It is an exciting time to start your career, especially in India, said N Chandrasekaran, Chairman, Tata Sons at the 59th Convocation Ceremony of IIT Madras. The chairman of Tata Son was the main guest at the ceremony and advised the students: “It is clear that it is going to be a digital world and a digital economy. The adoption of digital technologies by everyone, rich and poor, has shown that it has become a behavioral change. Companies with their own AI and data are already distinguishing themselves. Companies must not only adopt AI and data, but also lead with AI and digital, which requires technical talent. There will be no domain industry that will lead on its own be it healthcare or manufacturing and that can only happen if all of you (students) play a part and it will be an exciting role driving transformation across sectors.”
Chandrasekaran congratulated the graduating students and award winners, said:
“Our economy has grown 100 times in the 75 years from 1947 to today. At that time, 50 percent of our economy consisted of agriculture. Now it’s less than 20 percent. No one expected India to play a major role in the technology sector. Our GDP per capita is set to increase significantly over the next decade and decades.”
Speaking to the graduates, N Chandrasekaran, Chairman, Tata Sons, who was the main guest at the event, said: “It is a great privilege for all of you to have studied in this wonderful institution and I am quite sure that it has prepared you in multiple different ways that you may not recognize today.”
A total of 2,084 students graduated at the 59th Convocation of IIT Madras, which was held on campus on Wednesday. No fewer than 2,620 degrees (including joint and dual degrees) were awarded to the students on the occasion. The convocation was held in physical mode after a two-year hiatus. The 60,000th degree of the Institute since its inception was also awarded during this Convocation.
In addition, a total of 306 PhDs were obtained, including PhDs, joint degree PhDs with foreign institutions and dual degree PhDs.
dr. Pawan Goenka, Chairman of the Board of Directors of IIT Madras, congratulated the graduating students: “This is a very important decade for India. The world order is changing. India today has opportunities like never before – across sectors and geographies. for a revolution in every aspect of our lives. There could not have been a better time for you to graduate and make a difference in the lives of millions of people.”
Prof. dr. V. Kamakoti added: “IITM Incubation Cell continues to incubate approximately 40-50 companies annually, with a cumulative portfolio of 260 deep tech startups. IITM incubated companies are valued together at ₹30,000 crores, based on their latest investment data. There are 106 startups in the market, which have generated revenues of ₹650 Cr in FY21-22 despite the pandemic and have created more than 7,000 direct jobs. IITM startups have filed more than 210 patents and 10% of the startups were founded by women and 16% by the IITM faculty.”
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