French companies mull ski resorts in Gilgit Baltistan

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New Delhi, Oct 27 | French investors have voiced a deep interest in building ski resorts in Gilgit Baltistan, finding the region ideal for developing ski tourism, which has a multi-billion dollar international market, The News reported.

The Board of Investment (BoI) in coordination with the Gilgit Baltistan government organised the visit of a French delegation to five districts including Ghizar, Phandar, Astore, Nagar, and Skardu.

Upon their return, the delegation will also meet representatives from the minister of Information & Technology and National Incubation Center (NIC) to discuss areas of mutual cooperation, the report said.

The delegation led by Federico Juan Tomas Espana, Honorary Investment Counselor (HIC), France, held a meeting with the Secretary BOI Fareena Mazhar.

Espana and the French delegates expressed keen interest in investing in the tourism sector of Pakistan, particularly setting up ski resorts in Gilgit Baltistan region.

During the interaction with the French delegation, Secretary BOI said the board had signed a memorandum of understanding with Business France for investment cooperation and facilitation, exchange of information and knowledge sharing.

As follow-up, various webinars were held and detailed presentations on investment opportunities, incentives, and policies were delivered by BoI, she added, the report said.

“However, there is a dire need to enhance investment cooperation and coordination between the two IPAs,” Mazhar added.

She also apprised the delegation on the new Investment Strategy 2020-23, launched recently to attract foreign investment in different sectors of the economy.

“The strategy provides comprehensive investment cycle, consisting of policy advocacy, market research, investment facilitation, promotion, protection including investors tracking, sector scanning and after-care services to investors and projects,” she said.

The secretary also informed the investors about the 22 Special Economic Zones (SEZs) and invited French companies to establish businesses in the already established SEZs or opt for establishing an exclusive SEZ for French companies.

She further said that in order to facilitate international investors in Pakistan, BOI had developed an online database of available 120 projects with federal/ provincial governments worth $60 billion, available on the organisation’s website, the report added.

Source: IANS

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Does MBA really help in getting a better job offer ?

Does MBA really help in getting a better job offer ?

Most students pursuing an MBA come with the sole objective of having a decent job offer or a promotion in the existing job soon after completion of the MBA. And most of them take loans to pursue this career dream. According to a recent survey by education portal Campusutra.com  74% MBA 2022-24 aspirants said they would opt for education loans.

There are exceptional cases like those seeking master’s degree or may have a family business to take care of or an entrepreneurial venture in mind. But the exception cases are barely 1%. For the rest 99%, a management degree is a ticket to a dream job through campus placements or leap towards career enhancements. Stakes are high as many of them quit their jobs which essentially means loss of 2 years of income, apprehension and uncertainty of the job market. On top of that, the pressure to pay back the education loans. Hence the returns have to be high. There is more than just the management degree. Colleges need to ensure that they offer quality management education which enables them to be prepared for not just the demands of recruiters and for a decent job but also to sustain and achieve, all along their career path.

  • So, what exactly are the B Schools doing to prepare their students for the job market and make them industry ready ?
  •  Are B schools ready to deliver and prepare the future business leaders to cope up with the disrupted market ?  

These are the two key questions every MBA aspirant needs to ask, check and validate before filling the MBA application forms of management institutes. And worth mentioning that these application forms do not come cheap. An MBA aspirant who may have shortlisted 5 B Schools to apply for, may end up spending Rs 10,000.00 to Rs 15,000.00 just buying MBA / PGDM application forms.

While internship and placements data of some management institutes clearly indicates that recruiters today have specific demands. The skill sets looked for are job centric and industry oriented. MBA schools which have adopted new models of delivery and technology, redesigned their courses, built an effective evaluation process and prepared the students to cope with the dynamic business scenario, have done great with campus placements despite the economic slow down.

However, the skill set being looked for by a consulting company like Deloitte or KPMG may be quite different from FMCG or a manufacturing sector. Institutes need to acknowledge this fact and act accordingly.

  • Management institutes should ensure that students are intellectually engaged, self motivated and adapt to changes fast. In one word ‘VUCA ready’.
  • B Schools should encourage students to participate in national and international competitive events, simulations of business scenarios.
  • Institutes should have the right mix of faculty members with industry exposure and pure academics.

The placement records of 2021 across top management institutes indicated the fact that recruitment is happening, skilled talent is in demand and certain management institutions continued to attract recruiters even in the middle of an ongoing crisis.

It is time, all management institutes rise to the occasion, understand market realities and identify areas of improvement at both ends – students and faculty.

After all, the stakes are high at both ends. B Schools taking corrective measures will stay while those which are lagging will end up shutting down.

Author Name : Nirmalya Pal

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