“A collaborative mindset is key to problem solving” said Shri. N. Chandrasekaran, Chief Executive Officer & Managing Director, Tata Consultancy Services Ltd. while delivering the VIII Nani Palkhivala Memorial Lecture at SASTRA University, Thanjavur on April 12, 2011.

Mr.N.Chandrasekaran said that the world is facing challenges in the economic, demographic and sustainability fronts. The economic challenge that confronts developed countries are yet to be overcome and the role of emerging and developing markets like India are vital in the global economic growth. The economy of the US has shrunk by 3½% and the Euro zone also in the slow economic trajectory. It will take few more years for the developed countries to retain the original positionwhereas the developing countries are growing faster.  This affects the employment opportunities in the developed countries and the developed countries are facing this problem in two fold – the employed people are being sent out and for freshers / youngsters, employment is not forthcoming. The India story provides a positive employment outlook and it is estimated that one in every 6 people joining the workforce globally in the next 10 years will be an Indian.

The India growth story with an estimated double digit growth in the next 10 to 15 years present challenges as well as opportunities that necessitate development of skills related to both business and society. The soft infrastructure is the most valuable asset of India and has to be harnessed in a collaborative framework instead of trying to address issues in isolation. With the global ICT spend, which is currently close to 1.3 Trillion USD, expected to increase annually, an accelerated growth in the emerging economies and restoration of economic growth in developed economies, there is a need to move ahead of the knowledge curve and this is easily possible with India’s soft infrastructure. Key technologies like cloud computing, business analytics and mobility will provide significant inputs for a sustainable economic growth. The expected economic growth in India presents a lot of opportunities for development along with a challenging issue of sustainability. With the explosive population growth estimated to touch 9 Billion by 2030, issues of sustainability are of great concern. There should also be stress on innovative growth and with India’s strength coming from its soft infrastructure, there is no doubt that India will provide technology breakthroughs including software development and provide a sustainable growth model. The economic challenges, demographic strengths and sustainability issues present to the world a  huge set of opportunities and India has the propensity to leap forward and gain the competitive advantage provided there is coherent synergy and collaborative mindset to convert inefficiencies to opportunities.

Mr.N.Chandraskharan also dedicated to the nation the “ANUSANDHAN KENDRA” which houses SASTRA’s Hub for Research & Innovation (SHRI). SHRI has been established at a cost of Rs. 20 crores and houses Tissue Engineering Lab, Drug Delivery Lab, Biomolecular Simulation Lab, Chromatin Epigenetics Lab, Electrophysiology Lab, Nanosensors Lab, Nanofluids Lab, Functional Nanodevices Lab, Nanomaterials Lab, Genetic Engineering Lab, Quorum Sensing Lab, Molecular Biophysics Lab, Characterization Lab, Instrumental Analysis Lab, Phytochemistry Lab, etc. with sophisticated facilities like Transmission Electron Microscope, Scanning Electron Microscope, Materials Characterization, Central Instrumentation Facility, Cell Culture, etc. and 30 Ph.D. students involved in several funded research projects. He also congratulated SASTRA for its inter-disciplinary approach to research.

Mr.Chandrasekaran also handed over the joining letters to the 1359 students recruited by TCS this academic year. Mr.Ravi Viswanathan, Head of Chennai operations of TCS and Mr.K.Ganeshan, VP-HR also participated in the event. Dr.S.Vaidhyasubramaniam, Dean – Planning & Development welcomed the gathering highlighting the role of Nani Palkhivala in protecting common man’s rights. Dr.S.Swaminathan, Dean – Sponsored Research proposed the vote of thanks.

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