Kapil Sibal, Minister of Science & Technology, Confers Diplomas at IMI-Delhi

Kapil Sibal, Minister of Science & Technology, Confers Diplomas at IMI-Delhi

The Honourable Minister of Science and Technology and Earth Sciences, Shri Kapil Sibal, awarded medals and distinguished awards to three former students of International Management Institute (IMI) for their outstanding performance and their distinguished achievements in their respective fields. The honours were bestowed at the 23rd Annual Convocation of IMI held on April 18, 2007 around 5:30 p.m.

Shri Kapil Sibal Awarding Diplomas to IMI Graduates

While giving his convocation address, Shri Kapil Sibal emphasized that for 'a country of the size of India, with its religions and ethnic diversities, the key policy challenge is to boost productivity and growth through increased knowledge-intensive economic activities while maintaining the social structure and cohesion. The unfolding scenario, thus, calls for instruments and policies that are responsive to the new global environment but are rooted in our rich local ethos'. The Minister noted the vigorous pace of technological change in today's dynamic environment and highlighted the need to better understand how all the institutions and actors in the 'National Innovation System' interact. The need for this understanding derives from the fact that productivity increases are the only sustainable way to improve living standards for citizens.

He was, however, uncertain about Governments capacity to address systemic failures that can emerge, say, from mismatches between different components of the innovation system, conflicting incentives for market and non-market institutions, etc. According to the Minister, we need to 'consider what organizational innovations are needed to bridge the gap between the management systems in the government and the progressive corporate sector. These are a few of the areas where we seek policy inputs and advice from institutions like IMI'.

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Contributed by -
Anjali Sinha,
Executive Corporate Communications,
International Management Institute, Delhi.

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