“The text has positive development content, but this needs to be built upon and fully realized. Government will continue to engage various stakeholders in each of the areas to ensure the best result which will fully protects our farmers, industry, and our overall national interests”.
“The on-going changes in world demography, with the greying of populations in the developed world – the workforce, not just labour, but the skilled and technologically qualified manpower - would come from developing countries. This is an opportunity for India, which in ten years will have a workforce (not population, but workforce) larger than even China. With a right blend of IT, biotech and pharma manufacturing, India could be the key destination for knowledge process outsourcing (KPO) and engineering process outsourcing (EPO) along with business process outsourcing (BPO)”, Shri Kamal Nath stated.
On this occasion, Director IIFT, Shri Prabir Sengupta announced that the IIFT Kolkata Centre will start functioning from July 2006 with start of the flagship MBA (IB) programme. "Another fresh initiative of the Institute is the setting up of SME Centre.
“As the SME sector continues to play a crucial role in our globalizing economy towards national development, the need for providing training and developmental activities specific to SMEs assumes importance.”
This year at IIFT, there has been a very good response in campus placements. On the very first day of the placement week, the entire batch was placed, walking out with a record high annual domestic salary and international salary of Rs.10.55 lakh and US$ 100,000 respectively.
The average domestic salary this year was Rs.8.1 lakh compared to Rs.7.28 lakh last year. A vast array of companies from different sectors like FMCG, Banking, Consultancy, IT, Pharmaceuticals, Trading and Logistics participated in the recruitment drive.
Press Information Bureau Government of India
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