Governor opens TMA’s management meet, emphasises sustainable and inclusive growth

Trivandrum 5.0—Prosperity Beyond Profit’ the focal theme of two-day event

Trivandrum / May 18, 2023

Thiruvananthapuram, May 18: Kerala Governor Shri Arif Mohammed Khan today strongly advocated for moving economic activities beyond the traditional concept of profit as the sole driver of growth and success and wanted the managers to envision a future where prosperity is measured not just in financial terms but also social, environmental and ethical dimensions.

The Governor was inaugurating here the flagship conclave of Trivandrum Management Association (TMA), TRIMA 2023, whose focal theme is ‘Trivandrum 5.0—Prosperity Beyond Profit.’

Lauding TMA for its choice of this theme, the Governor said “it has been inspired by the concept of Society 5.0, which advocates a more human centric and sustainable society through innovation and advanced technology.”

This concept insists on a high degree of merging between cyberspace and physical space, so as to balance economic advancement with resolution of social problems. If this model is followed, the society as a whole would receive integrated services and comfort in all aspects of life including energy, transport, medical care, shopping, education, work and leisure,” he said.

Noting that the concept of prosperity beyond profit was not something new in the Indian context, the Governor said this has been enshrined in the ideal of Loka Samgraha, celebrated in Indian thought as the highest form of Swadharma, especially in Bhagavad Gita. “It is this sense of responsibility that governs Indian concept of management, which considers the work of managers as a Yajna, a ritual conducted for the welfare of every one, he said.

In promoting inclusive and sustainable development, startups and entrepreneurs have a special role to play by leveraging technologies to promote sustainability and by adopting responsible business, he said.

The Governor also gave away TMA-Padosan CSR Award, TMA-Adani Startup Award and TMA-KIMS Paper Presentation Award on the occasion.

Presenting the concept of TRIMA 2023, Mr Rajesh Jha, Chairman, TRIMA Committee and MD & CEO, Adani Vizhinjam Port Pvt Ltd., said the theme of the conclave is inspired by the Japanese concept of Society 5.0. Though Japan is an industrially and technologically more advanced society, it has some strong parallels with the Kerala society, one of which is advanced social development indices.

Presenting the theme of TRIMA 2023, Mr Ajit Mathai, Founder, mByom Consulting and Management Services, while presenting the theme of TRIMA 2023, said there are a few areas that Kerala needs to give a little more attention such as promoting sustainable and productive agriculture in a co-operative spirit. Also, the youths should return as entrepreneurs, not as employees, seizing on vast opportunities provided by non-polluting enterprises leveraging the state-of-the-art technology.

Dr M I Sahadulla, Co-Chairman, TRIMA, and CMD, KIMS Healthcare Management, who gave an introduction to the TMA awards, said in the current challenging ecosystem of diverse challenges and fast-paced changes, a lot of human-centric innovation is required.

Wg. Cdr.Ragashree D Nair (Retd), Hon. Secretary, TMA and Co-Chair, Medical Ethos Pvt. Ltd., presented the annual activity report of TMA. Mr M R Subramonian, Sr Vice President, TMA, was also present.

US Technology International Pvt Ltd (UST) received the TMA Padosan CSR Award 2023 instituted by Trivandrum Management Association (TMA) for the commendable CSR initiatives implemented by the global firm. 

The TMA-Adani Startup Award 2023 was presented to Genrobotic Innovations Pvt Ltd, for its cutting-edge innovations in the robotics technology domain, which have significantly contributed to the well-being of society.

The TMA-KIMS Best Paper Presentation Award 2023 was presented on the theme ‘Human Centric and Sustainable Development of Trivandrum — Role of Innovation & Advanced Technology’ to Ms Anju Das S, Mr Aravind S and Ms Nandana S. Kumar of DC School of Management and Technology, who were adjudged the joint winners.

Ms Subana Sulfi of Asian School of Business bagged the second prize in the same category.

The two-day conclave is packed with technical sessions for in-depth deliberations by corporate leaders, administrators and elected representatives, on sustainable and inclusive development of Kerala Capital Region.

TMA is a premier management association in the country affiliated to New Delhi-based All India Management Association (AIMA).