The progress and development of all the nations of the world depends on the managerial behavior implied in the industries of that nation. The gross domestic product of a country rises by the business skills and market acceptance of the goods produced in the industries.

The basis of the development of any nation is the revenue earned by the government through business. These thoughts were expressed by Prof. Vijay Page, Director General, MET Institute of Management, who was speaking as the key speaker in the inaugural session of the seminar titled ‘Contemporary Innovative Practices in Management’ at Pacific University.

In the beginning of the programme Rahul Agrawal, Secretary of PAHER Society welcomed all the guests and said that Pacific University is organizing three international conferences for the managerial development of the students and the faculty.

Prof. Bhagwati Prakash Sharma, the Director of the conference threw light on the scope of the conference. He further added that in the present times Indian managerial behaviors are seen as examples. He quoted the examples of Daewoo Commercial Vehicle Company which was declared bankrupt and after that Tata Group purchased it and brought it to profit.

The seminar coordinator Prof. Harshita Shrimali informed that the seminar will be conducted in 16 technical sessions in which 8 sessions were conducted on 13 April. More than 840 research papers have been received for the seminar by the students. In Finance 110, HR 105, Marketing 90 and IT 45 students registered their names for paper presentation.

The Marketing session was presided over by Dean Faculty of Management Studies while HR session was chaired by Prof. N.M. Khandelwal. In Finance session Prof. Pragnesh Shah of Baroda University presided over the session. A grand cultural programme was organized at the end of the session.

The seminar was presided over by the President of Pacific University, Prof. Bhagwan Das Roy who stressed that new research in the field of management is the need of the hour and therefore such seminars are very important. At the end of the first day’s session Organising Secretary, Dr. Mahima Birla extended a vote of thanks and also informed that on 14 April the session will start at 9 am.