The 15th Foundation Day Lecture of the Xavier Institute of Management Bhubaneswar was held on October 31, 2017 marking the thirty-year successful collaboration between the Government of Odisha and the Jesuit Society. On this day, every year renowned personalities are invited to share their thoughts and opinions and inspire the next generation of students. In the past, business connoisseurs like Ms. Vinita Bali, Madhur Bajaj, Lalite Gupte, Ashok Soota, Dr.Preetha Reddy, Dr.B.Muthuraman and Mr D Shivakumar have delivered lectures on the Foundation Day. This year XIMB welcomed Dr. Naushad Forbes, Co-Chairman of Forbes Marshall, a corporation that helps customers save energy, improve product quality, increase process efficiency through their deep process knowledge and run a clean and safe factory. The event was presided over by Mr. Rajive Kaul, Chairman, XIMB-XUB and Fr. Paul Fernandes, S.J., Director XIMB and Vice Chancellor XUB.

Dr. Naushad Forbes is an alumnus of Stanford University where he was also a Lecturer and Consulting Professor from 1987 to 2004 and developed courses on Technology in Newly Industrializing Countries. He is the Chairman of Centre for Technology, Innovation and Economic Research in Pune. Being an active member of CII, he has chaired the National Committees on Higher Education, Innovation, Technology and International Business a number of times. He was also President of CII for 2016-17.

The event was graced with the presence of noted academicians, government officials, eminent business personalities, government board members, faculty, staff, students and alumni of XIMB-XUB. The students learned a lot from Dr. Forbes as he motivated them to excel by sharing his experiences and discussed a few important lessons through examples. He spoke on the Future of Indian Industry and the role of managers in the future of Indian industry. "Oppose anyone who asks you to conform to a narrower definition of being an Indian. I am a Parsi who struggles to speak Hindi, who eats beef, and a proud Indian. Diversity is India's strength”, he said. He also added that, as future managers, one needs to make Indian Industry ethical, international, technology focussed, and collaborative as good corporate citizens.

After the talk, a question and answer session were held where the audience had the opportunity to interact with him. Fr. Paul Fernandes S.J., concluded the evening with a vote of thanks reflecting upon the institute’s 30-year-old legacy.


Xavier University, Bhubaneswar (XUB) was established in accordance with the Xavier University Act 2013 and was inaugurated on 7 July 2014. The University is India’s first digital University and an institution of higher learning for imparting professional and technical education. It is a self-financing institution of higher learning for imparting professional and technical education. XUB offers a doctoral program in different disciplines. It also offers a Master’s in Business Management through XIMB, Masters in Human Resource Management through the Xavier School of Human Resource Management, Masters in Rural Management through the Xavier School of Rural Management, Masters in Sustainability Management through the Xavier School of Sustainability, Masters in Business Finance, Masters in Business Administration (Urban Management and Governance) and a Masters in Mass Communication. Apart from these, XUB offers undergraduate courses in Mass Communication, Commerce, Computer Science and Engineering and Economics.


XIMB, a 30 years old business school of global repute is the flagship School of Xavier University. Inspired by the Jesuit spirit of ‘Magis’, or excellence, XIMB strives to be a premier institute, globally recognized for management education, training, research, and consulting that helps build a just and humane society. The Institute today has become widely recognized for its excellence in imparting management education and is counted among the leading management institutions in the country.

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