session where in the speaker was engaged answering thought provoking questions put forth by the students present. In one of his responses, he stated that his office in the USA Consulate is engaging with students to keep them informed about the opportunities of education in USA. He informed that India is the 2nd largest source of foreign students in USA.

There is a perception of zerosum game. The USA is losing out due to outsourcing and India is losing out due to walls raised by the USA. But, businesses are growing and FDIs are increasing, hence negating the former statement. Some business models are created to circumvent immigration laws that are not good for any country. Hence, any country has to be careful about it, thus making it necessary for measures to be prevalent to avoid any problem.

Opining about the work related opportunities in USA; he said that in certain sectors unemployment is very high. But there are sectors and places where the unemployment rate is low. With proper skill sets there is a high possibility of getting good jobs.

The question answer session ended with a vote of thanks. This guest lecture by Mr. James Golsen kept the audience involved throughout. It served as a platform for important insights that the students gained through this lecture.

Shri K V Kamath receives the prestigious K K Pai National Award for Excellence in Banking 2012 – 2013

Shri K V Kamath receives the prestigious K K Pai National Award for Excellence in Banking
Shri K V Kamath receives the prestigious K K Pai National Award for Excellence in Banking

TAPMI witnessed the presentation of K K Pai National Award for Excellence in Banking 2012 – 2013 to Padmabhushan Awardee Sri K V Kamath, Chairman, ICICI Bank and Infosys. The following dignitaries – Dr. Ramdas M Pai – Chancellor, Manipal University, Sri T Satish U Pai – President, K K Pai Trust, Manipal, Dr. K K Ammannaya- Secretary, Dr. R C Natarajan, Director, TAPMI, Manipal and eminent trustees – T Narayan M Pai, T Ashok M Pai, K Suresh Pai, K M Udapa, H Krishna Bhat, Dr H S Ballal were present for this function. K K Pai Trust presents the K K Pai National Award – an award that honours significant bankers.

Sri K V Kamath has provided a new dimension to Indian banking and spearheaded a revolution in the Indian banking sector. Sri K V Kamath hailing from Mangalore is an alumnus of the prestigious Indian Institute of Management, Ahmedabad. He started his career in 1971 at ICICI – an Indian financial institution. He rendered several years of service in South East Asia before returning to ICICI as its Managing Director and CEO in 1996. He retired as CMD in April 2009 and took up his present position as Non-Executive Chairman. Sri K V Kamath took over as Chairman of Infosys in August 2011.

The function commenced with an address by K K Ammannaya, Secretary, K K Pai Trust followed by a welcome prayer. The citation was read out and the felicitation was done by Dr H S Ballal. Sri K V Kamath expressed his courteous gratitude on accepting the K K Pai National Award from Dr. Ramdas M Pai. He acknowledged T M A Pai, T A Pai and K K Pai as founders of modern banking.

He discussed the evolution of IT in the banking sector. The year 1981 saw the advent of Personal Computers and technologies which could be dealt easily by the general public and did not require the intervention of the IT departmment. The year 2002 saw 94% of the total transactions being done at ICICI bank branches. The transition towards technology saw setting up of 1000s of ATMs across the country and call-centres being set up to supplement the customer query addressing system. All these culminated in the rollout of internet banking, which has now reduced transaction traffic at bank branches to a mere 15%.

He threw light on the technological development with respect to efficiency and cost, cloud space and cloud environment, applications and migration of computing strengths from CTO to CMO and other functional heads. Our country’s accelerated economic development, coupled with its abilities, is immensely beneficial for the youth of today. However, we must also appreciate the challenges faced by the previous generations for bringing India to where it is now. Sri K V Kamath predicted that the per capita income would rise exponentially to $3500 in the coming 4-5 years. He concluded his speech by mentioning that there was no better time than now, to have been born and living in India, and he sees a bright future for the country.

This event reached its end with Professor Chowdari Prasad, TAPMI delivering the vote of thanks. Sri K V Kamath decided to interact further with the students of TAPMI and welcomed questions from the young leaders of tomorrow. The insights provided by Sri K V Kamath proved beneficial to the students of TAPMI and enhanced their understanding of the Indian banking sector.

Horizon 2012 – The Finance Conclave

T. A. Pai Management Institute (TAPMI), Manipal successfully held Horizon 2012 – The Finance Conclave on 22nd September, 2012. Organized by the Student Affairs Committee, in association with the Finance Forum, the central theme of the conclave was The New Economic Order Post Crisis: Political Reforms, Regulations and Inclusive Growth.

The eminent personalities from industry included Dr. Manoranjan Sharma, Chief Economic Advisor, Canara Bank (Chief Guest for the Event), Mr. Arijit Mukherjee, Vice President – Wealth Management,  Anand Rathi, Mr. Hariprasad, Vice President – Treasury, Centrum, Ms. Lavanya Ashok, PIA, Goldman Sachs, Mr. Rohan Mathew, Senior Manager, ICRA, Mr. Sushil Shah, DGM, Solution Design, Asia, First Source, Mr. Shomitro Goswami, CEO, Astal Capital and Mr. Sanat Satyan, Senior Analyst, Nomura.

The entire event was divided into three main parts – inauguration ceremony, panel discussion and various lectures by guest. The event was inaugurated by Dr. Manoranjan Sharma. He spoke about the economic condition of India and the world as a whole. He also stressed on regulations and how they were impacting businesses in India. And finally he ended his speech by the advent of technology in the banking sector.

The guest lectures were filled with knowledge as the eminent industry guest spoke on various topics. Mr. Arijit Mukherjee delivered a lecture on Wealth Management. Mr. Hariprasad delivered a lecture on dynamics of foreign exchange with special focus on India. Mr. Rohan Mathew spoke on Credit Ratings. Mr. Sushil Shah spoke on the perspective and career options in Consumer Banking and Allied Activities. Ms. Lavanya Ashok spoke on opportunities and challenges in Private Equity Investing in India.

The panel discussion was on theme ‘Role of political reforms in Indian economy’. The discussion was opened by the Chief Guest, Dr. Manorajan Sharma, stressing on the paradigm shift in economic reforms part 1991. It was taken forward by Mr. Arijit Mukherjee discussing about the issues on wealth management in India, its transition from its nascent stage in the last ten years and how regulatory bodies like RBI, SEBI have taken the country forward in terms of reforms. Further, Ms. Lavanya Ashok shared her views on investment related issues, FDI and taxation. Mr. Sushil Shah shed light upon the Banking sector’s political willingness towards reforms. Mr. Hariprasad shared his opinion on RBI’s liberalisation of foreign exchange. Finally Mr. Rohan Mathew shared his outlook on Credit Rating and the transformation of Basel 2 to Basel 3. He spoke about ICRA’s approach towards economic reforms and existent rating agencies in the country.

The event ended by the Valedictory Function where Professor Chowdari Prasad, Dean (Branding and Promotions) delivered a vote of thanks to all the guest that came down to the TAPMI campus to attend the event.

Leadership, the Biocon way, explained by Mr. Ravi C Dasgupta, Biocon Ltd

Mr. Ravi C Dasgupta explains the leadership strategy employed at Biocon to the students of TAPMI, Manipal

The session started by asking the students to present their insight on leadership. Mr. Dasgupta quoted Henry Kissinger’s famous lines: “The task of leader is to get its people from where they are to where they have not been”.  INFLUENCE is the word which goes hand in hand with Leadership. INFLUENCE: Integrity, Nurturing, Faith, Listening, Understanding, Enlarging, Navigating, Connecting, EmpoweringTAPMI today witnessed a lecture by Mr. Ravi C Dasgupta, Vice President – Group HR at Biocon Ltd. on Leadership Development at Biocon. Biocon is India’s premier biopharma enterprise focused on innovation to deliver affordable healthcare solutions to patients, partners and healthcare systems across the globe.

Mr. Dasgupta also projected light on how responsibilities change as we move from one position to other in an organization. With the change in responsibilities a different set of Management skills are needed to drive the team towards the organization’s common goal. He interestingly compared the roles in leadership to that of a staircase with steps from Position, Permission, Production, People Development to Personhood.  He elaborated on this by stating that when you start working in an organization then you are a leader by the position you hold. Then with time and with the kind of involvement you show among the team helps you move up in the leadership ladder. Then moving from a generalized discussion to the Biocon centric Leadership Development practices he talked about the practices followed at Biocon for enhancing the leadership skills. Mr. Dasgupta gave due importance to Involvement of top Management, Identifying the competencies, Shift in skills, Focus on the whole spectrum, Stretch Assignments, Executive Coaching and 360 degree assessment. Although he considered all of them to be equally important, he discussed more about 360 degree assessment. Biocon believes in feedback for every employee, be it at Top Management or Middle or even at shop floor. They have implemented 360° feedback only for Top Management as of now, in which the employees give feedback as well as receive it from the same employees for themselves. This brings forth issues that need to be worked upon well before time in the process, hence improving the overall efficiency of the team.

Lead Yourself- was the next topic on the discussion table. He explicitly highlighted the importance of leading yourselves to be a good leader. Following were the things to be worked upon to enhance the self leadership skills: Manage your Emotions, Time, Priorities, Thoughts, Words, Energy, and Personal life. Undoubtedly all the attributes are important and well justified as well but Mr. Dasgupta shed light on the importance of Management of emotions and personal life. There are times when we have some professional or personal stress, we need to learn to control those emotions to be an effective leader. He also gave respect to the importance of personal life because he believes that one can harness inner strength from his family which helps him achieve heights in different walks of personal and professional life.

Biocon has beliefs in strong leadership qualities and skills; the company made active investments in the leadership development programs of their employees by providing Management Development Programs for Senior Management officials. The company has programs at IIM-Bangalore for 8 days for the senior officials. There are other programs on Innovation which Biocon actively invests in, to leverage the best of the leadership qualities their employees possess.

The Lecture concluded with the initiatives which Biocon takes for honing the leadership skills of their employees and hence proving how important they are for the success of an individual. So, in short, we can conclude that Leaders don’t just organize people to get results; they infuse their followers with a noble purpose.

T. A. Pai Memorial Lecture

The 28th T.A.Pai Memorial Lecture on the topic “India’s Decade of Destination” was delivered by Dr. Jagdish N Sheth, Professor of Marketing, Goizueta Business School, Emory University. This lecture was a part of TAPMI’s Founder’s Day celebrations, and was organized by TAPMI along with the Academy of General Education, Manipal.

Dr. Jagdish Sheth addressing the students of TAPMI

Dr. Sheth talked about the economic freedom which the country got 20 years ago due to the opening up of the capitalist market economy. According to him, this has made India one of the fastest growing economies in the world, facilitated an increase in the reserves mainly due to the boom in the IT sector, resulted in a surge in the performance of the Indian stock market, and has encouraged the creation of large new enterprises. Dr. Sheth spoke about the changing image of India, which has been facilitated by the economic reforms. He emphasized on the ‘can-do’ attitude of the educated class, and also the empowerment of the new middle class, who have a much higher standard of living.

Dr. Sheth predicted that by 2025, some of the largest global enterprises will be of Indian origin. India will also become the second largest consumer market in the world, and will be able to attract global enterprises from around the world. He specified that India will be in a position to partner with countries like Bolivia, Peru, Myanmar, Egypt, and many resource-rich African countries on the business front, as India’s global alignment will be less on ideology and more on markets and resources. He also predicted that India will gain a lot of geopolitical clout, including a permanent seat in the UN Security Council.

Dr. Sheth attributed these bright predictions for India to its huge resource advantage. He focussed on India’s demographic dividend, as India’s population will have the largest young educated workforce by 2025. He also spoke about India’s rich natural resources, including agricultural and agricultural raw materials, and livestock. Dr. Sheth also spoke about the vast Indian Diaspora of more than twenty million Non-Residential Indians, who are continuously being recognized as a great asset for the ascendancy of India as a globally integrated economic superpower. He also spoke about the great diversity prevalent in India, which is functioning diversity across languages, cultures, geography and to a large extent, across religions.

Despite these great resource advantages, India also possesses significant legacy weaknesses. Dr. Sheth spoke about the Indian Economy, which is highly fragmented and lacks scale advantage. He attributed this to the government’s historical policy to limit the production capacity by licenses, and also due to the presence of many family-owned businesses and the unorganized sector. Dr. Sheth also spoke about the lack of infrastructure as a major concern, especially in the manufacturing domain, since a large manufacturing base is crucial for a nation to become a global sourcing destination.

Dr. Sheth also emphasized on the lack of enforcement in the country as one of its weaknesses. He reiterated that India needs governance badly, as without proper governance and civic mindset, it has the potential to “disintegrate into a society of powerful mafia groups who extort wealth from the economy”. Dr. Sheth also spoke about the lack of investment in the education and investment sector as one of India’s major weaknesses.

In order to start the reforms, Dr. Sheth mentioned that India needs a sense of urgency and purpose. People need to ask what they can do for the nation, and not the other way round. Massive investment in infrastructure is also imperative, as it is the foundation of economic growth and prosperity. He specified that India should refocus on “manufacturing anchored to its resource advantages”, and embrace inclusive growth to reduce the gap between the rich and the poor. He also spoke about the massive political reforms that are necessary for the economic reforms to achieve their full potential. Dr. Sheth concluded by saying that despite all the obstacles, he is optimistic about the future of India, as he believes that the world needs India more than ever today for global growth.

TAPMI in Top 15 B-Schools in India

Check out the latest issue (October 17, 2010) of The Week magazine where TAPMI figures in the Top 15 B-schools in India.

TAPMI has been ranked 4th in South Zone after ISB, IIM Bangalore and IIM Kozhikode.

TAPMI is in the final stage of accreditation for AACSB (Association to Advance Collegiate Schools of Business) and we hope by end of this year TAPMI will become the first business school in the country to get this prestigious recognition, a mark of quality of education all around the world.

The current year also witnessed TAPMI launch a slew of initiatives:

  • Leadership Lecture Series
  • India’s First Blue Ocean Strategy Research Center
  • Disha – HR Conclave , 2010

Definitely, the mood is upbeat in the campus and we hope to keep the momentum going!

Cricket, with a difference, in TAPMI

Well Cricket @ TAPMI

It was one of those rare “long weekends” in TAPMI (Saturday & Sunday off)! PGP-1 had just finished their end theme exams. The time for fun couldn’t have got any better when the Ayodhya judgement dates fell on this “fun day”. As a precaution, the students were advised to get back in campus by 8 PM. Also, none of the popular student hang-outs were open in Udupi/Manipal on the directions of the district administration.

Just when students thought that there was no fun to look forward to after the exams, the Sports Committee of TAPMI, popularly known as SportsCom, took this opportunity to organize cricket in the “well area” of the student’s centre under the lights from

8 PM onwards. Though the game takes inspiration from cricket, the rules are quite strange keeping in mind the space constraints. And this time around, SportsCom introduced even more strange rules into this game of “well-cricket” played in TAPMI.

All teams had to compulsorily have a girl in the team. This was done with an intention of involving the girls into this game rather than being called as the “guy’s game” in TAPMI. To give them a fair chance, rules were introduced that the runs scored by the girl will be doubled. Also she had to bowl one over in the match. And at the end of the tournament, it turned out that this particular over bowled by the girl, turned the tide of the match in most matches. In fact, the highest wicket-taker in the tournament, turned out to be the female member of the winning team!!

The event turned out to be a huge success with over 16 teams participating and a wonderful crowd to cheer them up. In the end, everyone had a welcome break from the rigorous life in TAPMI.

– SportsCom