Press Release (07 January, 2017)
Nobel Laureate Professor Muhammad Yunus is being ceremonially honoured during the observation of the 90th anniversary of Andhra University , Vishakhapatnam, India and the 10th anniversary of the Nobel Peace prize of Professor Yunus.
Andhra University , Vishakhapatnam , India received Professor Yunus on 5 January as Chief Guest in its three day observation of the 90th anniversary of the university and the 10th anniversary of the Nobel Peace prize of Professor Yunus . On this occasion a symposium on Social Business for Sustainable development was organized . Professor Yunus gave the keynote speech in the inaugural session. Before his speech the Human Development Minister of Andhra Pradesh Ganta Srinivasa Rao and the Vice Chancellor of the University Professor Nageshwara Rao welcomed Professor Yunus and declared that the university is in the process of creating a Yunus Centre of Social Business as an interdepartmental facility to take up research on social business and to inspire young entrepreneurs in it. Professor Raghu Babu on behalf of the organizers explained the inspiration by Prof. Yunus's ideas and actions that led the university to make this decision.
Attended not only by the faculty and students of the university but also the academia and young students from nearby districts attended Prof. Yunus's very inspiring speech. He narrated how the idea of social business spread out and how can Andhra University play an important role in it. He also emphasised that the social business model will bring about a qualitative change for the better across the world, not just for Third World countries. Exhorting youngsters to turn entrepreneurs rather than job-seekers, Yunus said south asian countries can make use of the demographic dividend if the spirit of entrepreneurship is inculcated in the youth.