Thomas Friedman, the triple Pulitzer winner and celebrated New York Times
columnist, was very serious when he said the inspiration for his current best
selling book "The World is Flat" came from a chat with Nandan Nilekeni
outside the latter's office. Nilekeni talked about the leveling of the world's
economies and cautioned him about the need for Americans to understand the new
economics, rather than rant and rave against the outsourcing phenomenon.
Freidman was speaking at the pan IIT Global conference held in Washington DC
recently, where IITans from every corner of the USA and, of course, India came
together in celebration of one of India's most successful institutions.
The conference itself was no great shakes: more people in the foyers chatting
with each other than in attendance at the multiple speaking sessions. But the
importance of the movement, led so admirably by the brothers Shenoy and Rajat
Gupta, was the fact that it underscored the importance of the IIT movement
specifically and the general air of new found confidence among Indians globally,
which is beginning to have an influence on global policy.
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This was also underscored in a scintillating conference opener where Rajat
Gupta chatted with the indomitable Jack Welch and former Minister Arun Shourie
and brought out many points that have significance for both Indian pride and the
future of Indian corporations. The pride was very much in evidence when Shourie
pointed out that the Indian Space Research program, with a budget of $475 mn,
had taken the country to a position of supremacy in space research while major
US corporations like GM had research budgets of over $9 bn. And the lessons for
global Indian corporations came fast and furious from Welch, as he spoke about
the need to reward the successful managers, develop the middle, and weed out the
poor performers in any management team. In a very visual metaphor, Welch spoke
of a boat spinning in circles if the rowers on one side failed to match the
strokes of strong rowers on the other side, implying that good performers in a
team would themselves resent and eliminate others who prove to be a drag on the
overall performance.
What direction can the IIT movement take to graduate from an enjoyable
networking opportunity to being truly relevant to the future success of Indian
corporations and the country at large? This forum, which brings together some of
the best academic brains (most of the IIT directors were also present), Indian
and American CEOs, and professionals graduating from the sixties to this decade,
can surely prove to be a potent force for harnessing contribution and
collaboration. A few strong collaborative companies in software, biotechnology
and bioinformatics getting established would prove to be the next major success
of the pan IIT movement.
Finally, another stunning metaphor for the new success of India and China in
the world was provided almost in jest by Tom Friedman. He spoke about the past
when American children were encouraged to finish their food by reminding them
that somewhere in India and China children were starving for a single morsel.
Today, he said, children are being told "eat up your food fast because
somewhere out there is an Indian or Chinese kid waiting to take your job and eat
your food." Well said, Ron. Let the hungriest mouth win!
The author is Deputy Chairman & MD of Zensar Technologies and Chairman
of the NASSCOM Innovation Initiative Ganesh
Natarajan