President’s Desk – GCCI Bulletin December 2017

President’s Desk – GCCI Bulletin December 2017

GCCI President

Dear members,
We all agree that times are changing. Every generation thinks that ‘when they were young, those were the golden days, the best times’ etc. While, which were the best times may be debatable, what is notable is that today, change is taking place at the fastest pace imaginable. What happened over decades is now scrunched into years. There is a deluge of information. Rapid advances have been made in science and technology which pervade almost all fields even arts. New fields, new options have opened up as never before and the age old arts, science and commerce can longer be the strait-jacketed options.
Sadly, our students, our future are still saddled with age-old curriculum . While several additions have been made to all curricula, deletions are scarce. The emphasis is still on just purging on paper all that is learnt whether the knowledge is relevant, still applicable in today’s times is not important. What is judged is the student’s ability to regurgitate all the input. The general outcome is a generation of youth
burdened with the information but without an idea ( applicability and the relevance of what they have learnt
This youth now enters the industry. Totally unprepare the actual challenges. That is when unlearning start that of new learning begins. Yet the system continues.
GCCI has been trying to highlight this by organ ‘Education-Industry Connects’. To start with the 1 Education Committee organised two such program! year where final year engineering students of presented their ideas to industry representatives. Ma the projects did receive financial and mentoring sup However, our responsibility to our students does note that. As the economy is shifting towards total c transformation, our curriculum needs to be updated 5( students are prepared for new skills and know’ required in the 21 “century.
Internationally, schools and colleges are adapting t( change as more and more students seek more from education than just qualification. They want to chart their career paths , acquire soft skills and gain worth” job experience. They know what they want because the encouraged to think different and to express thems( There, teachers are more mentors than enforce university rule books.
Whereas our curriculum is restricted to theoretical lear outdated laboratory equipment and absence of applied based learning. Primarily, mathematics is where students stumble and an application based approach vl help them understand the relevance of mathematics every day life.
Employers seek employees who are industry ready. means those who can apply their knowledge to the job have a professional approach. On the one hand we face crisis of unemployment and on the other a large percei of graduates we churn out are unemployable. I_ employment is also rampant due to ‘scarce job available Actually, more than scarce jobs, it is the lack of experiences.
skills or knowledge that so many vacancies go unfulfilled. That is the reason that connecting industry to the classroom is so important. If Industry chooses to ignore the students and expects the problem to take care of itself, this will not happen.
There should be a serious partnership between industry and education with the mission to create a population of skilled workforce. The industry could communicate the areas of critical hiring need. An industry-academia committee could be formed to restructure curriculum and to recommend industry training . The responsibility of the institution does not end by awarding degrees to students but by the placements and avenues it can open to them. Internship and apprenticeship should be given utmost importance. Many teachers also dread the prospect of revisiting the syllabus and acquiring new knowledge. Complacency in the new age will only lead to outdated systems. Technology and online training to teachers through various media like skype could be made so that industry can impart virtual training simultaneously to the teachers as well as students.
GST has been a huge change in India’s economy and therefore on the accounting scene. There is a tremendous shortage of trained workforce who can handle GST matters.
This month GCCI in collaboration with I Create organized the Regional Business Plan Competition. Eight premier colleges of Goa including Damodar College, MES College, Fr.Agnel Institute, DMC, Saraswat College, Dempo BBA College and Rosary College participated in the RBPC. The final eight contestants selected made their pitch and presented their business plans. This is another initiative of the Chamber to encourage students to go a little beyond classroom training and learn ways to etch out their own careers.
Education also has positive social consequences . Students no longer want to be restricted to the standard careers engineering, medicine, law, chartered accountancy etc.. There are many opportunities beyond this and we as a society have to encourage our youngsters to explore the new avenues that are opening up. Students are the ultimate stakeholders of learning. We must allow students to communicate, collaborate and prepare them to adapt to new technology.
As an industry body, I request all our members to please extend all help to our students our future. Let us take this as an opportunity for all businesses to solve hiring gaps by partnering with educational institutions and lending them support. After all , all businesses need human resources.

Download GCCI Bulletin December 2017