National Management Seminar on International Business on the theme “Business Opportunities Beyond Borders in Turbulent Times” was held here at Asian School of Business Management on 16th February, Saturday.
While Inaugurating the seminar, the Chief Guest, Dr. Surajit Mitra, Director, IIFT said, “Exploring new business opportunities abroad is vital to sustain the global imbalance. Emerging markets provide much larger space for bilateral trade. Today, countries like Africa, Latin America, East Asia are new emerging potential markets, providing much headroom for trade. Developing countries like India should eye upon such avenues to augment business in the form of bilateral trade.”
He stressed upon FDI as an important route to do business, and it should be more outflows in nature instead of inflows to the country.
“Business can be augmented through Free Trade between Nations. Besides, Innovation, Acquisition and Consolidation are also required for the Indian Companies to prosper,” he added.
Dr. Raj Kumar Sen, Noted Economist and Former Professor and Head, Deptt. Of Economics, Rabindra Bharti University, Kolkata, as Guest of Eminence and Keynote Speaker, on the occasion said, “Business opportunities beyond borders can be christened as globalization. Free Trade and free flow of capital should occur in today’s era of globalization, to do business at a faster pace.”
Eminent Academician, Founder and Director ASBM, Dr. Biswajeet Pattanayak, in his welcome address highlighted about India striding ahead in the global map despite recession looming large in the eurozone and other developed economies.
“Immunity, Agility, Flexibility besides not having a Risk aversion attitude are the factors those are required to gain competitive advantage over other nations,” he added.
The Inaugural session was followed by two technical sessions on ‘Managing Foreign Trade’ and ‘Managing Global Operations’ in which many eminent academicians and corporate elites deliberated.