Delivering the keynote address at the one-day national seminar on the ‘Changing frontiers of industrial development in India’ organised by the Post Graduate department of Management at the Srinivas Institute of Technology here, he said that historical and geographic boundaries are no more relevant in the sphere of business as multinational companies are mushrooming everyday. Indian economy is now open to the whole world.
Rather than lamenting on its negative side, we should explore the positive side of it to our best advantage, he added.

The eminent economist of the district started off explaining the position of industry in India before independence and proceeded making an assessment of the paradigm shift in the development structure in later days.

He scanned the change in industrial conditions and stressed the need for strengthening our resources for better development.

In his presidential address, President of A Shama Rao Foundation A Raghavendra Rao opined that India has got a lot to contribute to the world like a huge knowledge base, intelligent man power and spiritualism. But our knowledge has not been exploited yet. Seminars like this will help us to exploit it, he added. Principal of SIT Dr Srinivas Mayya, HoD of MBA Dr Ajoy S Joseph, Coordinators Prof K Radhakrishnan and Prof N Narasimha Murthy were present on the occasion.

Delegates had come from all parts of Karnataka and the neighbouring states for the seminar.

As many as 45 research papers were presented in three different halls. Dr Preyesh C A, Dr Vishnu Prasanna and Dr Kusum were the moderators for the presentations.