'Inauguration of the Hindu Business Line Club'

Yet Another Milestone..

Dr. T.P. Ganesan auditorium at SRM Institute of Science and Technology (formerly known as SRM University), Kattankulathur campus witnessed the august presence of important personalities from fields like banking and media for the Inauguration of the The Hindu Business Line Club. It was yet another milestone in the history of SRM since the event happened on the auspicious occasion of the Chancellor's birthday.

The event, sponsored by The Hindu Business Line and the SRM Institute of Science and Technology (formerly known as SRM University) started with the invocation song. The ceremony was formally inaugurated after the dignitaries lit the lamp on the dais. Dr. N. Sethuraman, the Registrar, SRM Institute of Science and Technology (formerly known as SRM University) delivered the welcome address. Mr. N. Ram, Shri. Rajiv Kishore Dubey, and Dr. Subir Gokarn were the guests of the day.

While delivering the presidential address the Vice Chancellor, Dr. M. Ponnavaiko, SRMU, congratulated the School of Management for coming out with such a club. The Vice Chancellor pointed out that only after 65 years of independence India stands as 12th richest in the world. He stated that India could claim as a strong economy only after the development of the rural population. He said that the media should bring out the issues of the rural people to the limelight.

Dr. T.P. Thangaraju, Pro Vice Chancellor, SRMU presented the special address and he advised the aspiring business graduates of SRM to remember that mass customization is important than mass production. He added that any technological innovation has to penetrate all the three levels in an organization, the working group, middle men - managers and the executives.

Mr. N. Ram, Editor-in-chief, the Hindu in his keynote address recalled the inauguration of the Business line club held at SRM in the year 2008. Expressing his delight in partnering with SRM, Mr. Ram stated that to excel in academics an institution need to possess the following factors: good curriculum, infrastructure, faculty, transparency, fairness and career opportunities. He appreciated SRM for its relentless pursuit of excellence.

He remarked that about 25,000 students from various colleges in and around Chennai are part of the Hindu Business club. He also mentioned that the Hindu shares a long term relationship with the Central Bank of India and he thanked them for their constant support. Mr. Ram said that, Dr. Subir Gokarn, the chief guest, banking professional was also a columnist with the Business standard for 13 years.

Business clubs, he assured would conduct regular lectures, quizzes, interactive games to facilitate the learning process for the management students. Highly relevant to the audience interests, he quipped that the Anti-Corruption movement is a good subject for a case study.

Shri. Rajiv Kishore Dubey, the Executive Director, Central Bank of India delivered the special address. He explained that the year 2011 is the centenary year of the Central Bank of India and he added that the bank is ready to help the students who deserve higher education. He said that the Business Line club (BL club) would act as a bridge between academia and the real business world.

Dr. T.R. Pachamuthu, Chancellor, SRMU was also present in the occasion and all the guests of the occasion wished him Happy Birthday. The Chancellor announced the public that Pudiya Thalaimurai, a Tamil television channel was launched with the immense support from the youth population. In his address, he said that all the graduates of the SRM would be successful in their endeavors. He commented that the Hindu has reached an important position and he said that his day would never complete without reading the newspaper the Hindu.

Dr. Subir Gokarn, Deputy Governor, Reserve Bank of India delivered the BL club inaugural guest lecture on the topic, "The Future of Organisations - Environmental Drivers and Strategic Responses". He detailed the essential forces responsible for a successful organization - Markets, Globalization, Technology and Regulation. In his lecture, he enlightened the students that a competitor for them could be anything from anywhere.

He stated the challenges and limitations the multinational corporations face in different cultural environment. Globalization has led to the boundary less market place. He explained that an organization would compete with the other in one area and would collaborate in some other field.

He said that the talent, the skill one possesses would get them to a place they deserve. Explaining that Knowledge hierarchy displaces the administrative hierarchy he added that there are organizations with CEOs in their mid 30s. For an effective employee to sustain in an organization there are four things which are indispensable. They are Knowledge, ethics, relationships and trajectory.

Mr. K. Venugopal, Joint Editor, Business Line delivered the vote of thanks. He promised that the Business Line would continue its support to equip the students of SRM to compete in the business world. He thanked Dr. Subhir Gokarn for the illuminating lecture. The programme then ended with the national anthem.