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India seeks to create 500 million skilled workers by 2020 through the national mission for skill development and supply its surplus labour to the world, Commerce and Industry Minister Anand Sharma has said.
Job creation, however, can happen only when there is growth and all countries across the world need to form partnerships to face the current global economic challenges, the Minister said at the inauguration of the Partnership Summit 2013 organised by CII in Agra.
Delegates from about 45 countries, that include ministers from 23 countries, economists and business representatives, are in Agra for the three-day summit to brain-storm on ways to steer the world out of the present economic crisis.
For developing countries including India, growth is not an option, but a must, as it has a huge social dimension.
“If growth remains low, the social impact will be unbearable. If we do not create opportunities, where will we get the jobs?” Sharma said.
As many as 200 million young Indians are going to join the workforce in the next decade, and we need to have jobs for them, the Minister said.
The National Investment Zones, 12 of which have already been approved, would create 100 million skilled jobs in 10 years.
Our focus is on skill creation through a large number of skill development courses and we are investing heavily on expanding the number of our premier institutes including IITs and NITs, the Minister said.
Stressing on the importance of collaboration between countries, Vice-President Hamid Ansari said partnerships will assume great significance and will be instrumental in accelerating economic recovery for many countries.
UP Chief Minister Akhilesh Yadav, who was instrumental in attracting the Summit to Agra, said global integration helped as well as hurt smaller economies. “While we shared in the prosperity when the global economy was booming, we too have been affected by the global recession since the last five years,” he said.
He said that the Government needed to give urgent priority to address problems related to agriculture and diversify sources of farmers’ incomes.
Focus also needs to be on the manufacturing sector as thriving industry could make growth more inclusive.
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