Ashutosh is a techie who prefers to explore on a bicycle instead of a traditional transport like a car or bike. The cycle that cost him INR 35,000 helps sate his hunger for adventure. Ashutosh is only one of the many in this bandwagon seeking a high end bicycle.
Imported bikes sold by foreign companies like SCOTT, Merida and Trek cost anywhere between INR 25000 to INR 10 lakh. While there is no booming market for these high-end bikes, the company estimates 40% growth in Indian market.
Uday Salunkhe, Group Director of Welingkar Institute of Management, observes the rising disposable income in middle classes. “This has resulted in the need of high end bikes that can withstand Indian roads. Hence, companies like SCOTT are looking to build products specifically for Indian market.” Salunkhe adds.
SCOTT currently imports products from Cambodia. However, under their Make For India program, the company may be looking at setting up in India. “The company will be looking to tie-up with a partner for effective and beneficial setup to cater to the Indian market,” says Uday Salunkhe.
A better example would be Hero Bicycle owned Firefox that has tie-ups with various international brands. A similar move in India will create job opportunities in the sector, concludes Uday Salunkhe.
A conclave for Rising North-East India was hosted at Welingkar Institute of Management Development and Research. Only recently, Prime Minister Narendra Modi had stated that North East India will play a vital role in the development of our nation. The conclave was attended by Shri Dattatray Hosbale, Joint General Secretary of RSS with Governor of Maharashtra, Shri CV Rao, as Chief Guest.
The two guests shared their views on the contribution of North-East in India’s economic and social development. Shri CV Rao addressed that the Maharashtra should support the students of North East by providing technical and management skills. “Education institutes like WeSchool should encourage students, especially girls, to learn new skills and compete at national level,” he added.
Dr Uday Salunkhe, Group Director of WeSchool, stressed on the role of education institutes and stated, “We should focus on Leadership, Innovation and Entrepreneurship to nurture and develop the youth community and the nation. WeSchool believes in building Global Citizen Leaders and works towards instilling leadership skills in the budding entrepreneurs. Project Netrutva is initiated to groom students from economically weaker backgrounds and offer them an opportunity to attain management education to facilitate in building their career.”
He further pressed on the importance of providing equal opportunities to students from all financial backgrounds to excel in their fields. “The youth must be part of playing a role in Leadership and experiencing it. If we as a nation take this role to improve inclusiveness, we will soon see youth believe and participate in the change and transformation we want to see,” concluded Uday Salunkhe.
Aditya Vikram Birla earned a chemical engineering degree from MIT, USA. Business families tend to send their scions for overseas business management programmes. Uday Salunkhe, Group Director of Welingkar, explains the reason behind this decision as, “They want some honest international exposure and an independent lifestyle, which they may not get back home. Before they enter their work life, they want some independence and experience of how to deal with that independence and take responsibility.”
Most students prefer a one year PG programme offered by B-Schools in UK and Australia. The main reason for this choice is that these countries allow students to stay back and work for a while.
In most big business families in India, you will find holders of foreign degrees. “When you are the owner of a business in India, you normally tend to meet people who agree with you. We are still a hierarchy-heavy nation,” explains Dr Uday Salunkhe.
Another good example would be Ameera Shah, MD and CEO of Metropolis Healthcare. Having graduated from University of Texas in Austin, Shah transformed her father’s one-lab pathology business into a chain of laboratories across India and other emerging market economies.
Overseas education also creates network opportunities. A survey suggests that 68% of family businesses are engaged in exports, and overseas sales constituted about a quarter of the turnover for all survey respondents.
Education in India provides a demand-supply mismatch in high quality management programmes. In the wake of this challenge, degree courses from abroad become an automatic choice. “Institutes abroad provide a diverse range of specialisations than Indian ones. It is no longer a question of why but a question of why not,” concludes Uday Salunkhe.
Souvik Sadhukhan, a fulltime employee, enrolled into a certification programmed in business management at IIM-C that eventually helped him bag a job at Reliance Jio Infocomm as head of marketing communications.
The programme aims at providing skillsets to manage an enterprise and get acquainted with the latest trends in management. Online MBA programmes are boon to many like Sadhukhan who want to pursue a career while looking for a job.
Uday Salunkhe, Group Director of Welingkar Institute says that online management programmes offer many advantages. “Online MBA programmes create learning experiences that are more personal, relevant and accessible. Moreover, they provide flexibility to the learner to learn at his or her own pace. Another advantage is that they help continuously improve the skill set and knowledge of the learner and also promote life-long learning for people desirous of upgrading their skills and knowledge.”
Online programmes use technology to facilitate live interaction with faculty members. This majorly helps students who feel they are geographically dispersed.
Welingkar also conducts industry visits every month for online students and faculty members to enhance their interaction with industry experts. In order to develop their functional and soft skills, weekly workshops are conducted with the assistance of industry leaders and professional trainers.
Online MBAs are mostly pursued by working professionals. Unlike most institutes, Welingkar offers placement assistance and career assistance for online programmes. Dr Uday Salunkhe explains, “WeSchool acquaints its students with job openings state-wise as well as specialisation-wise on its website.”