In the current milieu, areas like finance, marketing and systems management will fuel innovation, while start-up ventures will unleash creativity, he said while addressing the Annual Convocation 2009 at IIM Ahmedabad (IIM A) on March 28, 2009.Commenting on the current recession, Mr Parekh says, Things have changed dramatically in last one year or so. A year ago, the Indian economy was brimming with confidence. But when one looks at the enormity of the crisis today, the truth is that we were all caught off-guard. One underestimated how coupled the global economy was.

In the current milieu, areas like finance, marketing and systems management will fuel innovation, while start-up ventures will unleash creativity, he said while addressing the Annual Convocation 2009 at IIM Ahmedabad (IIM A) on March 28,
2009.Commenting on the current recession, Mr Parekh says, Things have changed dramatically in last one year or so. A year ago, the Indian economy was brimming with confidence. But when one looks at the enormity of the crisis today, the truth is that we were all caught off-guard. One underestimated how coupled the global economy was.

He was speaking on the occasion of Indian Institute of Management Indore (IIM I) annual Convocation, held on March 30, 2009.

Ace banker Mr Kamath is also holding the office of the President of the Confederation of Indian Industry (CII); and he is a member of the boards of the Indian Institute of Management Ahmedabad (IIM A) and the Manipal University.Mr Kamath has a degree in mechanical engineering and a masters degree in business administration from the Indian Institute of Management, Ahmedabad. He started his career in 1971 at ICICI, an Indian financial institution that founded ICICI Bank and merged with it in 2002.

SPJIMR has garnered support from its influential alumni network and making use of its relationship with over 1200 companies. The institute has created a unique mark by crafting what seems like a perfect culmination of its PGDM course. Around 119 companies visited the campus giving 183 offers to the 164 students of PGDM 2009, with 83 of these companies being first-time recruiters.

He further said, I have learnt in my long career that, to create professionals, we need to follow five basic principles. These are: Dream very big, Be the master of your trade, Be positive, Do not aim for materialistic things, and Never give up.
He further added, In these troubled times, students need to realize that success is a process, not an event.

The institute has hiked the PGPM fees for the second consecutive year.The fees of the two-year course have now been raised to Rs 12.5 lakh from Rs 11.5 lakh, which will be applicable for the incoming batch of 2009-11. A decision in this regard was taken on March 29, when the board of governors reconvened under the chairmanship of Dr Vijaypath Singhania for a second day. The board had reconvened after the meeting held on could not arrive at a decision on the fee issue.

XLRI has maintained its cent percent record for the batch graduating in 2009. Students witnessed unparalleled job opportunities across the crme de la crme of the corporate world. The highlight of the placement season remained XLRIs resilience in maintaining top-notch profiles and roles which remain unmatched in the B-School circuit.

These companies are ABB, Anand Group, Aditya Birla Group, Avantha Group, BPCL, Dr Reddy Lab, GSK, Hindustan Unilever, Kohler, Mahindra, Max, SAS, Schneider, SRF and Tata Steel.The founder and CEO of SOIL, Mr. Anil Sachdev, who is also the Founder and CEO of Grow Talent Company Limited, says that the institute has a vision to create a platform for transformational leadership learning and business excellence relevant to the dynamics of the world.