Embracing Change: The Urgent Need for Continuous Learning in Today’s Fast-Paced Knowledge-Economy

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July 14, 2023

Knowledge is changing at a rapid pace, new thoughts are being developed, and old concepts are being questioned. The prospective students shall have to continuously update their knowledge to stay relevant, writes Prof. Binod Kumar Kanaujia, Director, Dr B R Ambedkar National Institute of Technology (NIT), Jalandhar, Punjab in an exclusive interview with Sheeba Chauhan of Elets News Network (ENN). Edited excerpts:

Recently, UGC introduced cyber security courses for HEIs. How cyber security courses are going to create awareness among the students regarding cyber-attacks and risks on the internet. Do you have any cyber security programme at your institute?

As more and more things getting digitalised, enterprises are becoming apprehensive of disruptions, access denials, infiltration of devices, hijacking, data theft, data destruction, fake data etc. At the same time, any complication or restriction in access of data can prove to be counterproductive. Therefore, there is a higher need for adopting granular approach to cyber security, in which access protocols are required to be redesigned with greater sophisticated identification and authorisation. Yes, our institute is offering M Tech Programme in Computer Science and Engineering (Information Security) so as to prepare students to deal with the aforesaid issues.

How is your institution leveraging AI to prepare higher education students for the rapidly evolving job landscape and the changes it brings?

AI is no more in the state of infancy; it is maturing now and becoming a mainstream tool at a very rapid pace. Organisations need services across entire data value chain, right from data acquisition, storage, Machine Learning and algorithm training. Higher education institutes should transform students into industry-ready data scientists who can contribute to organisational efficiencies and productivity through automation of processes. Our institute has established a Centre for Artificial Intelligence that will explore opportunities for the applications of Artificial Intelligence with efficacy. The institute is also offering M.Tech programme in Artificial Intelligence.

Your university is working on a lot of short term courses. How do you propose short-term courses beneficial in comparison to the long term courses?

One must keep learning irrespective of age and education that one possesses. Short-term courses add value in terms of gaining skills, learning about new tools and techniques, and learning new languages. Not only students, but working professionals can also gain from short-term courses, who otherwise can’t leave their work to gain more knowledge. One can gain knowledge or expertise comfortably with greater flexibility and without compromising work-life balance.

As your university has ‘Center for Energy and Environment’. Please let us know what are the various programmes they are working on?

The vision of Center of Energy and Environment is to become a leader in promoting sustainable and equitable use of energy resources while protecting the environment. To reach this destination, the center will work in collaboration with global organisations both from academia and industry for making innovations in terms of developing sustainable energy technology, energy efficiency, remediation of environment, and protection of environment from human-induced energy related environmental change.

The World Education Summit has been igniting transformation in the education industry since its initial edition. What are your thoughts on being a part of the 26th edition of this global platform on 4-5 July in New Delhi?

Education should continue to remain transformational instead of becoming transactional. Education system should focus upon holistic development of individuals who should be able to think critically. In this endeavour, there is high need to provide interdisciplinary multi-disciplinary and trans-disciplinary education. Technology is playing a big role in education these days.

Education systems should use technology to increase their reach to the masses at an affordable cost, so that people from deprived sections of the society, the destitute shall have equal access to education. The education system should not merely focus on transference of knowledge. It should make students capable of generating knowledge.

Knowledge is changing at a rapid pace, new thoughts are being developed, and old concepts are being questioned. The prospective students shall have to continuously update their knowledge to stay relevant. The education systems need to make provisions to facilitate the aspirants through hybrid modes. Further, the generational gaps should also be acknowledged and faculty should know better about the learners of new generations.

SSIR inaugurates Science Centers to encourage STEM education in rural Karnataka

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July 14, 2023

Samsung Semiconductor India Research (SSIR), one of Samsung Semiconductors’ largest global R&D centres, opened “three Mobile Science Labs, two Science Centres, and two Mini-Innovation Hubs in collaboration with the Bengaluru-based non-profit Agastya International Foundation.” The programme is in line with Samsung’s dedication to supporting STEM education, giving students in rural areas of the nation the opportunity to become catalysts for change and future innovators, and fostering an enthusiasm for science and creativity among students from all backgrounds. Through this partnership, Samsung is committed to empowering young minds, enhancing educational standards, and promoting an innovative and scientific culture across the country.

The three recently launched Mobile Science Labs (MSL) are portable buildings filled with science experiments and models that move to underfunded schools in outlying regions. Each MSL provides students from Class V through Class IX with more than 100 hands-on science models that span a wide range of topics in Physics, Chemistry, and Biology. Exploring, experimenting, and experiencing scientific concepts allows students to learn by doing.

On the other side, the two science centres have more than 150 models and experiments in chemistry, physics, biology, ecology, and astronomy. They will act as a resource centre that welcomes teachers and students from government schools to engage with these displays and take part in various activities. Both MSL and the Science Center will serve as a venue for teacher training, Young Instructor (YI) programs, summer camps, community visits and science fairs.

“With the mobile labs and science centers, our endeavour is to spark curiosity and propagate a creative temper in children and teachers through hands-on science education and teacher trainings. Our intent is to usher in a transformative impact on local rural Govt. schools and shape a future where curiosity thrives, and helps to elevate the caliber and quality of education”, Commenting on the initiative, Balajee Sowrirajan, CVP and MD – Samsung Semiconductor India Research (SSIR), said.

The Mobile Science Lab and Science Centre programme intends to deliver STEM education utilising a hands-on, interactive learning method that integrates real-world experience with academic knowledge. In addition to two Science Centres in Hebbal (Bengaluru) and Hunsur (Mysore), this programme will also build three Mobile Science Centres in Haveri, Mysore/Hunsur, and Mangalore. Additionally, two Mini-Innovation Hubs will be established in Hunsur (Mysore) and Hebbal (Bengaluru). These facilities will jointly assist more than 68 additional government schools, which annually serve 8,000 different children from tribal, rural, and urban locations. More than 30,000 students will have the chance to participate in experiential learning each year thanks to this initiative.

In the past, as part of Samsung Innovation Campus (SIC), SSIR also collaborated with the Government of Karnataka to improve technological skills in the Internet of Things (IoT) and Artificial Intelligence (AI) for over a thousand students and teachers in 37 polytechnic colleges throughout Karnataka with adequate facilities, necessary kits, and equipment’s along with IoT and AI-based training for students in accordance with the SIC module.

Experiential Learning: An effective tool to enhance subject knowledge for mechanical engineering students

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July 13, 2023

Mechanical engineering serves as the foundation for all other engineering disciplines with mechanical engineers designing and constructing innovative products, processes, and mechanisms, shared Dr. Sudheer Reddy J, Dean – International Relations, Nitte Meenakshi Institute of Technology, Bengaluru in an exclusive interview with Sheeba Chauhan of Elets News Network. Edited excerpts:

How is the National Education Policy (NEP) aiming to bridge the skills gap in the mechanical engineering sector?

Building a pedagogy appropriate for 21st-century abilities is essential for making education more immersive, comprehensive, integrated, discovery-oriented, learner-centred, discussion-based, flexible, and of course, fun. As a result, the purpose of technical education must be to create transferrable cognitive skills for designing, creating, and managing engineering products, systems, and processes.

The concept of allowing students to study in a single stream at institutions will no longer be acceptable; instead, the curriculum must bridge the gaps between sectors and disciplines. Multidisciplinary studies relate to curricular approaches that integrate subjects and develop new knowledge applicable to new professional tasks.

NEP would undoubtedly assist students in developing cross-disciplinary knowledge and in carrying out interdisciplinary projects with appropriate applications to society and mankind as a group.

2. What are some of the initiatives engineering colleges can take to make their curriculum industry-ready for mechanical engineering students?

Mechanical engineering serves as the foundation for all other engineering disciplines with mechanical engineers designing and constructing innovative products, processes, and mechanisms. As a result, creativity is a crucial talent for them. In addition to generic qualities such as communication, leadership, and mathematics, design and problem-solving skills are important to collaborate with engineers in other areas.

Integration of Curriculum: Replacing outdated subjects such as FEM, CFD and CNC and introducing subjects such as MEMS, Micromachining, and Advanced Mechatronics. This can help students learn how to fabricate electronic components and their application in various fields.

Inclusion of AI tools: Prioritising AI tools and their applications in different fields like agriculture, medical applications, and weather forecasting. Institutions should introduce competent courses related to AI and ML.

Focusing on emerging trends: Focusing on the latest technologies like IoT and Industry 5.0 and incorporating them into the syllabus ensures that students are up-to-date with current trends.

Design thinking: The curriculum must provide opportunities for students to apply the “Design thinking” technique, which offers an entirely new way of thinking and gives a set of hands-on tools for envisioning an innovative product/process. Design thinking aids in understanding user requirements, redefines challenges, and generates innovative ideas for prototypes and testing.

Utilizing software tools: Experiments in laboratories on tools and equipment that are being used in industry, as well as research-oriented experiments with data processing and interpretation utilizing various software.

3. How do you think the current skill gap in the mechanical engineering sector is impacting the employability of graduates in India?

According to a Deloitte report, India’s manufacturing sector is predicted to expand dramatically, creating countless new possibilities for mechanical engineers. However, the salary packages of these mechanical engineers will be determined by their talent and competence in the industries’ latest tools and technology.

Skills expected:

The industry expects incoming graduates to have strong fundamental concepts as well as some competence in particular areas. Hence, the institutes must improve the skills of mechanical engineering graduates by providing short-term industry sought specialised courses such as Automotive Body Design, Electric and Hybrid vehicles, BIW analysis, that enrich students’ resumes.

Employment strategy:

The Mechanical Engineering industry’s employment strategy must be reinvented and scrutinised down to the smallest detail. The graduates should receive extensive information about their career development in the industry. Furthermore, the starting wage for incoming mechanical engineering graduates must be competitive. The sector must include internships, projects, and rewarding compensation with lucrative job roles for the graduates.

4. Can you explain the importance of experiential learning and industry visits in enhancing the skill sets of mechanical engineering students?

Experiential learning can be an effective tool to enhance subject knowledge for mechanical engineering students. Students may struggle to grasp concepts through traditional lectures and textbook learning alone. By incorporating experiential learning, students can apply theoretical concepts in a practical setting, which can help reinforce their understanding and improve their performance.

Experiential learning can take many forms, such as lab experiments, design projects, internships, and cooperative education programs. These experiences can help students gain practical skills, develop problem-solving abilities, and improve their communication and teamwork skills.

Industry tours provide students with a more refined learning experience by allowing them to witness on-site workings, assembly, machinery, production processes, manufacturing units, and the newest technical breakthroughs, among other things.

Industry visits can provide students with networking opportunities, allowing them to meet professionals in the industry and learn about potential career paths. Industry visits also expose students to emerging technologies and trends in the industry. This can help them to stay up-to-date with the latest developments and better prepare for careers in the industry.

5. In addition to technical knowledge, what soft skills are important for mechanical engineers to succeed in their professional careers?

To prepare mechanical engineering students for the modern job market, institutions should consider the following strategies:

Improving soft skills: Soft skills such as communication, leadership, creativity and adaptability are becoming increasingly important in the job market. Institutions should offer training and opportunities for students to improve these skills, through public speaking, teamwork, and leadership workshops.

Imparting AI and Related Domain Skill Set: The field of mechanical engineering is rapidly evolving, and AI is becoming more important in various applications. Institutions should introduce AI and related domain skill sets to students to help them stay ahead of the curve and prepare them for future job opportunities.

Incorporating Management Subjects: Management subjects such as supply chain management, financial management, marketing management, engineering entrepreneurship, and risk analysis can help students become more mature and professional during their college stay. Encouraging students to participate in college/cultural activities organised in the institutions can also improve their interpersonal, planning skills and teamwork.

Knowledge on Entrepreneurship Skills: Many mechanical engineering students are interested in entrepreneurship and starting their own businesses. Institutions should offer courses on entrepreneurship to help students gain the skills and knowledge needed to start their own companies.

By adopting these strategies, institutions can provide mechanical engineering students with a well-rounded education that prepares them for the modern job market.

6. Please tell us about special initiatives taken by the NMIT mechanical engineering department to enhance the skill sets among students.

Softwares introduced:

Introduced coding software such as Python, R, C++ and JAVA as an elective subject for the students, preparing them to apply for Design Automation and ‘Product Life Cycle Management’ principles at the design level. Research and industry application software such as COMSOL Multiphysics, MATLAB, and others have also been introduced.

Laboratory opportunities:

In the first year, a lab-based course called “Innovation and Design Thinking” is offered in conjunction with a specialised laboratory called “IDEA” (Idea Development, Evaluation, and Application), which is supported by AICTE. The curriculum also includes specialised laboratories in Additive Manufacturing, Mechatronics, Heating, Ventilation, and Air Conditioning, as well as EV vehicles.

The department has research-based equipment such as ‘Servo Hydraulic Fatigue testing Machine’, Scanning Electron Microscope, Injection Moulding Machine, CNC turner and more.

Industrial approach:

Two industrial internship opportunities are provided in conjunction with the student projects. And every student project must result in a Scopus/Wos indexed article or a patent.

On a regular basis, industry professionals teach the course content. Students are also mentored academically by NMIT alumni who work in industry.

Multidisciplinary approach:

Students can take up courses and pursue minor programs in Microcontrollers, Energy Environment & Sustainability, Electric Vehicle Technology, Cryogenics, AI & ML, Data Analytics, Python, and other topics. Courses on skill development and ability enhancement are also included in the curriculum.

Former upGrad CEO appointed as BYJU’S new CEO

Corporate Updates

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July 13, 2023

Arjun Mohan, a former upGrad CEO, has been named the new CEO of the Indian edtech firm BYJU’S, according to persons with knowledge of the situation who spoke to Business Today.

It’s important to note that Mohan is working at BYJU’S again. He spent more than ten years as BYJU’S’s Chief Business Officer prior to this. In 2020, he left the organisation to become CEO of upGrad.

A period of controversy and public scrutiny surrounds the edtech company during the time of the leadership change. Employees’ offer letters have been delayed by the corporation for up to six months.

In addition, a number of former workers claimed that BYJU’S was delinquent in paying provident fund obligations to the appropriate entity, namely EPFO. Despite this, the business continued to collect employee dues. The EPFO launched an investigation into the corporation after this was discovered.

In addition, Deloitte, BYJU’s auditor, resigned last month citing a “significant impact” on its capacity to audit the company as a result of the edtech company’s refusal to give financial data despite the auditor’s repeated demands. Following this development, the Serious Fraud Investigation Office (SFIO) of the Union Ministry of Corporate Affairs began investigating the company.

Notable resignations from the company’s board of directors last month included G.V. Ravishankar of Peak XV, formerly Sequoia Capital India, Vivian Wu of Chan Zuckerberg Initiative, and Russell Dreisenstock of Prosus, representing three out of the company’s six board members, or half of the board. Only Byju Raveendran, Riju Raveendran, and Divya Gokulnath remain on the board of directors after the high-profile resignation.

IIT Roorkee Partners with Imarticus Learning to launch Certification Program in HR Management and Analytics

Higher Education

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July 13, 2023

IIT Roorkee Partners with Imarticus Learning

IIT Roorkee’s Continuing Education Centre has significantly advanced a number of technological fields. The Certification Programme in Human Resource Management and Analytics has been launched by IIT Roorkee in partnership with Imarticus Learning, the top professional education provider in India, CEC. By utilising data-driven decision-making strategies, this creative programme seeks to revolutionise HR management practises. This programme gives learners the knowledge and abilities they need to succeed in the field of human resource management, with a focus on improving organisational performance and optimising HR processes. DoMS also actively contributes to the creation of curricula, the delivery of courses, and student practical training.

100 hours of live instruction are provided over the course of the six-month programme, incorporating both theoretical knowledge and practical experience. Students will have the chance to participate in live sessions over the weekends with renowned IIT faculty members, ensuring a high-quality educational experience. The curriculum covers the usage of three or more tools, allowing students to become proficient in both sophisticated machine learning algorithms for predictive analysis and fundamental statistical tools like Excel. Working on eight or more real-world case studies will provide participants the chance to put their newfound knowledge to use.

The reactive nature of the workplace is frequently the focus of traditional HR tasks, which include resolving payment issues and posting job openings. When making decisions, HR management and analytics adopt a proactive work culture and use data and analytics. When making judgements, experts in this field use both quantitative and qualitative data, and they analyse HR data using programmes like Excel and Python, as well as machine learning and statistics. With this change, HR specialists may play a crucial part in boosting organisational performance and encouraging a proactive work environment.

Upon completion, students receive an industry-recognized HR certification from CEC, IIT Roorkee. It’s a valuable credential demonstrating mastery of necessary skills, helping students stand out and advance their careers.

“This program represents a significant milestone in bridging the gap between traditional HR practices and data-driven decision-making. By equipping professionals with the necessary skills and knowledge, we aim to empower them to revolutionize HR management and drive organizational success. Together with CEC, IIT Roorkee, we are paving the way for a new era of HR professionals who understand the power of data and analytics in shaping the future of work”, said Nikhil Barshikar, Founder, Imarticus Learning.

“We are delighted to partner with Imarticus Learning to launch the Certification Program in Human Resource Management and Analytics. At CEC, IIT Roorkee, we believe in the power of interdisciplinary education and industry collaboration. This program brings together the expertise of our renowned faculty and industry experts to provide participants with a comprehensive understanding of HR management and analytics. By leveraging data-driven insights, we aim to empower HR professionals to make valuable decisions and drive organizational excellence. Through this collaboration, we are committed to shaping the future of HR management and fostering innovation in this important area of management studies”, said Prof. Kaushik Ghosh, Coordinator, Continuing Education Centre, IIT Roorkee.

Leveraging AI for Higher Education: Enhancing Education Efficiency: Prof. Venkappayya R. Desai, IIT Dharwad

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July 13, 2023

The great demand for Artificial Intelligence (AI) and Machine Learning (ML) has reshaped the job landscape of our country and the world, shared Prof. Venkappayya R. Desai, Director, IIT Dharwad in an exclusive interview with Sheeba Chauhan of Elets News Network. Edited excerpts:

In 2023, with the inauguration of its new campus, IIT Dharwad is poised to become India’s first smart and green IIT campus. Could you please provide more details on the steps and measures taken by IIT Dharwad to achieve this distinction?

We are going to retain 70 acres of natural forest adjoining our bow-shaped permanent campus. In addition to the already existing eco-friendly features in Phase 1A of the permanent campus. We are proposing to have features such as percolation pits etc., for ensuring max infiltration of rainwater along our storm water drains, urine harvesting, and composting toilets – for creating wealth out of waste, buildings, and facilities which are fully self-sustaining in their energy requirement (through solar and other renewable energy sources), passive air conditioning through utilisation of geo-thermal energy and so on. We also propose facilities for cooking in a sitting position n our kitchens to minimise stress on knees and maximise bending at knee joints. This is how IIT Dharwad proposes to achieve this distinction of a smart and green campus.

IIT Dharwad is a comparatively new institution in comparison to other IITs. With a fresh vision and ideologies, have you planned to introduce any new courses or programmes?

In all academic areas, IIT Dharwad proposes to study the feasibility of linking the traditional Indian Knowledge Systems (IKS) with modern Science & Technology, on the lines of Israeli/Japanese institutes of higher learning. Additionally, we would like to present an academic campus that is almost self-sustaining in terms of its energy management and water/ wastewater management by blending appropriate technologies such as water adopted in Singapore for the treatment and reuse of domestic wastewater. IIT Dharwad is the only technical Institute located in the middle of two industrial estates. We would like to utilise this fact for the creation of academic courses of industrial relevance through our Global Centres of Excellence in Affordable and Clean Energy as well as IKS.

How is your institution leveraging AI to prepare higher education students for the rapidly evolving job landscape and the changes it brings?

The great demand for Artificial Intelligence (AI) and Machine Learning (ML) has reshaped the job landscape of our country and the world. IIT Dharwad (IITdh) aims to adapt to this change in demand and has taken several initiatives in this direction. At present, IITdh is offering undergraduate courses like AI and a corresponding Lab course, Pattern Recognition & Machine Learning, and Statistical Pattern Recognition & Reinforced Learning.

We have an AI club maintained by the student community, where senior students organise AI hackathons on the latest AI technology to help newly joined students. IITdh placements trend shows that approximately around 50% of them got placed into data analysis-related companies, which indeed use AI-based algorithms. In addition, around 25- 30% of internships are as part of cooperative (Co-op) projects between IITdh and the industry.

Moreover, IITdh faculty have obtained around ₹ 4 crores worth of sponsored projects on different AI-based research areas such as speech recognition, 5G & beyond networks, blockchain is driven 5G & beyond networks, Industry 4.0, Autonomous navigation, etc. One of our faculty also contributed to the 5G Infrastructure Public Private Partnership (5G PPP) white paper on “AI and ML – Enablers for Beyond 5G Networks”.

All the above-specified things show IITdh’s preparation towards capturing the AI-based job market and evolving our curriculum for growing AI technology.

Do you believe that the recently introduced guidelines by the UGC, allowing completion of degrees or diplomas based on earned credits rather than the duration of the course, are a positive step towards accomplishing more in a shorter timeframe?

We believe that the recent step by UGC – Allowing completion of degrees/diplomas based on earned credits rather than the course duration, is a positive step. However, all such students need to be encouraged to undergo internships at industries so as to make their degrees/diplomas more meaningful. Such students may be awarded degrees/diplomas with Honors.

As we know AI and generative AI is taking all over the place. How is your institution leveraging AI to prepare higher education students for the rapidly evolving job landscape and the changes it brings?

IITdh understands the great demand for AI (generative AI) and has taken several initiatives in this direction. The first one is a minor program in Data Science and AI (DSAI) where the students take an extra 30 credits (6 courses) of courses related to AI/ML to earn a minor degree in Data Science and Artificial Intelligence (DSAI). This opens the gate for students in any branch of engineering to pursue a career in data science, AI, and ML. Further, IITdh also has an online executive M. Tech program in DSAI that aims to upskill working professionals in the area of AI without perturbing their current working status. We have also started a new M. Tech in electrical engineering with a specialisation in Communications, signal processing, and ML. This aims to enable students with core expertise in communication and signal processing to apply new AI/ML techniques to strengthen these classical areas. Lastly, we also have taken approval to start a regular M. Tech. program with a specialization in DSAI that focuses mainly on imparting core ideas of AI/ML to students.

Demand in Higher Education: The Importance of International Business Courses in India

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July 12, 2023

In the age of globalization, the demand for professionals with a thorough understanding of international business is increasing. Factors such as the dynamic geopolitical situation and the need for businesses to retain their position of market leadership and profits have led to a growth in demand for specialised management professionals such as Data Scientists who have a knowledge of international business concepts and theories. These professionals play a vital role in managing international situations and fortifying the wealth of multinational enterprises with businesses spread globally.

Globalization has led to increased interconnectedness among international markets, bestowing noteworthy prospects for corporations to expand and prosper by foraying into new industries and benefiting from their core strengths in new markets.

As a growing economy, India is at the vanguard of this swift evolution and acceleration, mainly in the manufacturing and services industries. Consequently, considerable capital investments are being made in international businesses, creating a demand for qualified professionals armed with the necessary skill sets and educational backgrounds in international business.

International business management courses prepare future leaders with the requisite knowledge of global strategy, leadership, and transnational management. Let us look at the top advantages of studying International Business Courses in India and why they are critical for learners pursuing a career in this field.

Diverse Global Market

The international market is continually growing owing to different elements stimulating it, such as operational structures and environmental conditions. With rapid technological advancements, the world has become smaller and much more accessible, leading to a globalised economy with ever-growing international acquisitions and transactions. Businesses are aggressively looking out for professionals who can steer such multifaceted transactions and contribute to their organizations’ success.

Growing Number of Multinational Corporations

MNCs are becoming a dynamic part of the global market. Understanding these establishments and their operations can make professionals stand out to budding employers. Even if companies are not functioning globally, business executives cannot afford to overlook the goings-on in the global market and industries. Economic and foreign policies are affected by the global economy, making international business acquaintance indispensable for effective management.

Learning New Business Skills

International business management courses offer learners the prospect of learning about a whole new arena of commercial operations. Learners obtain skills in leading and handling diverse employees, conducting research in an international context, refining corporate performance, becoming proficient at digital marketing and social media, and making premeditated decisions to achieve business objectives. Decision-making, time management, leadership, communication, and critical thinking are some of the essential aptitudes students gain from an international business management course.

Opening Doors to Diverse Career Opportunities

International business management courses empower students with a wide range of skills valued by employers in every industry. Students can pursue careers in different fields such as marketing, accounting, management, human resources, consulting, corporate finance, health management, advertising, banking, retail, tourism, hospitality, event management, and sales, among others.

Growing Need for International Business Education

To work across different geographies, individuals need to learn about and study business in an international setting. Exposure to global business management courses helps students get a better understanding of diverse cultures, markets, and businesses. It equips them to understand how globalization has increased worldwide connectivity, making graduates with a strong grasp of international business education more appealing to future employers.

Understanding the Principles of Business

Companies are always keen to expand as part of their economic goals. After the local markets have been saturated, the only option may be regional liquidity outside the home market. In developing nations, most major firms are foreign-owned, thus stressing the need to understand international business principles to succeed in the global market.

Know-How of the Outside World

International commerce demands understanding diverse social sciences such as politics, economics, anthropology, sociology, psychology, and geography. Knowing the political and legal frameworks helps professionals steer regulations and policies that impact international business. Cultural awareness is important for understanding entrepreneurial insights, values, and opinions in different markets.

Large, Small, and Medium-Sized Businesses

The global market is not restricted to large corporations. Many small and medium-sized enterprises (SMEs) also function on a global scale and experience noteworthy progress. In fact, small businesses have seen their exports grow at a rapid pace. The significance of the SME sector differs by country, but regardless of size, these businesses can compete and succeed in the international market.

The growing importance of international business education: International business is now included in the curriculum of business schools worldwide. Management education is becoming more specialized, offering programs such as the Master’s in International Business (MIB) in addition to the standard MBA in international business management. Top colleges in India have started offering international business management programs, exposing students to various languages, travel opportunities, and internships in different countries. By studying international business, students gain a better understanding of the global economy and society, preparing them for careers in the global business sector.

Financial Transactions are Becoming Complex

International business specialists oversee complex international transactions. Knowing global markets, assessing challenges, and offering effective solutions are important skills for a career in consulting or management for multinational organizations. Studying overseas markets and engaging with diverse cultures and countries helps develop the essential skills for success in the international business field.

To Conclude

The need for international business courses in India is influenced by the demand for professionals who can navigate the multifaceted aspects of the international market. Arming students with the knowledge and skills to succeed in the global business environment, International Business courses with specialized programs such as Data Science, AI, and Machine Learning can play a significant role in preparing future leaders who can contribute to the success of multinational enterprises and drive India’s participation in the global economy.

Views expressed by Manish Madaan, Registrar, University of Petroleum and Energy Studies CCE

IIM Sambalpur announces new MBA batch that facilitates comprehensive tech-enhanced learning

Higher Education

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July 12, 2023

The 9th MBA class of IIM Sambalpur was officially inaugurated, making it the institution’s largest batch to date. The batch size was increased by the institute from 300 to 320 this year.

The new batch saw a rapid increase in female participation, with 60% of female students (197 seats) registering their seats in the programme out of 329 students, with inclusion being one of the major values of IIM Sambalpur. 40% (132 seats) of the remaining seats were taken by male students. The Institute strives to give students top-notch learning opportunities in all areas of management education so they can adjust to the quickly changing and dynamic business world. The latest batch enables thorough technologically enhanced learning.

Distinguished dignitaries, including Dr. Tapan Kumar Chand, President of Vedanta Ltd., and Swati Agarwal, Partner at Deloitte, graced the inaugural ceremony and gave motivational speeches to all the students in attendance. They shared their experience and wisdom with the new class in a very open and knowledgeable manner, guiding them through what their academic paths will involve. Prof. Shivani Sharma gave a vote of gratitude to all the dignitaries in attendance.

Prof. Mahadeo Jaiswal, Director, IIM Sambalpur expressed his views while welcoming the largest batch in the institute’s history with such great gender diversity. He said, “At IIM Sambalpur, we focus on three core values that are innovation, integrity and inclusiveness which are based on the teachings of the Hindu deities – Brahma, Vishnu and Mahesh. The three lines in IIM Sambalpur’s logo depict those three Is in the form of famous Sambalpuri handloom design. These are the three core values if focused can help Indian B-schools to rank globally. Going forward I believe that these values will be the differentiating factor in the learning journey of the incoming batch. I hope this transformative educational experience for the students will bring about a bigger societal impact in future.”

Swati Agrawal, Partner, Deloitte discussed the management concept of IPL, which she defined as Impact, Purpose, and Leadership. Impact represents the contribution you give to society; purpose represents your inner motivation; and leadership, which is about having a clear vision, showing empathy for others, and motivating others. Failures and friendships are two Fs that are equally significant. Secondarily, students will need to learn how to maintain friendships after failing. Create as many relationships as you can. They will serve as your sources of support in the future.

Dr. Tapan Kumar Chand, President, Vedanta Ltd. discussed the value of moral leadership. He talked to students about his work experiences and the value of moral leadership in a variety of settings. He emphasised the importance of making focused efforts in order to achieve outstanding achievements.

As IIM Sambalpur commences with its new academic year, its mission remains undefeated and focused on nurturing socially responsible leaders who can drive as well as encourage positive change in society.

Balancing the benefits and risks of technology in higher education: Dr. Sendilkumar. B, Vinayaka Missions Research Foundation (Deemed to be University)

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July 12, 2023

The digitalisation of Higher education has brought a lot of changes in the way we teach and learn. The benefits of course out do the risks involved. Shared Dr. Sendilkumar. B, Dean, and Director-Health Sciences, Vinayaka Missions Research Foundation (Deemed to be University), Salem, Tamil Nadu in an exclusive conversation with Sheeba Chauhan of Elets News Network. Edited excerpts:

Your Institution is committed to offering education in the most professional manner and one that ensures enormous growth potential to the students. Please let us know how School of Allied Health Sciences, Vinayaka Mission’s Research Foundation (VMRF) is standing out from the rest.

The major strengths of the School of Allied Health Sciences are its strong institutional base & reputation both nationally &internationally, high-class pre-clinical and clinical Laboratories, Research & Development on a priority basis, exposure to high profile professionals and peers, special expertise, and us of high-end technology. The skill-based curriculum, training, and competencies achieved by graduates in their respective fields through our institution have helped students reach an esteemed rank in their chosen fields. Apart from getting a degree on completion, additional certification through Online free courses through Coursera, Edx, and SWAYAM and value-added courses offer them better placement opportunities. Career guidance and placements, and skill enhancement courses are also being offered to students to help them keep in pace with International standards.

Can you elaborate on the MoUs signed with renowned organisations and how it benefits the students?

We have around 30 National and International MoUs that have helped our students to gain wider exposure both in terms of academics and soft skills. They are prepared to be industry ready through our collaborations.

Apart from postings and internships that yield their hands-on experience, we utilise the industry people for additional Certified industry-specific and industry-designed courses that train the students for specific Industry needs. For example, optometry students are offered Industry specific courses by organisations like Bausch and Lomb, which is a leading international Contact Lens company, another example is Siemens Healthineers which offers industry specific courses for Radiography and Anesthesia Technology students. These courses help in increasing the value of their resume.

The World Education Summit has been igniting transformation in the education industry since its initial edition. What are your thoughts on being a part of the 26th edition of this global platform on 4-5 July in New Delhi?

I have been associated with Elets for the past 6 years. Their contribution to society as a knowledge-sharing platform over the last two decades has been tremendous. The conferences organised by Elets have always helped us build our networks and I always look forward to participating in all their events.

NEP Aligning India’s Education Requirements: Dr. Shashank Shah, NITI Aayog

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digitalLEARNING Network

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July 11, 2023

“The National Education Policy 2020 can be linked to the transformative moment of the 1991 new industrial policy that revolutionized India’s landscape of liberalisation, privatisation, and globalisation. Just as the new industrial policy unleashed Indian industry to become globally competitive, the NEP 2020 has the potential to unlock the nation’s vision and make it aspire to reach new heights”, shared Dr. Shashank Shah, Director (Senior Specialist – Higher Education), NITI Aayog at 24th Elets World Education Summit in Hyderabad.

“I would like to highlight a few points that emphasise the macro role of higher educational institutions and higher education itself, and how the NEP enables us to fulfill that role. Higher education, as a system, plays a crucial role in the task of nation-building. While we have discussed several micro issues, I want to draw your attention to a few macro issues and opportunities”, said Shah.

“To begin, I would like to quote from a UNESCO report, which stated that in the next 30 years, more students will pass through the doors of higher education than ever before in recorded history. India, in particular, will contribute the highest number of students, with 20 universities enrolling 1.75 lakh students and counting”, added Dr. Shashank.

“In 1950, we had only 7 universities in India. Today, we have 1,043 universities catering to nearly four crore students, with a Gross Enrollment Ratio (GER) of 27 percent at the national level. Now, we aim to double this ratio and reach 50 percent, which means accommodating eight crore students in the higher education system. Effectively, in the next 25 years, an estimated 100 crore students from India will pass through higher education in some form or another. The question is, are we prepared for this influx?

The World Economic Forum has identified complex problem solving, collaboration, communication, critical thinking, creativity, negotiation, decision-making, and ethical orientation as core skills required for success in the 21st century. As India aims to become the third largest economy and works towards achieving net-zero emissions, every aspect of its growth story must align with the Sustainable Development Goals (SDGs). The higher education system has a crucial role to play in this alignment.

He further stated 3 key focus areas of NEP: The NEP focuses on three key areas: access, quality, and future readiness. “However, there are additional aspects that deserve attention. First, higher education institutions must be prepared to educate a substantial number of students in the coming years. Second, empowering students and faculty to translate ideas into ventures that contribute to the economy and livelihoods is vital. Higher education institutions can play a transformative role in commercialising research and technology transfer, creating jobs, and boosting the economy. Lastly, these institutions should strive to solve the problems and challenges faced by the nation. By becoming citadels of knowledge, they can contribute to strategic areas, economic impact, emerging fields, post-pandemic issues, and preserving traditional knowledge systems. Higher education institutions have the potential to go beyond providing degrees and jobs. They can align their efforts with the nation’s broader objectives, address areas of national importance, and contribute to India’s centenary year goals. By embracing their role as knowledge repositories and fostering innovation, these institutions can shape the future by producing graduates who can make a meaningful impact in various domains. The National Education Policy serves as a roadmap to guide higher education institutions in achieving these objectives, and their success will contribute to India’s progress toward its vision for 2047 and beyond”, Shah concluded.

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