Padma Bhushan Narayanan Vaghul, Chairman, Board of Governors, IFMR, declared the Convocation Open and congratulated all the graduating students and their proud parents and wished them all the best.
Prof. C. V. Krishnan, President, IFMR, delivered the welcome address, followed by the presentation of Institute’s report by Dr P K Biswas, Director, IFMR. Prof Biswas highlighted the events and activities by the students and also various achievements by the institute which includes another year of 100% placements with increase in the average salary and the award from ASSOCHAM for being the best business school in CSR. The Director also announced the launch of new specializations in Data Sciences and BFSI (Banking-Financial Services-Insurance) which are meticulously developed by IFMR with extensive inputs from the Industry. With the strong need for trained management professionals in Business Analytics, IFMR’s Data Sciences specialization shall address this requirement with rigorous training of students on all the latest concepts, technology and industry practices.
The graduation pledge was taken after the inaugural address and the Chief Guest presented the Certificates to the graduating students. 180 PGDM Students, 24 students of the Working Executives Programme and 3 PhD scholars were awarded the graduation certificates.
The Chief Guest also honoured the meritorious students with the following medals:
- A SIVASAILAM MEDAL for Meritorious performance - Ms Saisree Divya Nynaru of PGDM 2014-16
- C M KOTHARI MEDAL for Meritorious performance - Mr Sujith Devadas of PGDM 2013-16
- A M M ARUNACHALAM MEDAL for Meritorious Performance - Mr Abhinav Arasu of PGDM 2013-16
- Mr. Koushal V N of 2013-2016 won the medal for his meritorious performance in PGDM 2013-16
- Ms. Saranya R won the medal for her meritorious performance in PGDM 2013-16
H T PAREKH MEDAL for Best Outgoing Student was given to Ms Swetha Raghu of PGDM 2014-16 for her all round performance in academics and co-curricular achievements.
Mr. Puspendu Datta, Vice President- Sales, DSP BlackRock Investment managers Pvt. Ltd. was honoured with the Distinguished Alumnus award.
The most awaited Convocation address was delivered by the Chief Guest Dr. Arvind Subramanian, Chief Economic Adviser, Government of India. He congratulated all the graduating students and gave valuable advice on the road ahead. He congratulated the passing out batch and majorly spoke about the status of Indian Economy and one important life lesson for the graduates.
He appreciated the good research, teaching and training undertaken by IFMR and also made a remark that only few campuses like IFMR have the great opportunity of locating themselves amidst industry like in Sricity.
He advised the students to stay away from the gloomy news and negativity and suggested that despite challenges, this is going to be the golden age for developing countries like India, where many economic indicators are very promising. Compared to his graduation days, he claimed that the opportunities now are wider and the future is going to be brighter, prosperous, dynamic and full of opportunities.
He noted that while geographies like China, Brazil, Middle East, Japan and Europe are coping with economic difficulties, India is going ahead as a bright spot where inflation is going down and the fiscal situation is under control and lot of green shoots of recovery is visible. He also commended the Government on the ease of doing business. He commented that if we can continue the good work, 8 to 10% growth is within the grasp.
Dr Arvind Subramanian also gave an important life lesson to the graduates on facing failure. Though he is perceived as a very successful person today, he commented that he has crossed many failures like not getting into IAS, rejection of academic papers etc. and he suggested the students not to get bogged down by failures and treat both success and failures equally and quoted Rudyard Kipling and Gita
He advised the students not to forget the contributions of friends, parents and others in their growth and concluded the speech with his best wishes for the students. .
After the Vote of Thanks by Dr Lakshmi Kumar, Chairperson, PGDM Programme, Mr Vaghul, Chairman, Board of Governors, IFMR, declared the Convocation closed. The event ended with the National Anthem.
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