IIM Sambalpur organises 6th edition of Annual Business Conclave

Sambalpur, Nov 20: The 6th edition of the Annual Business Conclave of the Indian Institute of Management (IIM)-Sambalpur ‘Marmagya 6.0’ commenced today with the aim of understanding, accommodating the responsibilities and opportunities that will usher change paving its way to new reality. The inaugural ceremony was graced by Kapil Maheshwari, Leader Renewable Energy and Green Hydrogen Ecosystem Development, President Reliance Industries Limited. While delivering the welcome address, Prof Mahadeo Jaiswal, IIM Director said, “I heartily welcome everyone to Marmagya 6.0, the business conclave organised by students of IIM Sambalpur. COVID has paved the way for new realities. Data analytics, Machine learning, Artificial Intelligence, and Blockchain are changing the landscape of the traditional practices that the industry has been following. At IIM Sambalpur our vision and operating value system is to nurture responsible leaders with entrepreneurial mindsets.” Kapil Maheshwari said, “Most of the conventional companies have now gone in the path of not only pledging as a net zero but also started working towards energy transition. At Reliance we are coming up with an integrated facility with an investment of Rs 75,000 crores, a New Energy Division, a first globally where we can do a complete value chain of the green hydrogen ecosystem. In changing times, one must reassess where the growth opportunities are, deep dive into date and figure out a new business model. Driving future profits and still caring for the environment is the way forward. For all B-School students or new generation business leaders the next 10 years will see a great transformation, it is a great opportunity to learn and figure out new business models.”