After 35 years, IPM can humbly say that it has contributed in a small way to India’s industrial and management development.
The last few years have been quite momentous. The worldwide economic crisis triggered by the developed world has catapulted the BRICS nations to be the agents of change. Not only do these countries have a large young population, but there is a huge urge to raise the standard of living. All these nations have a great deal to offer to the world as well as a lot to learn from each other. South Africa, for example, is rich in natural resources but it needs educated minds to harness the resources and add value. It cannot be allowed to just be a supplier of raw materials. Brazil, on the other hand, can become the food
basket to the western hemisphere because of its fertile plains. Russia too is rich in minerals but it needs to move on from its oil- and gas- based economy. China shows a great appetite for natural resources but it needs to push economic development into its heartland. India with its young population cannot just depend on information technology; it has to improve its industrial and agricultural output too.
All this can happen with proper education in management, exchange of ideas and people, and the working together of BRICS people. An institute with equal participation form BRICS nations can be established in South Africa where young people from these countries can study together, form partnerships and start joint entrepreneurial ventures.
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