In his Foundation Day Address, Prof. Rai made three significant announcements that reflect IIM Indore’s commitment to nurturing culture, encouraging empowerment, and enhancing innovation. Sharing information about the new upcoming transformative MDP courses in Hindi, he said, “We have always held our culture close to our hearts, and our recent endeavors – the workshops for Sanskrit, Tamil and Odia, underscore this commitment. While the world often associates management and MBA programmes with English, we proudly declare our Indian identity. It fills me with immense pride to announce that we are soon going to launch Management Development Programmes in Hindi.” This marks a significant shift, as we break new ground in offering courses in Hindi. These programmes, both short-term and long-term, will serve as a tribute to Hindi language and contribute to education for all, setting a pioneering benchmark in the field. The first batch of this two-week General Management Programme in Management (Hindi) will commence in January 2024.
He also shared the upcoming initiative for women empowerment, emphasizing the institute’s dedication to supporting and uplifting women in their professional journeys. “We plan to offer specially designed courses for women who have temporarily put their careers on hold, aiming to empower them to seamlessly reintegrate into the workforce”, he said. He added that in collaboration with the National Commission for Women (NCW) and the Entrepreneurship Development Institute of India (EDII), the institute also plans to assist a hundred women entrepreneurs over the next five years. These entrepreneurs, primarily from rural and semi-urban areas in Madhya Pradesh and Gujarat, will receive comprehensive support and mentorship to transform their micro-enterprises into thriving ventures. He emphasized the institute’s commitment to fostering innovation and entrepreneurship with the announcement of plans to mobilize funding for the Incubation Foundation. This initiative will provide crucial seed funding to budding entrepreneurs, helping their innovative ideas flourish. Moreover, it aims to cultivate a culture of entrepreneurship among students, extending support to startups in Indore and across the nation.
He also mentioned that the institute’s G8 project is in progress and soon IIM Indore will have an expansion in terms of state-of-the-art infrastructure and facilities. “This ambitious expansion plan represents a significant leap forward on our journey toward excellence. With the construction of state-of-the-art academic buildings and multi-story hostel blocks, we are poised to accommodate 870 exceptional students who will shape the future. Offices for our esteemed faculty and dedicated staff will ensure a conducive environment for nurturing brilliance”, he said.
Prof. Rai reiterated the enduring foundation of IIM Indore, built upon its core values, ethics, and moral principles. “Each passing day offers us an opportunity to reflect on our journey, our present standing, and our future aspirations. Success is never final; there’s always room for improvement”, he concluded.