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Govt committed to build infra: Commerce Minister

Anand Sharma, Union Minister of Commerce and Industry, has said that the Government is committed to building infrastructure which would support robust industrial growth and reduce costs. He was talking after inaugurated a National Seminar on Industrial Productivity for Inclusive Growth.
The Minister added that the investment in infrastructure has risen from 4.9% of GDP in 2002-03 to 6% of GDP last year.
The Minister stated that the Government has followed an inclusive model of economic growth to ensure that the benefits of growth percolate down to the poorest of the poor. "The collective challenge we face today is to ensure that the benefits of growth trickle down to all sections of society and to all parts of the country. We cannot allow a situation where we see islands of affluence amidst oceans of poverty. Growth in order to be sustainable must have a human face.
Indian industry has a crucial role to play in this regard and modern times demand the creation of a robust partnership between Government and industry," he said.
The Minister reiterated the Government’s committed for ensuring balanced regional development of the entire country so that while India grows all parts of the country should grow equally.
Discussing about the challenges ahead, the Minister informed that the first challenge was: to create a reservoir of skilled manpower which is globally competitive. A key to achieving inclusive growth in its true spirit through building a strong skill development initiative which would transform the lives of people so that everyone can be an equal partner in our growth story. The second was improving labour productivity. The third challenge was to drive manufacturing on a high growth trajectory.

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June 2020
10 Jun 2020