Indian economy calls for innovation and constant change as the liberalization and globalization process has posed a large number of challenges. We need high quality managers and technical professionals who should be more entrepreneurial in skill, quality and nature.Our potential for creativity is unlimited and the quality managers need to realize this fundamental truth and start thinking out-of-the-box for new ventures and product-lines which calls for knowledge-based management where knowledge capital has to be largely used for competitive advantages. It is also for top management to encourage and motivate the managers to convert ideas into reality and try-out new projects.The courses of this Institute are designed addressing the practical requirements of the business and industry and we are striving to develop an academic environment making industrial and field visits frequent enabling tomorrow’s professionals come closer to the real enterprise challenges.With best wishes.