Innovation has become critical for the growth of the Indian economy today

PROF. ARUN KUMAR RATH
CHAIRMAN, CENTRE OF CORPORATE GOVERNANCE & CSR IIM NAGPUR

“With the 17th OITF, VARINDIA has gone beyond the conventional boundaries of social responsibility and industry discourse by honoring the 50 Jewels of India. This initiative is a matter of pride, as it reflects the team’s willingness to step beyond its core domain into a space few choose to explore. Looking ahead, two milestone years stand before us—2036, marking 100 years of Odisha as a separate state, and 2047, when Bharat will celebrate a century of independence. These moments compel us to reflect on what we have achieved over the past hundred years—achievements that would make our forefathers proud—and to ask what meaningful contributions we will make as responsible citizens of the nation. If we find ourselves lacking answers, now is the time to introspect, realign, and act with purpose, evaluating where we stand and the direction we are heading.

Equally important is innovation, which lies at the heart of growth. Without innovation, progress stagnates. History reminds us that the Industrial Revolution of the 18th century transformed societies and economies, enabling nations to prosper—and innovation was the driving force behind that transformation. Today, we must once again ask ourselves whether we are innovating enough to sustain growth. Innovation fuels new engineering capabilities, entrepreneurial spirit, and ultimately, the overall development of the nation.”