India needs a second generation Green Revolution with the help of modern technology and marketing to uplift 70 per cent of its population that lives in villages, External Affairs Minister Pranab Mukherjee on Wednesday.
He was speaking at the 86th annual session of the Associated Chambers of Commerce and Industry (Assocham), the theme for which was 'Towards 10 per cent growth'.
"Agriculture has to be transformed from subsistence model to a sustainable business model with value addition from food processing, supply chain, cold storage and marketing," Mukherjee said. Appreciating corporate efforts to focus on business in rural areas in an effort to boost inclusive growth, he said, "The bottom of the pyramid is seen by the corporates as a new business opportunity."
He added that the ministry of external affairs is actively engaged in economic diplomacy to promote India’s economic and commercial interests abroad, and cited efforts like Focus-Africa, Focus-Latin American countries and Focus-Asean. He invited Indian business leaders to work with the government to achieve their common economic goals.
Industrialist Venugopal Nandlal Dhoot, chairman and managing director, Videocon Group took over as the new president of the Associated Chambers of Commerce and Industry of India (ASSOCHAM) for 2007-08 following the conclusion of the meeting.