India to create 100 million jobs in manufacturing

  • PTI, Davos
  • Updated: Jan 23, 2014 23:51 IST

India is looking to create as many as 100 million skilled jobs in the manufacturing sector by raising its share of gross domestic product (GDP) to 25% from 16%, commerce and industry minister Anand Sharma said on Thursday.

Sharma is in Davos for the World Economic Forum (WEF) annual meeting where he would also have interactions with top executives of large companies from across the world.

"India aims to raise manufacturing (sector’s) share of GDP from 16% to 25% and create 100 million skilled jobs. This is a must do," Sharma said while addressing the WEF session on manufacturing.

According to the Sharma, India needs to expand its manufacturing sector to boost exports and ensure sustainability.

As part of India’s national manufacturing policy (NMP), the country is seeking to boost the sector’s growth and ramp up its share in the country’s GDP to 25% from the current 15-16% in the next decade. The target is to create 100 million jobs by 2022.

The decline in manufacturing sector growth rate has cast its shadow on India’s exports that slowed down to 6% last November.

Sharma, who was later on Thursday scheduled to meet around 80 business leaders in Davos, on Wednesday met top executives of global firms, including Diageo, Heineken and Shell, and pitched the India growth story.

From Around the Web
Sponsored by Revcontent

also read

Jilting Jabong on ‘issues’, Snapdeal to spend $100 m on fashion
Show comments

Steps to disable Ad Blocker on your browser


In order to serve content on our website, we rely on advertising revenue which helps us to ensure that we continue to serve high quality unbiased journalism. From our end, we will aim to show clean and unobtrusive ads to provide you with a great browsing experience.

Request to please follow the steps below and once done, please refresh your page.


For Chrome and Ad BlockPlus users

1.Press the ‘ABP’ icon in your toolbar at top right of this page

2. Click on ‘Enabled on this site’; this should now change to ‘Disabled on this site’


chrome



For Chrome and Ad Block users

1.Press the ‘AdBlock’ icon in your toolbar

2.Select the option ‘Don’t run on pages on this domain’ and then click ‘exclude’ on the pop up


chrome

Steps to disable Ad Blocker on your browser


In order to serve content on our website, we rely on advertising revenue which helps us to ensure that we continue to serve high quality unbiased journalism. From our end, we will aim to show clean and unobtrusive ads to provide you with a great browsing experience.

Request to please follow the steps below and once done, please refresh your page.


For Mozilla and AdBlock Plus (ABP) users

1.Press the ‘ABP’ icon in your toolbar

2.Select the option ‘Disable on hindustantimes.com’


chrome

Steps to disable Ad Blocker on your browser


In order to serve content on our website, we rely on advertising revenue which helps us to ensure that we continue to serve high quality unbiased journalism. From our end, we will aim to show clean and unobtrusive ads to provide you with a great browsing experience.

Request to please follow the steps below and once done, please refresh your page.


For Internet Explorer and AdBlock Plus users

1.Press the ‘AdBlock Plus’ icon in your status bar at the bottom of the screen

2.Select the option ‘Disable on hindustantimes.com’


chrome

Steps to disable Ad Blocker on your browser


In order to serve content on our website, we rely on advertising revenue which helps us to ensure that we continue to serve high quality unbiased journalism. From our end, we will aim to show clean and unobtrusive ads to provide you with a great browsing experience.

Request to please follow the steps below and once done, please refresh your page.


For Safari and AdBlock users

1.Press the ‘AdBlock’ icon in your toolbar

2.Select the option ‘Don't run pages on this domain’ and then click 'exclude'


chrome