Speaking on the occasion, Mr Anand Mahindra said that aIn India, the cost of innovation per unit is low and that the corporate should be looking at the bottom of pyramida. He emphasized that the corporate should not neglect the segment of people who do not currently have the purchasing power to purchase their products. The Indian economy albeit not decoupled entirely from the current economic slowdown is trudging along well.

Dr BS Sahay, Director, IMT Ghaziabad in his annual report discussed about the overall academic and extra curricular achievements. The faculty at IMT, Ghaziabad authored 18 books and published/presented 184 research papers and organized nine international conferences. Dr Mrinali Shah won the aOutstanding Women Management Researcher Awarda by AIMS-International. Dr Jayanthi Ranjan won the aBest Teacher Awarda by the Ghaziabad Management Association. IMT students won 98 prizes in national level events during the academic year. IMT now has 35 collaborations worldwide in 17 countries including South-East Asia, Australia, Europe, North America, Latin America and UK. Seventy outgoing and fifty two incoming students participated in foreign exchange programme with partner institutions.

Some of the In-Company programs initiated in the academic year 2008-2009 were, Advanced Management Programme on aThe Role of Independent Directorsa for defense officers in the rank of Lt. Generals, Major Generals, Air Vice Marshals. IMT Ghaziabad organized Management Development Programs for Dominos, UP Government, BPCL, ONGC, NTPC and many other companies. The distinguished alumnus award for the academic year 2008-2009 was given to Mr S Srinivasan, CEO, Kotak Realty Funds and Sandeep Dhar, CEO Tesco.

Dr Anwar Ali, Director, IMT Nagpur stated that a total of 90 research papers were published by the faculty during the academic year and executive development programmes were also started at Nagpur. The faculty at IMT, Nagpur authored around 16 books, 154 research papers in national/ international journals and international conferences including ten case studies. Around 400 senior executives and government officials were trained in the academic year 2008-2009 in different areas of management as part of Management Development Programme. During 2008-09, eight outgoing and twelve incoming students participated in foreign exchange programme with partner institutions.