Officers from 10 DPSUs, private organisations join IIM-Vizag's defence MBA
Visakhapatnam: Amid India's push for increased defence production, IIM-Vizag has launched its novel and first-of-its-kind modular MBA programme for officers in the defence sector.
Approved by the dept of defence production under the ministry of defence, 37 officers from 10 defence public sector undertakings (DPSUs), Naval Armament Depot, and Geomarine Dynamics India Ltd have enrolled for the programme.
The 10 DPSUs include Yantra India Ltd, Troop Comforts Ltd, Munitions India Ltd, Mishra Dhatu Nigam Ltd, India Optel Ltd, Hindustan Shipyard Ltd, Advanced Weapons and Equipment India Ltd, Armoured Vehicles Nigam Ltd, BEML Ltd, and Bharat Electronics Ltd.
Hindustan Shipyard Ltd CMD, Commodore Hemant Khatri (retd) said he has been noticing a profound shift in the mindset of Indians. "Previously, there might have been a sense of impossibility or hesitation. Now, however, there is a burgeoning confidence and self-belief, fostering an attitude of 'it is possible, and we can do it'. This fundamental change is evident in a newfound willingness to invest, experiment, and innovate – the driving force propelling India towards its future aspirations.
This conviction is crucial for the nation's continued progress," he said.
Explaining India's economic turnaround and its progress across various sectors, including railways, telecom, digital transactions, chip manufacturing, defence production, etc., Khatri said that today's youth are expected to be the leaders who will shape India in 2047. "This generation has the potential to propel the nation forward, transforming it into a developed country and fulfilling the aspirations of 1.4 billion people.
The mantle of leadership will rest on their shoulders. In 2014, India was ranked the 11th largest economy in the world and now it stands as the fourth largest economy. This is a testament to the innovative spirit of its people. I urge the participants to foster an innovative India, lead in research and development, and drive decisive, transformative progress," he added.
IIM-V director Prof M Chandrasekhar reflected on the personal significance of the programme.
"This programme is particularly nostalgic for me, as I fondly recall joining HAL in 1983 as a young trainee. I later moved to L&T. Defence sector experience, therefore, remains very dear to me, it is a solid foundation upon which I built my career. Today, India's defence sector is no longer merely tied to budget cycles or geopolitical events; it has become a strategic growth sector with sustained expansion.
Industry experts estimate India's defence capital outlay will grow by up to eight percent annually over the next five years, translating into defence procurement worth over $130 billion or approximately 11.1 lakh crore. A case in point is the performance of defence mutual funds and the Nifty India defence index, both of which have outpaced the broader market, reflecting strong investor trust and confidence in defence stocks," he said.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
an hour ago
- Time of India
'Not Canada': H-1B Redditor says US company not sponsoring green card, gave 1 year time to look for job
Redditor says company refuses to sponsor for green card, asks whether it would be better to move to Canada. While Canada offers comparatively easy permanent residency, the job market for Indians in Canada is tough, social media users told an H-1B Redditor who sought advice for a sticky situation in the US. The person explained they received H-1b last year, got is stamped from India and came to US, but the company where the person is employed told that they won't be able to sponsor the PERM application for the green card "as my role doesn't;t live up to the requirements for the application". The company has given the person one year to look for another employer who can sponsor the PERM application, probably on a different role. "On the other hand I recently received my Canadian PR., I have it as other option," the person wrote on Reddit seeding advice on whether it is advisable to stay in the US and look for a job in the present situation or move to Canada with less visa complications. The social media debate portrayed the challenge the Indians are facing in both the US and Canada. Redditor says company is not sponsoring green card. One person suggested that moving to Canada is not advisable as the job situation is very difficult. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Official IQ Test - Updated 2025 IQ International Undo "Without job for 1 year 2 months now," the person said. "Finding job in Canada is not easy. Job market is dead and it is expensive to live in Toronto," another person said. "Finding a job in USA is not easy. Forget about Canada. Waste country," another wrote. "If you can get a us job and work remote from Canada that's the best option," one suggested. H-1B visa holders are facing uncertain times in the US, with US tech workers, aided by the MAGA camp, are strongly advocating for fewer H-1B approvals so that Americans do not lose out on their opportunities to foreigners.
India Gazette
an hour ago
- India Gazette
Akhilesh Yadav, Dimple Yadav meet family of Group Captain Shubhanshu Shukla
Lucknow (Uttar Pradesh) [India], June 29 (ANI): Samajwadi Party chief Akhilesh Yadav, along with party MP Dimple Yadav, on Sunday met with the family of Group Captain Shubhanshu Shukla, who became the first Indian astronaut to set foot on the International Space Station (ISS) Group Captain Shukla is serving as Mission Pilot on the four-member Axiom Mission 4, which launched aboard SpaceX's Falcon 9 rocket and docked with the ISS on Thursday. Akhilesh Yadav and Dimple Yadav extended their best wishes to the family of Shubhanshu Shukla in Lucknow. Speaking about their visit, Shubhanshu Shukla's father, Shambhu Dayal Shukla, told ANI, 'I thank them for extending best wishes to my is a matter of pride for had a discussion on Shubhanshu Shukla's mission.' Shubhanshu Shukla's mother, Asha Shukla, said that they felt very good that Akhilesh Yadav along with his family came to meet them. 'We felt very good as SP Chief Akhilesh Yadav, along with his family, came to meet extended best wishes to our are feeling very proud,' she said. Shubhanshu Shukla's sister, Shuchi Mishra, said, 'They (Akhilesh Yadav along with his family) extended best wishes to us...I am feeling very proud as we are getting a lot of recognition due to the hard work of my brother' On Saturday, Prime Minister Narendra Modi interacted with Group Captain Shubhanshu Shukla via videoconferencing and said India is going to open doors of new possibilities of space for the world. The Prime Minister remarked that although Shubhanshu Shukla is presently the farthest from the Indian motherland, he remains closest to the hearts of all Indians. He noted that Shubhanshu's name itself carries auspiciousness, and his journey marks the beginning of a new era. PM Modi enquired about Shubhanshu's well-being and whether all was fine aboard the space station. Responding to the Prime Minister, Astronaut Shubhanshu Shukla thanked for best wishes on behalf of 140 crore Indians and stated that he is in good health and deeply moved by the love and blessings he has received. He described his time in orbit as a profound and novel experience, one that reflects not just his personal journey but also the direction in which India is advancing. (ANI)
Economic Times
5 hours ago
- Economic Times
Diaspora remittances hit new record at $135.46 bn in FY25
The Indian diaspora sent home $135.46 billion in the last fiscal year, the highest on record. According to latest balance of payments data released by the Reserve Bank of India, gross inward remittances by overseas Indians, as reflected in 'private transfers', were 14% higher from the previous year. India has been the biggest recipient of diaspora remittances for more than a decade now. The inflows have more than doubled in eight years — from $61 billion in 2016-17. RBI data show that remittances accounted for over 10 % of the gross current account inflows of $1 trillion during the fiscal year ended March 31. 'The strong growth in remittances has persisted despite weakness in crude oil prices,' said Gaura Sengupta, chief economist at IDFC First Bank. 'This is a result of rising share of the skilled labour force migrating to developed markets such as the US, UK and Singapore. As per RBI data, these three countries account for a 45% share in total remittances,' she said, adding: 'Meanwhile, the share of GCC countries has been reducing.' Oil prices often influence remittances from countries of the Gulf Cooperation Council (GCC). Moreover, India continues to remain one of the low-cost countries for sending US$200, an RBI research paper other major sources of current account inflows are software services income and business services income, each crossing $100 billion last fiscal year. Together the three (remittances, software and business services) accounted for more than 405 of the gross current account inflows.'India's remittance receipts have generally remained higher than India's gross inward foreign direct investment (FDI) flows, thus establishing their importance as a stable source of external financing,' noted a report by RBI staff on a survey of remittances. Besides, they are a major source of funding for India's trade deficit. In FY25, gross inward remittances were nearly half (47%) of the country's merchandise trade deficit of $287 has been the largest recipient of inward remittances, according to World Bank data. In 2024, Mexico was at a distant second position with inflows estimated at $68 billion. China was third at an estimated $48 inward remittances represent the flow of cross-border household income, arising from the temporary or permanent movement of people to foreign economies. Moreover, as defined by the International Monetary Fund in 2009, two items in an economy's balance of payments statistics relate to remittances — compensation of employees under primary income account and personal transfers under secondary income account. In the case of India, personal transfers, primarily comprising inward remittances for family maintenance from Indian workers residing abroad, and local withdrawals from non-resident deposit accounts, form the major portion of cross-border inward remittances, noted a paper published in RBI's March 2025 monthly bulletin.
