Entrepreneurship to fuel India's growth in 21st century: Munjal

Lucknow, Mar 19 (UNI) Laying emphasis upon entrepreneural spirit among fresh management graduates, Hero Group chairman Brijmohan Lall Munjal said entrepreneurship will fuel Indian growth in the 21st century.

''Our economic policies have become liberal and growth oriented to compete on global turf, we need entrepreneurs with vision and risk taking abilities,'' Mr Munjal said, while addressing the 20th convocation of the Indian Institute of Management, Lucknow (IIM-L) here last evening.

All the 249 students of the Post Graduate Programme (PGP) and Post Graduate Programme in Agri-business Management have already been successfully placed.

Nine IIM-L students opted out of placements and decided to launch their own ventures and start-ups.

Congratulating these students, the Hero Group chairman, however, maintained that more business graduates need to turn into entrepreneurship and become job creaters rather than job seekers.

Speaking on the Union Budget, the Padma Bhushan awardee claimed the government had given impetus to rapid and composite economic development of the country.

''The ambitious Bharat Nirman and National Highway projects are sure to turn things around for India in a big way and create jobs on a mammoth scale.'' Mr Munjal said these development projects would also provide basic eminities such as water, sanitation, education and health to the crores of Indians living in remote areas.

''In the last 15 years, India's growth rate has been among the top six in the world...we have the potential to transform the world economy in the next decade,'' he elaborated.

Commenting on business ethics and essentials, he said perseverance, team work, time management and taking failures in stride go a long way in charting a successful corporate journey.

The convocation was also addressed by Institute Director Dr Devi Singh and Hari Shankar Singhania, Chairman of Board of Governors, II M-L.

The maximum salary for international and Indian placements stood at 75,000 US Dollars and Rs 16 lakh respectively.

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