World Disrupting Via Digitalisation, Decarbonisation, Democratisation Of Business: IIM Sambalpur Director

Amid the geopolitical crisis across the globe and concerns about an economic slowdown, Mahadeo Jaiswal, Director, Indian Institue of Management (IIM) Sambalpur has said the world is changing and disrupting through digitalisation, decarbonisation and democratisation of business.

While speaking at the ninth pan IIM world management conference (WMC) at IIM Sambalpur, he emphasised India's potential to lead the world in digital disruptions, citing initiatives such as Unique Identification Authority of India (UIDAI) and Unified Payments Interface (UPI).

He further said, "Before the colonisation, India had 32 per cent of the GDP of the world. Through innovation, sustainability and 3Ds, we can achieve it back." 

While talking about the recently inaugurated Rangavati Centre at IIM Sambalpur, Jaiswal stated, "This endeavour underscores our commitment to forging a significant bond with the local community, highlighting the significance of embracing and commemorating regional development and diversity."

After inaugurating the Rangavati Centre of Excellence in Cultural and Sustainable Management, Union Minister for Education, Skill Development and Entrepreneurship, Dharmendra Pradhan said that the centre will prove to be a hub for preserving the cultural heritage of Odisha, nature worship and the rich food culture.

He added, "The primary focus of the centre will be research on the art, literature, culture and history of western Odisha, with a special emphasis on textiles."

During the conference, Sudhanshu Sarangi, IPS, Director General, Fire and Emergency Service, Commandant General, Home Guards and Director, Civil Defence, Odisha said that to grow the nation, the state must create inclusive political institutions such as government and elections along with smooth power transition and economic institutions such as property rights, abolishing monopolies, creating a competitive environment for businesses to grow and allowing new technologies to come.

Sarangi stated, “The problem when we look at India is that we are growing at five to six per cent [GDP], whereas we are required to reach ten to 12 per cent. We have a state, we have elections, but to what extent it is inclusive and what more needs to be done is the challenge.”