Modi meets with Qualcom CEO to highlight hi-tech opportunities (Lead)


New York, Sep 23 | Prime Minister Narendra Modi started his campaign to welcome more investments and enterprise creation in India with a meeting with wireless technology giant Qualcomm CEO Cristiano Amon in Washington on Thursday.

After their meeting, the Prime Minister’s Office tweeted that they “had a productive interaction. PM Modi highlighted the vast opportunities India offers. Mr. Amon expressed keenness to work with India in areas such as 5G and other @_DigitalIndia efforts”.

It added that they discussed “investment opportunities in hi-tech sectors in India. Discussed recent electronics & telecom manufacturing PLI schemes; & measures to strengthen innovation ecosystem”.

When the leaders of the Quad — Modi, President Joe Biden and Prime Ministers Yoshihide Suga of Japan and Scott Morrison of Australia — meet on Friday, semiconductors will likely be a priority in their agenda.

The US and others plan to diversify their semiconductor manufacturing because of its strategic importance and India could benefit.

The supply chain for semiconductors has been disrupted resulting in manufacturing from digital devices to automobiles hit by shortages creating strategic worries for the US.

CNBC quoted consulting firm, Alix Partners, as reporting that the global automotive industry will alone suffer losses of $210 billion in revenue this year because of chip shortages.

Japan’s business publication Nikkei reported last week that a draft of the Quad summit joint statement would “agree to work toward creating a safe supply chain for semiconductors”.

In his address at the United Nations on Tuesday, Biden said that the Quad was being “elevated” to meet challenges in emerging technologies, among others.

Qualcomm, with a market cap of about $150 billion, is a leader in the manufacture of chips used in everything from cameras to aircraft and a pioneer in 5G technology.

Modi also held one-on-one meetings with CEOs of software company Adobe, renewable energy company First Solar, arms manufacturer General Atomics, and investment management company Blackstone.

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  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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