The Uttarakhand Cell at IIM Kashipur focuses on regional development, promoting local products like Badri cow ghee, and establishing “Uttarakhand as a Brand.” Through partnerships with institutions like GB Pant Agriculture University, it aims to boost sectors such as agriculture, wellness, honey production, and spiritual tourism, with an emphasis on empowering farmers and women. The cell will address logistical challenges and enhance education through collaborations with local universities, while a state government nominee will ensure alignment with Uttarakhand’s development goals. During the ceremony, three MoUs were signed with GB Pant University, Kumaun University, and Uttarakhand Technical University.

During his speech, the Hon’ble Governor highlighted the pivotal role young minds play as the growth engine of the Indian economy. He underscored that the nation currently boasts 116 unicorns—a testament to the determination and dedication of its young entrepreneurs. “It is the youth who are working as a growth engine for the Indian economy and resulting in a vibrant startup ecosystem,” the Governor said. He called on the next generation to embrace entrepreneurship, transitioning from job-seekers to employment creators. In promoting a culture of innovation, the Governor advised the youth to focus on value addition and explore the vast opportunities available in India’s economy. He mentioned that ghee from the Badri cow is being sold at a price of ₹67,000 per kilogram. “This is one example, and our youth need to find such opportunities and realize them in this vibrant economy. These opportunities can be identified by questioning, as ‘a question is the mother of wisdom,’” he further added.

“Our economy has suffered due to the policy of ‘Divide and Rule’ adopted by the British. This is the right time to work on the principles of integration, oneness, and togetherness. Artificial intelligence is the need of the hour, but our students should be looking for ‘absolute intelligence,’ which can be achieved through soul and cosmic communication. Growth and development are two aspects, and our youth should target both. As far as the economy of our host state, Uttarakhand, is concerned, focusing on three sectors—wellness, horticulture, and spiritual tourism—will pave the way forward,” the Governor explained.

ManMohan Singh Chauhan, Vice Chancellor of Govind Ballabh Pant Agriculture and Technical University, Pantnagar, addressed the gathering, emphasizing the top priority for state development: farmer welfare and women empowerment. He said, “These two were also targets set by our Governor. On this aspect, our university is working on increasing honey production. Our production capacity has increased from 3,000 tons to 12,000 tons, and it is likely that we will further increase it to 40,000 tons in a short period. International collaborations have already been made to enhance production in our region. Our aim is to be a world leader in honey production. The MoU with IIM Kashipur will help us in the welfare of society and the community of both the state and the nation.”

Dewang Singh Rawat, Vice Chancellor of Kumaun University, expressed his happiness over the MoU with IIM Kashipur and mentioned that it will motivate students and faculty. He added, “We are also aiming to contribute to the development of our state and nation. During the 17th century, our nation’s GDP used to account for 25% of the world economy. At present, we contribute around 8%, and we are leaping towards becoming the fourth-largest economy in the world. This will be achieved with contributions from tech-savvy youth.”

Onkar Singh, Vice Chancellor of Uttarakhand Technical University, offered IIM Kashipur the use of their premises for the functioning of the Dehradun campus until IIM Kashipur has its own campus constructed there. He mentioned, “In the 19-year history of our university, this marks a golden moment. The MoU with IIM will benefit our 500 faculty members and 2,000 students. Our MBA program will be improved through this collaboration with IIM Kashipur. Our education system will become more vibrant. We expect collaboration on executive education, advisory services, MOOCs, and skills enhancement.”

Professor Somnath Chakrabarti, Director-in-charge of IIM Kashipur, highlighted the institute’s focus on regional development, welfare of people, Ayurveda, the home-stay campaign, and vibrant villages. He mentioned that management principles will be applied to solve the problem of ghost villages and improve SHGs (self-help groups).

The institute will make a significant contribution towards marketing state products and establishing “Uttarakhand as a Brand.” The logistic issues will also be addressed in collaboration with the state government.

Dr. Sandeep Singh, Chairperson-in-charge of the Board of Governors, IIM Kashipur, discussed various initiatives toward the development of the local economy. He also briefed the audience on the roadmap for further contributions through the Uttarakhand Cell.

The Hon’ble Governor of Uttarakhand praised the efforts made by Prof. Abhradeep Maiti, Prof. Kunal, and Prof. Somnath Chakrabarti towards the establishment of the Uttarakhand Cell. He also shared his experience of conceiving the idea during three meetings held at his office and his crucial role in its formation. There will be a state nominee in this cell to ensure its alignment with Uttara hand’s developmental goals.

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The conclave featured two insightful panels addressing key issues in contemporary business leadership. The first panel, titled “Continuous Learning – Staying Ahead in a Rapidly Changing World,” included prominent speakers such as Mr. Chandra Shekhar, Vice President of HR at UltraTech Cement; Mr. Yahya Rasheed, Global Head of L&D at HCL Tech; Mr. Umanath Kumar, Country Manager India & APAC for Talent at Pfizer; and Mr. Aravind Warrier, HR Leader at Volvo Group. Moderated by Mr. Jayendra Kumar Sahu, Performance Marketing Manager at M2P Fintech, the panelists shared their expertise on the necessity of continuous learning, adaptability, and resilience in navigating today’s dynamic business environment.

Mr. Shekhar emphasized the importance of succession planning and adapting to market trends, while Mr. Rasheed highlighted the value of embracing organizational culture and learning from failures. Mr. Kumar discussed the role of experimentation and collaboration, using Pfizer’s response to the COVID-19 pandemic as a case study, and Mr. Warrier stressed the need for imagination, curiosity, and empathy in leadership.

The second panel, “Future-Proofing Careers: Developing Agile Mindsets in Business Leadership,” featured Mr. Ramakrishna Rao, Chief Learning Officer at Page Industries Ltd.; Mr. Ravikanth Venkata Eranki, Talent Acquisition Lead at Cargill; and Mr. Pandi Alagu Raja, Head of People and Culture at Deluxe. Moderated by Ms. Akansha Garg, Lead Business Analysis at UST, the discussion centered on the significance of agility, adaptability, and practical approaches to leadership.

Mr. Rao introduced the ABCs of modern leadership, including Anti-Fragility and Digital Mindset, while Mr. Eranki emphasized the importance of diversity, inclusivity, and global perspective. Mr. Raja highlighted the role of HR in fostering a supportive and agile culture within organizations.

The session was highly interactive, with engaging discussions and a dynamic Q&A segment where students actively participated, posing insightful questions to the panelists.

The event concluded with remarks from Prof. Utkarsh, Chairperson of Placement and Corporate Relations at IIM Kashipur, who expressed gratitude for the successful execution of Samanvaya 2024. Prof. Utkarsh underscored IIM Kashipur’s commitment to developing proactive and innovative business leaders through interdisciplinary learning and experiential opportunities.

Samanvaya 2024 exemplifies IIM Kashipur’s dedication to shaping the next generation of business leaders who are equipped to anticipate changes, drive innovation, and make a meaningful impact in the business world.

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Expressing excitement at the unfolding of this event, Prof. Utkarsh, Chairperson – Placement, from IIM Kashipur shared, “As we look towards the future, IIM Kashipur recognizes the immense responsibility in shaping tomorrow’s business leaders. Samanvaya 2024 is not just an event but a platform to explore, debate, and forge the paths that will define leadership in the years to come. We invite all to join us on 31st August 2024 in this journey of continuous learning and career evolution, as we collectively work towards a brighter and more innovative future.”

Panel 1 will delve into “Continuous Learning – Staying Ahead in a Rapidly Changing World,” featuring a distinguished lineup of speakers who bring decades of experience and expertise. Mr. Chandra Shekhar, Vice President of HR at UltraTech Cement, Mr. Yahya Rasheed, Global Head of L&D at HCL Tech, Mr. Umanath Kumar, Country Manager of India & APAC for Talent at Pfizer, and Mr. Aravind Warrier, Lead – People & Culture at Volvo, will share their insights on the importance of lifelong learning and adaptability in leadership. The session will be skillfully moderated by Mr. Jayendra Kumar Sahu, Performance Marketing Manager at M2P Fintech.

The second panel, “Future-Proofing Careers: Developing Agile Mindsets in Business Leadership,” will delve into strategies for cultivating adaptability and resilience in business leaders. Esteemed speakers including Ms. Sulbha Kaushal Rai, Chief People Officer at RenewBuy; Mr. Ravikanth Venkata Eranki, Talent Acquisition Leader at Cargill; Ms. Akanksha Nayal, HRBP at Policy Bazaar; Mr. Pandi Alagu Raja, Head of People and Culture at Deluxe; and Mr. Ramakrishna Rao, Chief Learning Officer at Page Industries, will share their perspectives. The session will be moderated by Ms. Akansha Garg, Lead Business Analyst at UST and an IIM Kashipur alumna, who brings her expertise in IT transformation and product lifecycle design to the discussion.

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CAP 2024 saw a record number of candidates (16,371) appearing for the PI round. A total of 3800 female candidates appeared for PI in this year’s CAP. Following the practice from previous years, this year’s CAP PI was also conducted online. The common online PI process of ten IIMs ensures lower costs in terms of time and money for MBA/PGP aspirants.

In this year’s CAP, candidates were able to correct some of the errors they might have made while filling out the CAT registration form. To make the process more transparent, candidates also got an opportunity to view their normalized PI score on the CAP portal once the results were declared.

Each CAP-participating IIM creates a separate merit list using normalized PI scores and other criteria based on the already published admission policy and sends offers individually. The first few offer lists are generally sent on the same dates by all the CAP-participating IIMs so that the candidates can make informed decisions regarding their choice of institute.

Every year, one of the CAP-participating IIMs is nominated as the CAP coordinator. IIM Kashipur was the coordinator for CAP 2024, overseeing the entire process.

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Bengaluru, 03 June: The Indian Institute of Management Kashipur on Sunday concluded the three-day-long North India’s biggest scholar’s conclave, Management Education and Research Colloquium (MERC) with the announcement of three best research papers.

MERC is a scholars’ conclave pioneered by IIM Kashipur to celebrate knowledge, innovation, and collaboration in the field of management education and research. It is a dynamic platform where brilliant minds from nationwide converge to share their groundbreaking research, exchange ideas, understand the latest research trends, and foster meaningful collaborations.

After scrutinising the 720 research papers, the IIM Kashipur received in the 4^th edition of MERC, 300 were shortlisted for the for the final round. As many as 50% of the participants were female. After extensive scrutiny of 300 papers, the jury selected the three best papers.

Shreya Srivastava, associated to Motilal Nehru National Institute of Technology (MNNIT) Allahabad, secured the badge of best research paper award. IIT Kanpur’s Mohd Mujahid Khan’s paper on Newsvendor chosen for the second-best paper while Delhi Technological University’s Virender Kumar’s paper on NRI chosen as third best research paper of the conclave.

MERC Convenor Prof. Somnath Chakrabarti, Dean (Academics) felicitated them with certificate and a sum of Rs 25,000, Rs 20,000, and Rs 15,000, respectively. He said, “It was un upheaval task for the MERC jury to select the three best papers which fulfills all the criteria of ethical research and its parameters. I congratulate the scholars for the best paper awards.”

He further said, “In the last two days, we attended online and offline sessions and workshop where experts from academia and Industry guided the scholars on various topics including research methodology to assist participants in improving their methodological rigor. There were panel discussions on interdisciplinary research and Climate Change and Sustainability.”

On one hand, IIM Bangalore’s professor of Finance, Prof. Sankarshan Basu, Prof. Neharika Vohra from IIM Ahmedabad, and Prof. Jason Bennett Thatcher, University of Colorado Boulder, USA, address the researchers on the theoretical aspects while Dr. Jai Advani, Managing Director, PwC Company and Dr. Anu B Gupta, a well-known economist, and former professor at the University of California, guided the scholars on how to use research in management industry.

The MERC which was kick started on Friday (May 31) received research papers on 10 various tracks from a dozen of IITs and NITs, 10 IIMs, Cochin University of Science and Technology, Aligarh Muslim University, Banaras Hindu University, Delhi University, Central University, and other premier institutes of the country.

A large number of research papers submitted on artificial intelligence in E-commerce, India’s COVID-19 vaccine diplomacy, Exposing online shopping, unintended consequences of lotteries, the life of Gig workers, tribal women millet entrepreneurs, Green pilgrimages of Uttarakhand and others.

On Friday, chief guest of the Conclave, Dr. Jai Advani, Managing Director, PwC Company with over two decades of experience emphasized the importance of research in the volatile management industry.

He said, “Research and industry were considered as different aspects, but with evolving technology, now the industry needs the support of researchers to address the challenges or fix the loopholes of the industry. After the COVID-19 pandemic, the industry is on the path of digital advancement, and researchers can play an important role here.”

Speaking on the future prospects of the research, he said, “Many automobiles, cybersecurity, IT, and others were spending a decade of time and money on research and development to develop the product or enhance their operations. Bangalore alone has over 500 R&D units of MNCs. The industry needs solution-oriented research, which improves operations.”

“It’s time for a platform where academia-industry collaborate and address the challenges the industry faces today,” he added.

After Dr. Advani, guest of honor, Dr. Anu B Gupta, a well-known economist, and former professor at the University of California, addressed the researcher, giving them the mantra of the three RRRs to the scholars: Risk, Research, and Remuneration, the key to success in research and industry.

Dr. Sabyasachi Patra, Chairperson, Doctoral Programme, and convenor of MERC, said, “It was an enriching session for the scholars as well as the doctoral students of IIM Kashipur. They learned the ropes and depths of research from experts of academia and industry.”

“I’m glad to say that this year, MERC saw a 400% increase in paper submissions compared to last year. MERC offers a space where theories are challenged, methodologies are debated, and new ideas are born.”

Awards:-

First

–          Shreya Srivastava – Motilal Nehru National Institute of Technology (MNNIT) Allahabad.

–          Research paper on Artificial intelligence: From Activation to Assimilation: Schema Equilibration in Consumer-AI Interaction via Voice comprising Social and Emotional Cues.

–          Area – Marketing

–          Awards – Best paper award of MERC 2024

Second

–          Mohd Mujahid Khan – IIT Kanpur

–          Research topic – From Abundance to Scarcity: An Experimental Study of Financially Constrained Newsvendor

–          Area – Operations and Decision Sciences

–          Second best paper award

Third

–          Virender Kumar – Delhi Technological University

–          Research topic – Domestic Monetary Policy and Non-Resident Indian (NRI) Deposits to India: An Empirical Analysis

–          Area – Economics

–          Third best paper award

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For the third edition of MERC, to be held between May 31st to June 2nd, 2024, IIM Kashipur welcomes applications from doctoral scholars, professionals and authors to exhibit their research work to peers, experts, and other interested stakeholders.

In the three-day event, to be held at the IIM Kashipur campus, will open an avenue for doctoral students to present and discuss their research work and gain valuable insights from peers and leading academicians in the realms of management. Researchers interested to apply can submit their papers before April 8^th 2024 at https://iimkashipur.ac.in/merc2024/.

MERC 2024 provide an opportunity for doctoral scholars to interact, collaborate, and network with like-minded researchers and practitioners from varied domains. Moreover, participants gained valuable feedback, engaged in discussions, and received mentorship from experts regarding their research.

In addition to paper presentations, MERC 2024 also featured workshops on research methodologies to help participants improve their methodological rigor.

Three best submissions will be awarded cash prizes of Rs 25,000, 15,000 and 10,000 respectively based on the criteria laid out by the panel of experts.

Sabyasachi Patra, chairman doctoral area said, “IIM Kashipur has proudly created its very own research ecosystem. MERC 2024 is the best place for researchers to gain comprehensive understanding of various facets of research and collaborate with the academic and industry experts. This encouraged the exchange of ideas among budding researchers and academicians. We at Kashipur are glad to bring some of the brightest minds from diverse fields under one roof.”

In 2023 edition of MERC, IIM Kashipur received 175 submissions from all over India. Out of these, more than 50 submissions were received from premier institutions of IIMs/IITs/NITs/XLRI etc. These submissions in diverse areas of Management were going through a review process for final selection and registration in MERC.

Papers to be considered can be on the following themes- Communications, Economics, IT & Systems, Marketing, Operations & Decision Sciences, Organizational behaviour & Human Resource Management, Public policy & Governance, Strategy & Entrepreneurship, Stability in MSME and Finance & Accounting. However, the papers are not limited to the above-mentioned themes.

IIM Kashipur has secured 19th rank among the top 50 Management Institutes/Colleges in India in the National Institutional Ranking Framework (NIRF)-2023 ranking released by the Ministry of Education. IIM Kashipur has also become the only IIM to get into the Top 50 in NIRF- ARIIA (Atal Ranking of Institutions on Innovation Achievements) quotient, leaving behind other IIMs.

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Mumbai, 30 January, 2024: “Uttishtha 2024,” the 7th edition of the biggest agri start-up expo, has concluded with great fanfare after two days of talent, innovation, and creativity organised by the Foundation for Innovation and Entrepreneurship Development [FIED] and E-Cell at IIM Kashipur. The event showcased a number of forward-thinking startups run by bright young people from all around the nation.

IIM Kashipur’s FIED funded startups were Krushika Naturals Pvt. Ltd. 25 Lakhs, Himshilpi Hunar LLP 5 Lakhs, Zarin Gourmet Pvt Ltd 25 Lakhs, MyPahadiDukan 25 Lakhs, BABA Agrotech 20 Lakhs, SS Agriculture Innovations Pvt Ltd 5 Lakhs, and Svastha Samriddhi Pvt Ltd 25 Lakhs. This funding aims to catalyse the growth of these ventures and contribute to the entrepreneurial ecosystem.

A total of INR 14.6 Crores has been disbursed to startups under startup support schemes out of which INR 1.30 Crores have been sanctioned to 13 Agri-focused startups in FY 23-24 by RKVY RAFTAAR RABI scheme by Ministry of Agriculture & Farmers Welfare & INR 2.89 Crores have been sanctioned to 13 startups under Startup India Seed Fund Scheme.

With the aid of IIM Kashipur’s FIED, a number of brilliant startups, such as Bijak, Loopworm, Greenpod Labs, InfyU Labs, Agronxt, Industill, and Ikayu Foodlabs, have raised INR 320 Crores and more in funding from outside venture capital firms and angel investors. Under the Ministry of Agriculture & Farmers Welfare’s RKVY RAFTAAR RABI scheme, IIM Kashipur FIED has provided funding and business training to 200+ startups since its founding in 2018, including 68 with an agri-focused focus.

100 promising agri-startups and community-focused businesses from the Uttarakhand hills participated in the agriculture fair, showcasing their goods and services that support the agricultural industry and its supporting ecosystems.

Impactful initiatives were presented by IIM Kashipur, such as the Scaleup Pitchathon, a national live startup pitching competition in which the top three creative ventures were chosen from a pool of more than 100 government-recognized startups and competed for a prize of Rs. 1.5 lakh to become the best startup.

Prof. Kulbhushan Balooni, Director, IIM Kashipur said, IIM Kashipur is committed to supporting the startup ecosystem on multiple fronts by involving more and more academic members to train incubatees and providing them with every aid and support imaginable.  The Government of India’s continued support is essential for sustaining incubators’ activities across higher education institutions. Because of IIM Kashipur’s commitment to regional development, we are attempting to assist Uttarakhand-based agri-tech enterprises, thus making IIM Kashipur distinctive among the league of leading B-schools. FIED has incubated 189 startups since its inception in 2018, which in turn has created more than 3000 jobs. IIM Kashipur has already had an impact on more than 7 lakh farmers.

Prof. Safal Batra, managing director of FIED and chairperson of E-Cell at IIM Kashipur said, Throughout India, we are recognized as leaders in entrepreneurship. NITI Ayog, Govt of India has granted Atal Community Innovation Centre to IIM Kashipur. We are working with farmer producer organizations in Uttarakhand at the grassroots level, similar to us, where we plan to train 15 FPO. In the future, this center will become as prominent as the achievements it has garnered.

Udaan 7.0, the National Business Plan Competition, is another noteworthy initiative that provides a forum for prospective students to showcase their creative ideas to professors and industry professionals. The top 7 teams, out of over 300, took home a total of Rs. 50,000 in cash prizes.

IIM Kashipur’s FIED funded startups were Krushika Naturals Pvt. Ltd. 25 Lakhs, Himshilpi Hunar LLP 5 Lakhs, Zarin Gourmet Pvt Ltd 25 Lakhs, MyPahadiDukan 25 Lakhs, BABA Agrotech 20 Lakhs, SS Agriculture Innovations Pvt Ltd 5 Lakhs, and Svastha Samriddhi Pvt Ltd 25 Lakhs. This funding aims to catalyse the growth of these ventures and contribute to the entrepreneurial ecosystem.

In Uttishtha ‘24, IIM Kashipur FIED felicitated 13 Agri-focused startups, providing them with a sanction of INR 1.30 crores, supported by the Ministry of Agriculture & Family Welfare.

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The two-day Agri Consortium 2023 aimed to provide a common platform for academicians, researchers, students, and industry professionals to interact and deliberate on the latest trends and advancements in technology, research, funding avenues, and industry requirements in the agriculture industry.

During the consortium, higher education institutions (HEIs) and universities agreed upon a principled agreement with three steps: first, sharing of startup databases among consortium members; second, dissemination of incubation or startup support programs; and finally, networking and sharing best practices on the platform.

Prof. Kulbhushan Balooni, Director of IIM Kashipur, thanked everyone for the successful completion of the two-day ‘Agri-Entrepreneurship in South Asia’ Consortium 2023.

In another development, the RKVY RAFTAAR Scheme, supported by the Ministry of Agriculture & Farmers Welfare, Government of India through FIED, IIM Kashipur, has provided funding of 1 crore 60 lakh rupees to 10 startup companies. These companies operate in the fields of Drone technology, Agri supply chain, Food processing, Hydroponics, Waste to wealth, and Agri biotechnology industries.

Prof. Kulbhushan Balooni, Director of IIM Kashipur, said, “This Agri Consortium will serve as a platform for sharing information on agri-startups supported by member higher education institutions from different parts of the country. This opens the avenues of collaboration between startups from different geographies, helping each other take their innovative solutions to a large number of farmers.”

Prof. Safal Batra, Associate Professor, IIM Kashipur, and Director, FIED, said, “Through this consortium, we are building a knowledge pool for the startup ecosystem so that we can extend our support to various industries in developing significant startups within the agriculture sector. Additionally, we are going to establish a knowledge bank for failed startups in the agricultural industry to provide insights into their failures. These insights will be shared with policymakers and the government to assist in crafting policies for their benefit.

Approximately 10 HEIs, including IGKV-Raipur, CCS Haryana Agriculture University, Hisar, Acharya N G Ranga Agricultural University, IVRI Bareilly, Pusa Krishi, New Delhi, GB Pant University, VCSJ Uttarakhand University of Forestry & Horticulture, Bharsar, Uttarakhand, and CCS NIAM Jaipur, and IIm Kashipur, have agreed to a principled agreement to collaborate in the Agri Consortium.

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The nine-month Post Graduate Programme in Hospital Management will cater exclusively to executives and managers looking to develop and enhance their expertise in hospital operations. Both organizations also decided to conduct joint research, seminars, and other academic collaborations.

Speaking on this occasion, Prof. Kunal Ganguly, Dean (Development), IIM Kashipur said “This collaboration is a milestone for IIM Kashipur to diversify its education offering and contribute to the healthcare sector.” He added that the first such program would be launched by the end of this year at IIM Kashipur, where the classes will be taken by faculty from both IIM Kashipur and Max Healthcare, along with the provision of hands-on training at the Max hospitals.

According to Mr. Umesh Gupta, Senior Director-HR and Chief People Officer at Max Healthcare Ltd, “In response to the rapid growth of the healthcare industry and increasing demand for skilled operations managers in hospitals, we have meticulously crafted a blended program. This program seamlessly integrates live lectures delivered by distinguished faculty from IIM Kashipur, insights from senior management at Max Healthcare, and cutting-edge e-learning content. This unique blend of knowledge, digital tools, and techniques, combined with hands-on experience gained through immersion at Max Healthcare, equips participants with a comprehensive skill set.”

It is to be noted that India’s healthcare spending as a proportion of GDP is expected to rise to 2.1% in FY23 from 2.2% in FY22 and 1.6% in FY21, according to the Economic Survey 2022-23, and the global healthcare market will expand by 2030. Given the growth of the healthcare industry and the extraordinary demands of skillful operations managers in hospitals, this blended program will help fulfill the increased demand for a skilled workforce in the industry.

IIM Kashipur, a renowned Indian management institute, has climbed from 33rd place in the NIRF rating in 2021 to 19th place in 2023 among the top 50 Management Institutes/Colleges in India in the recently released National Institutional Ranking Framework (NIRF)-2023 ranking by the Ministry of Education. Also, this year, the highest annual salary offered at IIM Kashipur, was Rs 37 lakh, with an average cost to the company (CTC) of Rs 18.11 lakh, as reported in an official statement from the institute.

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