Cuttack: Governor S.C. Jamir on Sunday underscored the need for more entrepreneurs rather than job seekers for generating more employment in the country.

Jamir said: "The Indian economy is growing, but it must be fast enough to generate employment levels required in the country. People should be encouraged to become entrepreneurs."

Inaugurating the 38th All-Odisha Commerce Conference at Ravenshaw University, Jamir said: "Commerce and management should teach young entrepreneurs how to manage their human, physical and financial resources in an effective and efficient manner so that there can be maximum productivity".

"Management institutes should focus on promoting entrepreneurship and related skills that can make medium and small enterprises as well as self-help groups successful. Industrial houses together with management education institutions can develop models for providing viable support services for such enterprises so that more jobs are created in the country," he said.

The concept of commerce had undergone a radical change in almost every part of the world and e-commerce - business through the Internet - is now an accepted mode of commerce, Jamir said, adding: "Management courses should acquaint students with these new instrumentalities of commerce."

"Today, business has assumed trans-national character and an understanding of how to work in interlinked markets is important. It may be useful to remember that markets have a tendency to move up and down and therefore conducting business requires skills both for the upward and downward cycles. Do management classes teach issues relating to risk management in diverse situations?" he asked.

"Commerce and management studies should include a comprehensive study of corporate governance. Studying and working should have a greater purpose, which is the welfare of communities and societies. Aspects relating to corporate social responsibilities are basic to a purposeful conduct of business," he said.

The conference, organised by the Odisha Commerce Association, constitutes of teachers and professors of commerce department of various colleges in the state.

Ravenshaw vice-chancellor Ishan Kumar Patro delivered the welcome address. The association released a souvenir, journal and newsletter to mark the occasion.