VISAKHAPATNAM: The Indian Institute of Management Visakhapatnam signed a memorandum of understanding with Hindustan Petroleum Corporation Limited (HPCL) to strengthen the academia-industry interface and relationship between the two major public sector institutions.
As part of the MoU, IIM-V will offer short-term and long-term programmes to the HPCL officers for helping them hone their management and leadership skills. Surveys and studies will be conducted by IIM-V suiting the requirement of HPCL for assignments such as employee-engagement, training needs analysis, etc. In turn, the MBA students of IIM-Vizag will be provided with industry exposure and industrial-training opportunities with the HPCL.
Speaking on this occasion, IIM-Vizag Director Prof M Chandrasekhar explained how the MoU would establish a strong relationship between HPCL and IIMV. He shared information about the various distinctive achievements of IIM-V and the special position the Institute enjoys in the comity of IIMs. “With several firsts to its credit, the Institute is on fast-track progress and growth,” the Director explained.
Director (HR), HPCL, Dr Pushp Kumar Joshi, who attended the programme as the chief guest, said; said “As part of the collaborative endeavour, the senior executives of HPCL and faculty in IIMV will work together to strengthen the multi-faceted academia-industry relationship and contribute to the field of action research”.
Dr Joshi added that building digital skills, business competencies and application of advanced sciences like neurology, behavioural sciences, consciousness and psychology to HR and organisational practices would be of interest to HPCL, on which IIMV could be a knowledge-partner. Dr Joshi invited IIM-V to use HPCL and its facilities as a Lab for its applied research work and together, the two organisations could co-create knowledge for application in HPCL as well as for use as case studies in academics.
The MoU was signed by General Manager (HR), HPCL, K Nagesh, and Coordinator (Administration), IIM-V, Prof. Neena Pandey, on behalf of their respective institutions.
The event was attended by the IIM Visakhapatnam faculty members and senior executives of HPCL.
The other components of the MoU include case study development by IIM-V in the areas of industrial impact and operational excellence of HPCL. IIM-Vizag will also take up impact studies in areas like corporate social responsibility, public relations, training and development, etc. to identify the effectiveness and reach of different programmes and initiatives of HPCL.
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