social responsibility and corporates must go hand in hand

kamal nath addresses convocation of imt/ghaziabad

Monday, February 07, 2005

Social responsibility should never be divorced from corporate goals, Shri Kamal Nath, Union Minister of Commerce & Industry, said today while addressing the convocation of the Institute of Management Technology (IMT) in Ghaziabad (UP). He urged the graduates to seek personal success by all means, but in doing so to also strive to enrich society and to strengthen the country.

“Increasingly, today’s business environment is transiting into what is referred to as a ‘knowledge economy’. Convergence is the name of the game – management, business and technology, all converge into the knowledge paradigm. And it is this paradigm that now defines the entrepreneurial culture of the future. Our prime Minister, in his address to the Confederation of Indian Industry (CII) at Kolkata last month, spoke at length on this concept of a knowledge economy. The knowledge economy is not one that is confined to IT or computers – it is a way of doing business that draws upon the great scientific advances the world has made. Even the smallest and simplest of business activities can benefit from, and be transformed by, the knowledge paradigm”, Shri Kamal Nath said.

He said the mission of IMT was not to change people, but to help them discover their own innate strengths and build upon them.

Shri Azim Premji of WIPRO was Chief Guest at the Convocation. Shri Kamal Nath referred to Mr. Premji as a model for the students because he stood as an excellent example of a person who, in securing his own success, had actually secured the progress of the country and the advancement of society at large.

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SB/MRS