HR summit on ''capability enhancement and value creation''

22 Oct 2005

New Delhi: A two-day national HR summit organised by the Lal Bahadur Shastri Institute of Management (LBSIM) opened in the capital today. Inaugurating the event, Vinita Bali, managing director, Britannia Industries said, "The surest way to become globally competitive is to invest in the development of human resources. The world today is a single global marketplace, not only in terms of goods but also human skills. India has already benefited from outsourcing of services in some sectors; only when our capabilities improve, will we see transfer of assignments and capital for many more, increasingly highly skilled tasks."

The LBSIM summit focuses, among others, on the human side of mergers and acquisitions, knowledge sharing in strategic alliances, HRD in a cross-cultural environment, and training for underprivileged workforce in organisations as a societal responsibility.

Delivering the keynote address, industrialist and member of parliament Navin Jindal said, "As India steps into the world of global competition, human resource capability becomes a critical factor. A key mark of developed economies is technical capacity, the application of technology to local conditions and, while India has shown an aptitude for this already, we still have a long way to go in fully realising our potential."

The summit is aimed at inviting discussion on contemporary issues, identifying competencies required to enhance organisational capabilities. According to Anil Shastri, chairman, of LBSIM, "The Institute strives to sponsor meaningful exchanges between academia and the corporate world and this seminar is part of that effort."

Executives from Voltas, Ernst & Young, HDFC Bank, Iffco Tokio General Insurance Ltd., Grasim, and ACC among others are participating in the event.