Need of the hour is to create jobs for youth: India Inc

Need of the hour is to create jobs for youth: India Inc

India Inc today asked the government to take steps to boost the manufacturing sector and create employment avenues, a day after Congress Vice President Rahul Gandhi said the nation cannot progress without the engagement of business and industry.

“Industry is in agreement with the view that the rich and poor need to work together to ensure a better future for all citizens of India. With 15 to 20 million more youth entering the workforce each year, the need of the hour is to ensure creation of new employment opportunities,” CII President Kris Gopalakrishnan said.

Gandhi said yesterday that ongoing works like laying of new railway lines and setting up of freight corridor will create new avenues in manufacturing sector for the youths in the country.

“We have been supportive of the Government’s policy and plan on manufacturing where they have focused on building large National Investment and Manufacturing Zones (NIMZ) and industrial corridors that intend to provide world-class infrastructure to the manufacturing sector and create jobs for millions of people,” Ficci President Naina Lal Kidwai said.

Without busines and industry, the country cannot progress. We want there should be a partnership between the poor and the rich, Gandhi said yesterday at a rally.

“Only manufacturing sector can create the huge number of jobs required to ensure livelihood to 15 to 20 million new entrants to the job market each year. Manufacturing needs a special toolbox of policy sets that can lift investor sentiments and catalyse projects,” CII Past President and Chairman of Godrej Group Adi Godrej said.

“Irrespective of the party in power, Assocham has always stood by inclusive growth reaching out to the people at large. The industry and businesses are incomplete without working for the people of the country as they contribute to economic growth,” Assocham Secretary General D S Rawat said.

“Two areas in particular need to be addressed to enable business and industry to take the lead role in employment creation for youth, infrastructure development and facilitative business climate,” CII President-designate and Chairman of DCM Shriram Ajay Shriram said.

This is the first time that a leader of a political party has given thrust to manufacturing sector, said Venu Srinivasan, CII Past President and Managing Director of Sundaram Clayton.

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