Delhi and Kolkata based Indian Institute of Foreign Trade (IIFT) has declared the shortlist of students who have done well in IIFTs written exam IIFT 2007. The shortlist was declared on December 12.

According to IIFT, 910 students have been selected for Group Discussion and Personal Interview (GD & PI) for IIFTs MBA (International Business) program. The shortlisted students will now appear for GD & PI for the admission of batch of 2008-2010.

This came out clearly during the power panel discussion on the Day-3 of TiE Summit. The panel was addressed by Marketing analyst Rama Bijapurkar; Kris Gopalakrishnan, CEO & Managing Director, Infosys Technologies; Shekhar Gupta, Group CEO, Indian Express Group and Russell Parera, CEO, KPMG India.

Said Mr Chidambaram, Human resource (HR) is the most important building block of building the new India. Today, our quality of HR is poor because of lack of proper education. The state of education in India is appalling! This must change.

Mr Chidambaram added that government was conscious of this fact and will be addressing this in next five year plan. Said Mr Chidambaram, Our allocation on education will increase substantially in next five year plan. As much as 19 % of total 11 th plan spending will be in the area of education.

Just one year ago, BusinessWeek reported that Chinese business schools were a big disappointment to recruiters. In fact, less than 20% of recruiters found that grads of Chinese business schools were good or excellent. At the time, China had only had MBA programs for about 15 years, so the dismal showing wasnt surprising.

India needs to impart relevant skill to 10 million people every year to reap the benefit of globalization, Oscar Fernandes, Union Minister of State for Labour and Employment, said at CII International Conclave on Skills Development with the theme Building People Building India on December 12, in Delhi.

Said Mr Fernandes, Our population is not a problem, but an asset. We should provide our workforce world-class training and skill to excel in the new world order.

Inaugurating the 12th international conference of Asia Pacific Researchers in Organisation Studies (APROS) organized by Management Development Institute (MDI), Gurgaon, Mr Chaturvedi said, globalization has witnessed tremendous changes in world fiscal and governance scenario and the situation now calls for thorough revamping of global economy management and governance.

More than 200 delegates from South East Asian and Latin American countries and India are attending the 12th APROS conference. The three-day conference will conclude on 12 December 2007.

The event goes through 3 rigorous rounds, starting off on November 24th, 2008. With seed investments to the tune of Rs. 1 Crore being made available, the event is seeing students and professionals from across India pitching forth their business plans.

Highlighting the improving investment ecosystem in India during TiE Entrepreneurial Summit (TES) 2007 in New Delhi on December 11, Deepak Kamra, General Partner, Canaan Partners said, Indian venture capital industry has come a long way. Last year, 20% of the investments in India were in the area of Internet, 25 % in IT/ITES and 7% in Mobile and VAS.

Thats the message coming from one of the worlds most influential management thinkers Prof C K Prahalad. While delivering his much anticipated address on the Day-2 of the TiE summit in New Delhi, Prof Prahalad said, India can be the place where world discovers the next practice. Indian market is a very complex one, with a large Bottom-of-pyramid market. India should become the global business lab.

In his address, Prof Prahalad laid out four major principles that can make India the hub of business innovation. The principles are:

The Entrepreneurial Confidence Index aims to analyze the socio-economic environment in India affecting the development, sustainability and growth of the entrepreneurial climate in the country. The study is being jointly conducted by TiE and KPMG. The initial insights into the study were shared by Pradeep Udhas, Head of Markets & Global Partner in-charge Sourcing Advisory, KPMG and Gita Dang, TiE Delhi at the TiE Entrepreneurial Summit (TES) 2007 in New Delhi today.