New Delhi, 21 st Sept: As business leaders try to navigate and rebuild economies savaged by the global meltdown, business schools around the world are rethinking leadership and how to train the next generation of managers in the midst of unprecedented challenges. It is not time to tweak what has been done before.

It is a time for reinvention of management education. The reinvention may well be led by India, where explosive growth in demand for management training has opened the door to massive growth and innovation in the business school sector. I heard firsthand many of the newest ideas and opportunities being discussed by the elite of Indian business schools, government officials, and corporate leaders in August in Delhi at a global conference called Rethinking & Rebooting Indian Management Education.

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India and Italy on Monday entered into an agreement to promote bilateral trade and investments.

The agreement was signed between Invest India, a joint venture firm between the government and the Federation of Indian Chambers of Commerce and Industry (FICCI), and the Italian National Agency for Inward Investment Promotion and Enterprise Development.

“I expect signing of this memorandum of understanding (MoU) will lead to more trade and investment between India and Italy,” Commerce and Industry Minister Anand Sharma said while addressing the largest ever Italian business delegation in India here. Mr. Sharma said the two countries had an immense potential to increase the $8-billion two-way trade.

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