New Delhi, August 30th, 2010: Riding on the success of the first session of its ‘Wisdom on the Board’ lecture series, Asia-Pacific Institute of Management, New Delhi, a premier management institute in India, today invited Mr. V.K. Gulhati, Director (Technical) of Steel Authority of India (SAIL), to interact with the faculty and to address senior PGDM students on the current relevance of the topic “Present Challenges and Opportunities ahead for Indian steel industry and special focus on SAIL”.
“Wisdom from the Board” lecture series is aimed at providing practical know-how’s of how the corporate world functions. With an insight straight from some of the industry veterans, the students will have crystallize concepts to enhance the thinking process for better quality decision-making and sustaining in the competitive world.
Dr. D.K. Banerjee, Director, Asia-Pacific Institute of Management, New Delhi and Dr. Satyanarayan Dash, Sr. Professor & President (Corporate Affairs) facilitated the esteemed dignitary.
Dr.Dilip Kumar Banerjee, Director, Asia-Pacific Institute of Management, said, “We are happy to have amidst us, a true specialist from our industry itself, who is a part of an organization, which has been contributing to the Indian economy at large. We thank Mr. Gulhati for taking time out of his busy schedule and share his valuable insights with our faculty and students. “Wisdom from the Board” is an endeavor to sensitize our students about the pros and cons of the corporate world by holding such lectures from the veterans of the industry.”
As a part of the lecture, Mr. Vijay Kumar Gulhati, said, “It is indeed a great honour to come here and address the budding managers of intelligent India. Steel Authority of India Limited has undertaken a massive journey to be what it is today. SAIL is the largest manufacturer of steel in India. With an authorized capital of INR 5000 crore, SAIL has 37 branches, 67 warehouses, 26 customers contact offices and 2500 dealers across the country. 85.82% share is owned by Indian Government and one of Maharatna PSU’s. The principal drivers of steel demand are construction, automobile and auto components, infrastructure, and consumer durables”.
“During the economic meltdown also SAIL has been posting excellent results with a turnover of $10 billion as well as retaining its 20% market share. This has been the result of excellent disaster management conducted by the entire team. Infact the existing capacity is 12.84 million tonnes; by 2013, we attempt to produce a total capacity of 21.4 million tonnes and by 2020, about 60 million tonnes. In a constantly changing scenario, we need to upgrade time and again so as to retain our dominant position in the market. With India the fastest growing economy in the world, there are ample amount of opportunities that are showing up which needs to be tapped because opportunity once missed cannot be retained again. It is equally important to leverage strong points and overcome weakness if we want to beat the odds and come out triumphant”, he added.
The first lecture of the series was given by Mr. B.P.Rao, Chairman and Managing Director of Bharat Heavy Electricals Limited. The motive of the corporate interaction was to instill confidence among budding managers to dream about working and heading for Indian PSUs. The lecture was organized as a part of enhancing the industry interface with the students of Asia-Pacific.
Asia-Pacific Institute of Management have always applied a pro-active and industry-oriented academic approach for preparing students to face the challenges of today’s competitive business environment with confidence using innovation, creativity and problem-solving approach built during the delivery of PGDM programmes. The institute will continue to bring in industry veterans who can explain the changing facets of business in accordance to market transition and adaptability. The institute aims to organise such programmes in future to give a broad area for students to learn and explore different aspects of how the industry functions.
About Asia-Pacific Institute of Management, New Delhi
Asia-Pacific Institute of Management, New Delhi was established in the year 1996 with a vision to make a difference in the quality of business and management education and practices in India and Asia. Approved by The All India Council of Technical Education (AICTE) the PGDM programme has won the recognition from National Board of Accreditation (NBA). It also offers AICTE approved PGDM programmes in various specialized fields of management, such as PGDM (Marketing), PGDM (International Business) and PGDM (Banking & Finance). Asia-Pacific Institute of Management, New Delhi is ranked as an A+ category Business School and rated as the best in “Programme Delivery” among the super league of Top 20 business schools in India.
For further details, please visit: www.asiapacific.edu
For more information, please contact:
Akhil Malviya/ Lopamudra Baruah
Mavcomm Consulting Pvt. Ltd.
Mob: 9313188151/ 9873506956
E-mail: akhil@mavcommconsulting.com /lopamudra@mavcommconsulting.com
