PM advises Management Institutions to 'Think Global, Act Local'

07 Dec '06

2 min read

The Prime Minister, Dr. Manmohan Singh, has exhorted the management institutions to “think global, act local”. He pointed to the need to have a logistics model that reached out to the potential in rural India.

Inaugurating the Global Logistics Summit at Hyderabad today, Dr. Singh said that grassroots experience should inform management concepts, so that new management techniques can transform grassroots practices.

Outlining his vision of a new India, the Prime Minister referred to Bharat Nirman and the creation of an India in which the urban-rural divide would no longer be visible and the rural citizens would have the same quality of life as those living in cities.

He said that an agrarian transformation would uplift millions of citizens from subsistence living into the 21st century. Dr. Singh stressed the need to evolve location specific and environment friendly strategies of rural industrialization and urbanization in our quest for sustainable and equitable development.

The following is the text of the Prime Minister's speech on the occasion:

I am delighted to be here at the Indian School of Business, and to inaugurate the Global Logistics Summit. This is my first visit to this campus. I would like to compliment all those who have been associated with the creation of this wonderful facility in Hyderabad. It has been a team effort.

This is a fine example of public–private partnership and I compliment the State government, the trustees and management of the Indian School of Business and all other stakeholders for their contribution to this wonderfully creative enterprise.

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