 I request Sri Rakesh Bharti Mittal, member ISB executive board and chairman of ISB's Mohali campus advisory board to felicitate the Honourable Prime Minister with a momentum. The Honourable Prime Minister is being presented with a coward, a portable storytelling device modeled on temples. The coward has origins in Rajasthan. It captures the highlights of ISB through its 20 years and tells the story of the school's evolution in a unique and visually rich manner. Each panel of the coward represents an aspect of the school that has helped it create impact for its various stakeholders. I now request Dean Madan Pilotla to welcome the Honourable Prime Minister and the other dignitaries on the dais. A very good afternoon to all of you. On behalf of ISB, it's a privilege and honour to welcome Sri Narendra Modiji, Honourable Prime Minister of India to our campus here today. Welcome, sir. I cannot think of a better way to celebrate ISB's 20th year and the very first combined graduation of students from our Mohali and Hyderabad campuses and especially when India is celebrating its 75th year of independence. Sir, your presence with us this afternoon will be cherished memory for this graduating class as you have graciously consented to give them your blessings as they embark on their careers. I also welcome other dignitaries on the dais. Her Excellency, Dr. Tamil Saif, Tamilya Sai Sondar Rajan, Governor of Telangana, Union Minister, Sri G. Kishan Reddy, Sri Srinivas Yadav, Minister in the Government of Telangana, ISB Chairman, Sri Harish Manwani and Sri Rakesh Bhati Mittal, Chairman of the Mohali Campus Advisory Board. A warm welcome to all my faculty colleagues too. I take this opportunity to congratulate the graduating class. We are proud of your many accomplishments in the one year you've been with us. I'm confident that the transformative year that you had at ISB will be at the core of your leadership journey. Today is a remarkable day. It's the very first time that we have a Prime Minister addressing our graduation ceremony. The school was inaugurated in 2001 by Prime Minister Vajpayee Ji and it was designed to be a research driven independent management institution in India that produced leaders for India and the world. The outcomes of our hard work over the 20 years are evident. We have been consistently ranked among the top business schools in the world and have also consistently held the number one position in India over several years in all the major rankings. I'm happy to share with you that we are in the global top 30 in terms of per capita research productivity in the past few years. Our faculty are attempting to solve India centric problems through rigorous research led insights. Whether it is in finance or economics, marketing or operations, our faculty's rigorous research serves as a benchmark for global scholarship and management. One example among many. One of our distinguished faculty members observed in India that the standard screening guidelines for detecting chronic illnesses from developed countries are not very effective in Indian settings due to low availability of data as well as differences in underlying population characteristics. This faculty and his research team used data from a large program run by a social enterprise in Hyderabad to calibrate a machine learning model. The model outperforms American and UK guidelines in detecting more diabetic and hypertensive cases at lower costs. This is an example of the kind of research that we do world beating research in India that informs management scholars around the world. Honorable Prime Minister, as the school is now entering its third decade, we aspire to be a resource for the nation and play a part in achieving the positive transformation that has been the centerpiece of your leadership. Our partnership, for example, with the capacity building commission enables us to contribute to your ambitious mission Karma Yogi vision. We're also honored to be partners with your government's initiative on entrepreneurship through the Uttle Innovation Mission and the Department of Science and Technology. Sir, please tell us how the ISB can support your vision of building our nation. Just like Professor Krishnamurthy Subramanyan, who put his considerable learning and expertise in the service of our nation as the chief economic advisor, we have on our faculty very willing contributors. You can count on all of our partners, the distinguished leaders who serve on our board and are here today, the reputed international universities in our network as we realize the idea of a new India. Thank you, sir. Jay Hind. Thank you, Dean. I now invite Harish Manwani, chairperson ISB executive board to address the gathering. Honorable Prime Minister of India, Shri Narendra Modiji, Honorable Governor of Telangana, Dr. Sundarajan, Union Minister Shri Kishan Reddy, Telangana Minister Shri Srinivas Raj Yadav, Dean Madan Pilutla, fellow members of the ISB executive board and very importantly the graduating class of BGP 2022. And of course the faculty and staff. A very good afternoon to all of you. It is indeed a unique privilege to have our Honorable Prime Minister with us on this momentous occasion. As we celebrate not just the graduation of the outgoing PGP class, but also the 20th anniversary of our beloved school. On behalf of the entire ISB community, thank you, sir, for gracing this occasion with your presence. It is truly an honor for all of us. We live in a very volatile and uncertain times globally with multiple challenges to our environment, geopolitical risks, rising inequity, a once in a lifetime pandemic, and the double-edged sword of technology that is positively changing daily lives, but also redefining the very nature of how we work. But there is also some good news. You, the PGP class of 2022, will be entering what is being forecast as the fastest growing major economy and what will undoubtedly be India's decade. However, you are also entering a world where the role of business and expectations from corporates has fundamentally changed. From not just serving shareholders, but to serve all stakeholders. Businesses must not just grow and create economic value, but also be part of the solution to the challenges of the communities in which they operate. In order to do this, we need a new generation of leaders, leaders who are purpose-driven and values-led, leaders who truly believe you can do well by doing good, leaders who will run not just the great companies, but good companies, companies that are commercially sound, but also companies that care. These are exactly the kind of leaders that ISB wanted to create when it was founded. Leaders that are competent, but also compassionate. Leaders that are smart, but also sensitive. Leaders that are as comfortable operating in the developing economies like ours as they are in the developed economies. When Sri Atal Vihari Bajpayee, the then Honorable Prime Minister of India inaugurated the school in 2001 and called it a raster dakshina, a gift to the nation. He very clearly set the bar for us and we have tried our best since then to live up to those high expectations. Honorable Prime Minister, you would be delighted to know that over the last several years ISB has consistently been ranked first amongst Indian business schools, amongst the top five in Asia and the top schools in the world in several prestigious global MBA rankings. So congratulations to all of you. More importantly, we have produced 13,500 alumni, 600 of whom are entrepreneurs. 11 of them have gone to found unicorn startups and for more than 550 of them are working in senior executive positions across the world. This does not include thousands of others who have benefited from our executive education program in public and private sector. These are remarkable achievements for a not-for-profit institution which is just two decades old. None of this, of course, would have been possible without the unstinted support and collaboration with the central and state government over the years. Honorable Prime Minister, you have spoken about Amritkal, our opportunity to work towards a strong, developed and inclusive India. Looking ahead, ISB would like to play its part in developing business leaders with that shared vision and, importantly, the capabilities to build solutions for an atma-nirvar India of the future while also setting an example to the rest of the world. To you, the graduating class of 2022, I ask you to fulfill this grand vision and play your part in nation building. Go out there and in the words of Mahatma Gandhi, be the change that you want to see in the world around you. My very best wishes to you and your families as you embark on this exciting journey outside the campus of ISB. Thank you. Thank you, Srimanwani. I would now like to request the Honorable Prime Minister to unveil the 20th year anniversary commemorative plaque. The plaque captures the essence of values ingrained in ISB as an institution. The banyan tree is a symbol of deep rootedness and longevity, and the gangalam bowl represents the fountain of knowledge that the school forever aspires to be. The 20 birds represent 20 years since the inception of the school, and the clouds are illustrative of the positivity with which ISB looks ahead to the future. This plaque was designed by artist Tota Lakshmi Narayana. I now invite the postmaster general to present the first copy of ISB My Stamp and the special cover to the Honorable Prime Minister. The ISB My Stamp is a commemorative stamp released on the occasion of the school's 20th anniversary, released along with a special cover and seal. It shows an artistic depiction of ISB's campuses in Hyderabad and Mohali, conveying the one school, two campuses philosophy. The first copy of the ISB My Stamp is being presented to the Honorable Prime Minister. Thank you, sir. It is now time to distribute the certificates and awards to the meritorious students. We are recognizing the following student award winners today. The ISB Scholar of Excellence Award honors three students who rank second, first, second, and third by cumulative grade point average in the graduating class on each campus. Of the six scholars of excellence across campuses, the student with the highest CGPA receives the gold medal. The chairperson's award for excellence in leadership to the best all-rounder for academic excellence as well as excellence in leadership. And the ISB Parmeshwar Godrej award, which is given to a women's student who has shown commitment, compassion, and has contributed towards the social or non-profit sector. I kindly request the Honorable Prime Minister to present the awards to the students. I request the students to come forward as I read out their names. The gold medalist for the PGP class of 2022 is Abhijeet Ramsevak Mukhekar. He is also a Scholar of Excellence. The other scholars of excellence from both campuses are Charu Bharadwaj, Vaidehi Madhuri, Vikram Singh Bist, Uthkarsh Arora, and Pradeep Kumar Bodige. For the chairperson's award for excellence in leadership to the best all-rounder for the Mohali campus, we have joint winners this year. We have Pranjal Zambre and Siddesh Raikar. For the Hyderabad campus, the chairperson's award for excellence in leadership to the best all-rounder goes to Raghav Chopra. The winner of the ISB Parmeshwar Godrej award is Aishwarya Mishra. Thank you Honorable Prime Minister for recognizing the student award winners. The ISB now confers the postgraduate program and management on the entire class of 2022. Congratulations and best wishes to all the graduating students. I now invite the Honorable Prime Minister to deliver his address. I now invite the Honorable Prime Minister to deliver his address. I now invite the Honorable Prime Minister to deliver his address. I now invite the Honorable Prime Minister to deliver his address. I now invite the Honorable Prime Minister to deliver his address. I now invite the Honorable Prime Minister to deliver his address. I now invite the Honorable Prime Minister to deliver his address. I now invite the Honorable Prime Minister to deliver his address. I now invite the Honorable Prime Minister to deliver his address. I now invite the Honorable Prime Minister to deliver his address. I now invite the Honorable Prime Minister to deliver his address. The world's third largest startup ecosystem is in India. The world's third largest consumer market is in India. There are so many things that I can keep in front of you, I can count them. The world and all of us have seen India's prosperity in a very large scale. In the biggest sector of the century, there was such a big disruption in the global supply chain, then the war increased this sector even more. Even in the midst of all this, India is now in the form of a large scale of growth. Last year, the highest record FDI came to India. Today the world feels that India means business. And this has not only happened because of the government's efforts alone, but also because of the international business schools and the professionals who are coming from here. The youth of the country is also a very big asset. Whether it is startups or traditional business, whether it is a manufacturer or a service sector, our youth is proving that they can lead the world. I am not telling you whether you have faith or not. I have faith in you. You have faith in yourself. Friends, today the world is seeing India, the youth of India and the production of India with a new respect and new faith. Friends, the scale in which India can do many things in its own way, the way we can make some decisions or policies here, it becomes a matter of learning for the whole world. And that is why we often see Indian solutions being globally implemented. And that is why I will tell you today on this important day, that you connect your personal goals with the goals of the country. Whatever you learn, whatever your experiences are, whatever initiatives you take, how the country will always think about this, always think about it. Today, whether it is for the ease of doing business, whether it is for the work of completing more than 1000 laws and 1000 compliances, whether it is the construction of a GSD-like power plant by completing many laws of tax, whether it is increasing the entrepreneurship and innovation, whether it is a new startup policy, a drone policy, whether it is to open up new sectors, whether it is to complete the 21st century requirements, whether it is to implement the national education policy, all these big changes are happening for young people like you. Now, from the young people's side, the upcoming solutions, to implement those solutions, to make your ideas the strength of the country, our government has always stood with the youth power of the country. Ladies and gentlemen, you must have heard that I am repeating one thing again and again, and I often say that I am talking about reform, performance, and transformation. This mantra defines the governance of the country today. The students of management like you are also very important for professionals. I am telling you all these things because after leaving this country, many policy decisions are going to be taken. Policy should only be good on the drawing room, better on the paper, if the results are not given on the ground, then there is no benefit for it. That is why the wisdom of policy should be based on implementation and end result. Reform, performance, and transformation is the mantra. How to redefine the governance of the country? I would also like young people like you to know that it is very important. If you take a look at the 8-year history of the country, if you take a look at it from the first three decades, please note that the need for reforms in our country has always been felt, but there was always a lack of political will power. In the last three decades, because of the political influence, we have seen the lack of political will power for a long time. That is why the country has been away from taking big decisions from reforms. After 2014, our country is also seeing the lack of political will power and the lack of reforms are also happening. We have shown that if with faith, with the lack of will power, the progress of reforms continues, then the contribution of the people is increasing. The example of FinTech is in front of us. In the country where banking was considered a privilege, FinTech is changing the lives of ordinary citizens in the same country. In the country where banks had to work very hard to establish trust, now 40% of the world's digital transition is happening in India. Even our health sector was considered to not be able to respond to any big challenge. But in the health sector, we have experienced the impact of the country's will power during the biggest pandemic of the century. When the corona gave us a message, we had a huge manufacture of PPE kits. The corona-specific infrastructure is not even necessary. But looking at it, more than 1100 PPE manufacturers have been created in India. In the beginning, there were several types of labs for corona testing. In a very short period of time, more than 2,000 test labs became a network. We were worried about whether we would be able to get foreign vaccines. But we made our own vaccines. We made so many vaccines that more than 190 crore doses have been applied in India. India has sent more than 100 vaccines to the world. In the same way, we did many reforms in medical education. In the past eight years, the number of medical colleges has increased from 380 to more than 600. In India, medical and postgraduate seats have increased from 90,000 to more than 1.5 lakh. In the past eight years, the country has shown its desire for power. Because of that, another major change has come. Now, with the full power of bureaucracy, the reforms are false. The system is the same. But now, the results are very clear. And in the past eight years, the biggest problem is the public. The people of the country are moving forward and giving the reforms. We have seen this clearly in India. And now, in the heart of the people of India, we are also seeing the power of the people. When the people join together, the results are necessary and we get them quickly. That is, in the government system, the government reform, bureaucracy performs, and with the help of the people, there is a transformation. Ladies and gentlemen, this is a very big case study for you. The dynamics of reform, performance, and transformation are a matter of research for you. The youth who are studying here should be brought forward in front of the world. And the youth who are studying here should also try to apply this mantra of reform, performance, and transformation in every area. Ladies and gentlemen, I would like to remind you that in the sports ecosystem of the country, I would like to address the transformation. What is the reason that after 2014, in every field of sports, we are getting to see the unprecedented performance. The biggest reason for this is the self-confidence of our athletes. Self-confidence comes when there is a search for the right talent. When the talent's hand is holding, when there is a transparent selection, there is a better infrastructure for the competition of training. We can see sports in front of our eyes as well as in the Olympic podiums. In the world of management, performance, value-addition, productivity, and motivation are very much discussed. If you want to see the best performance in the public policy, then you should definitely study the aspirational district program. In our country, there were more than 100 districts that were quite behind in the course of development. In almost all the countries of the country, there is a little more of such an aspirational district. In every parameter associated with development, these districts scored very little. Its direct impact on the overall performance, rating, overall preservation of the country was very negative. They understood that there was nothing happening, that there was no change. The conditions were bad. And that's why the government used to try to push them back. This is a backward district. If this is the way it is, then it will be in their minds as well. There will be no change. In the government system, the authorities were considered to be the least productive. They were considered to be the least productive. They were often put in these districts and said, If you go back, you will have to know your fate. But friends, we have changed the approach. Until yesterday, we used to call it a backward district. We have said that it is not a backward district. It is an aspirational district. We have made it an aspirational district. And we have decided that in these districts, we will raise the economy of the development system. We will raise a new hunger system. The youth authorities of the country were sent to these districts by suppressing the efficiency of the country. Every job in these districts was monitored especially. We did not have to monitor the real-time on the dashboard. We tried to eliminate the weak. And you will be happy to know that many of these districts are performing better than the other districts in the country. The districts used to call it a backward district. They used to influence the development parameters of the country. Today, they are building up the development of the country as an aspirational district. Now, we have said to the states that they should investigate this approach more. There are such blocks in every district that are backward in the development process. By identifying such blocks, the aspirational block is moving forward. This change is happening in the country. Their information will help you in policy decisions and management. Friends, it is important for you to know this. Because today, the economy of the country is changing. And the business is also increasing. Today, in India, there is a small-medium cottage of economic lands. And I am still working in the informal enterprise. This business is giving millions of people the opportunity to work. Their contribution is very much. Their commitment to move forward is very much. That is why today, when the country is writing the new chapter of the economic development, we will remember one more thing. We will have to take care of small businesses as well. We will have to give them a bigger platform. We will have to give them a better opportunity to grow. We will have to help them with new markets in the country. We will have to connect them with more technology. And on the same note, the land of ISB students is very important. As a future business leader, we will have to take care of every business, to give them a bigger platform. We will have to move forward. We will have to take care of the responsibilities. And you see, if you help small businesses to grow, you will help lakhs of entrepreneurs. You will help crores of families. To make India a future ready, we will have to make sure that India becomes independent. And in this, all of you business professionals have a big role. And for you, on the one hand, the service of the country will be important. Friends, to do something for the country, to do something for the country, your judgment will take the country to a new level. I trust the ISB, I trust the ISB students, I trust the ISB students as they are more confident than you. Along with a challenge, you will have to get out of this dangerous situation. You will unite your groups from the problems of the country. We will do anything in the form of a nation, with this commitment, when you do any effort, then success will be on your feet. Once again, today I have the opportunity to give a medal to all the friends who have received the medals, I give a lot of good wishes to their families, and I hope that in the development of India, we will continue to prepare such generations, we will continue to work on such generations along the way. With this, I would like to thank you all very, very much. Siddha Prasaran, you were watching from Hyderabad, where Prime Minister Narendra Modi took part in the Indian School of Business on the 20th of this month. He also gave the medal to the students who were there.