The President of India, Smt Droupadi Murmu inaugurated the Foundation Week of Indian Institute of Management Bangalore as part of its golden jubilee celebrations at Bengaluru, Karnataka today (October 26, 2023).
Speaking on the occasion, the President said that IIM Bangalore has been nurturing and promoting management talent and resources. In the last 50 years, it has not only produced managers but also leaders, innovators, entrepreneurs and change-makers. Education at this institution prepares the best of minds to deal with problems, challenges and issues not only in the boardrooms, workplace and the marketplace, but also in every imaginable and perceivable walk of life.
The President said that since its inception, professionalism, efficiency and competency have been the defining features on which IIM Bangalore has stood tall and proved its mettle. She added that it has pioneered innovation and capacity building and has left a lasting impact on education and research. She said that we are living in exciting times and this is the age of the fourth Industrial Revolution. The work being done by the IIM Bangalore’s Data Centre and Analytical Lab in the areas of artificial intelligence, big data, and machine learning will have a profound impact on the future of business and economy.
The President said that IIM Bangalore, known for its excellence and calibre, has been declared an Institute of National Importance. She added that a trust has been reposed in this institution which is seen with a lot of hope and optimism. She further said that this institute is a place where talent meets aspirations and good intentions.
The President advised the future wealth creators to imbibe Mahatma Gandhi’s lessons of life which are not inconsistent with the ethics of business. She highlighted that without ethics, success was sinful for Gandhiji. She advised students to aim for excellence in professional and personal lives, and live up to the great legacy which comes along with their association with IIM Bangalore. She said that they should not complain about the world they inherited but should leave behind a world where future generations have nothing to complain about and where they can live with harmony, optimism, prosperity and equality.