ANN/STATESMAN – A total of 380 students graduated during the 10th convocation of the Indian Institute of Information Technology Design and Manufacturing, Kancheepuram (IIITDM Kancheepuram) on Saturday.
Union Finance Minister Nirmala Sitharaman was the chief guest at the event.
Speaking on the occasion, Sitharaman underlined that India’s higher education has contributed to the best of company executives globally and around 25 per cent of all start-ups in Silicon Valley are managed by “people of Indian origin”.
“I want to underline the fact it is India’s higher education which has contributed to the best of company executives. Globally, 58 top-notch company CEOs are Indian in origin and India-education and they are in 11 such companies that are multinational, whose collective revenue is over one trillion and four trillion in turnover,” a statement quoted Sitharaman as saying.
Further, speaking about India’s startup success, she encouraged the students to become entrepreneurs.
India now has 100 unicorns and their market value is USD250 billion and they have collectively raised USD63 billion from the market, the minister said.
“Even as some of you would want to seek jobs, I am those for those of you who want to become entrepreneurs and create jobs for others, it is not a worrisome world. There may be health risks but it is possible for you all to become entrepreneurs,” read the statement quoting the minister.
The minister also laid the foundation stone of the institute’s auditorium and inaugurated the centre of artifical intelligence (AI), IoT and Robotics.
Established in 2007, the institute has been at the forefront of offering programs in tune with the needs of the industry. Some of the unique programmes the Institute offers include B Tech in Computer Science and Engineering with specialisation in Artificial Intelligence and M Tech in CSE with specialisation in Data Science and AI.
Of the total graduates, six were PhDs, 53 M Techs, 110 Dual Degrees and 211 B Tech degree, recipients.
