Nagpur: Calling young management graduates to create a new India, Reliance Industries Chairman Mukesh Ambani on Saturday said that India is a land of billion opportunities and not a billion problems.

"These opportunities manifest themselves through the various challenges faced by our country," Ambani said while delivering the Convocation address at the Institute of Management Technology.

Stating that the graduating students should not only be passionate but also compassionate leaders in their field, Ambani said, "You are stepping out for an exciting career ahead, an exciting journey full of challenges.

Always think big and convert the adversity into opportunities and remain fearless and take bold steps to achieve your target."

In his presidential address, Union Minister for Urban Development Kamal Nath said management education is not only about learning the principles of management but also about understanding and appreciating the global economic realities of today and being responsive to them, about having a vision and being able to implement the vision.