Go by ethics, Verma tells industrialists
LMA presents annual awards
Tribune News Service
Ludhiana, September 19
The Ludhiana Management Association (LMA) presented the three annual awards to outstanding entrepreneurs and managers during its annual day celebrations held at Hotel Gulmor, here today. The awards were presented to the winners by the Punjab Governor, Justice O.P. Verma (retd).
While the LMA Vardhaman Entrepreneur Award of the Year was won by Mr Sudhir Dhingra, Chairman and Managing Director, Orientcraft, an export house, Mr Vinod Sahney, Director and CEO (North), Airtel, was conferred on the LMA Dayanand Munjal Manager of Year Award. Mr Ranjodh Singh, Chairman and Managing Director, GS Radiators, bagged the LMA Trident Young Entrepreneur of the Year Award.
Presenting the awards to the entrepreneurs, the Governor congratulated them for their outstanding achievements. He stressed upon the need for a thorough introspection as there was still a long way to go. The Governor urged the entrepreneurs and the managers to come out and look for the talent everywhere. He said it was the responsibility of each and everyone to contribute to the socio-economic growth of the country.
He emphasised the need for observing ethics in business. Quoting earlier speakers, the Governor said standards must be maintained at all costs. He said the entrepreneurs needed to be innovative as much more needed to be invented and explored.
Mr H.K. Dua, Editor-in-Chief, The Tribune Group of Publications, in his keynote address congratulated the people of Ludhiana for their entrepreneurial spirit. He maintained that the agricultural and industrial growth in the city had stagnated. He observed that Ludhiana was “not the Ludhiana of the 21st century” as it had lost out to cities like Bangalore and Hyderabad which were already on the world map.
Summing up the debate on entrepreneurship, Mr S.P. Oswal, Chairman, Vardhaman Group of Companies, corroborated the observations of Mr Surinder Kapur that the entrepreneur should not only dare to dream and break away with the past but he should also appear to be “distinct and different”.
Mr Brij Mohan Lall Munjal, Chairman and Managing Director, Hero Group of Companies, sought labour reforms in the country. He underlined the need for introducing the labour reforms in the country to make it industry friendly for its sustenance in the global competition.
Presenting the annual report of the LMA, Mr V.K. Goyal, general secretary, listed various achievements of the association. He said the LMA had come a long way in incorporating a professional managerial culture in Ludhiana by organising regular interactions with reputed managers, entrepreneurs and intellectuals.
Mr O.P. Munjal, Co-Chairman and Managing Director, Hero Group of Industries, was as usual poetic in his introduction of the Governor. His Urdu couplets provided the much needed poetic relief to the audience.
While Mr M.C. Munjal delivered the presidential address, Mr Anil Kumar presented the vote of thanks.