Reorganizing Indian Business during the present Global Crisis

The Coronavirus pandemic has brought a new level of challenges for the economies all around the world. With a decreasing demand and supply, the running of Indian industries seems to be quite difficult. To address all such issues, Arya College Jaipur Main Campus which is the best private engineering college in India organized a webinar on the topic ‘Reorganizing Indian Business during the present Global Crisis’. The panel of speakers who joined for this discussion included dignitaries like Dr. K. L. Jain (President, Jaipur Management Association), Dr. Puja Agarwal (Vice President, Jaipur Management Association & Arya Group of Colleges), Dr. Ajay Kumar Mathur (Honorary Secretary, Jaipur Management Association) and Mr. P.M. Bhardwaj (Chief Advisor, Jaipur Management Association).  

Although the COVID-19 cases in the country are mounting day by day and India is now on 3rd position in the world among the most affected countries. Lockdown not being the permanent solution of the problem, the Government of India with the consent of all the state governments has decided to reopen the businesses and industries. Being the best b tech college in India, our experts at the Arya College believe that the post-COVID-19 period requires proper reorganizing and the management of the business including the manpower so that we can tap the opportunities that the existing crisis has created for a developing country like India in sectors such as Information Technology, Pharmacy, Manufacturing, etc.  

The initiatives such as Atmanirbhar Bahrat and Vocal for Local by Prime Minister Narendra Modi are highly beneficial for the Indian industries and other sectors to achieve self-sufficiency. The 20, 00,000 crore packages released by the Government of India for MSME and other sectors is a positive step towards creating an independent nation. At Arya Group of Colleges, we have applied the swadeshi approach and manufactured numerous robots along with machines such as ventilators, automatic sanitization dispensing machines, etc. As the best university for b tech in India, we are well aware of the importance of innovation and therefore, the manufacturing of these machines reflects that we are utilizing the local resources and techniques which will boost our economy especially in the post COVID scenario.  

Moreover, the IT sector is one of our strengths and we not only can fulfill our local requirements but our qualified IT professionals can also serve the top positions in multinational companies at a global level. At Arya College Main Campus we also offer the best placement to students and our alumni are serving in the renowned multinational organizations. This is the reason why students who plan to pursue engineering choose this college which is counted among the top 10 private engineering colleges in India. Apart from this, all the panelists at the webinar concluded that restructuring the organization structure is one of the best ways to reorganize the business. The top-level management is required to be very careful in analyzing how cost-cutting can be done by making necessary changes in the organization structure.