IIM-A's business school confluence

Updated on: Monday, November 30, 2009

Ahmedabad: Honesty and profit can go hand in hand. This is the mantra for the new age corporate world where the issue of sustainabilty often crops up, said Gurcharan Das, former chief executive officer of Procter and Gamble (India) Limited and TOI columnist at the Indian Institute of Management, Ahmedabad (IIM-A)'s business school confluence, on Saturday.

"What we need right now is infusing accountability in our systems. Reforms need to be introduced in adminstration, judiciary, politics and police. As the economic growth is taking place, morals and dharma are going down," said Das.

During the meeting, the concept of sustainability was also explored from the global warming and ecological footprint scenario. "It is time that manufacturers and business houses start watching their ecological footprint and develop best practices around it. I propose a code that the corporate world can adopt. Corrective measures have become all the more important, especially because the younger generation is becoming increasingly sensitive to environmental issues," said Pradip Shah, founder IndAsia Fund Advisors Private Limited.

Kartikey Sarabhai, director of Centre for Environment Education (CEE), took the topic of sustainabilty further saying that most of the eco challenges that we face can be solved by bringing about changes in one's lifestyle.

"As a nation, we need to develop a new style of development rather than imitating models from the West. What we want to achieve could be the same, but the path that we take has to be very different from the western countries," Sarabhai said.

Later in the day, there was a panel discussion hosted on the topic Sustainability of Economic Models Is Capatalism Sustainable?' The panel included Sushil Ramola, CEO B-Able, Tirupataiah Kota, former special commissioner-Rural Development of Andra Pradesh, professor Kirthi Ramamritham, faculty IIT-Bombay and Sarabhai.

IIM-A's business school confluence

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