Service sector driving the economy, says Pranab

  • HT Correspondent, Hindustan Times, Greater Noida
  • Updated: Apr 21, 2016 01:23 IST
President Pranab Mukherjee at the inauguration of the second edition of the Global Exhibition on Services -2016 at the India Expo Centre & Mart in Greater Noida. (HT Photo)

Highlighting the role of the service sector in boosting the economy, President Pranab Mukherjee on Wednesday said the sector has emerged as the “agent of change” in the country.

“This sector drives the Indian economy in an inclusive and equitable manner. It is the ‘sector of the current millennium’ in terms of generating employment, skill development, bringing in FDI, enhancing trade and boosting strategic partnerships,” the President said while inaugurating the second edition of the Global Exhibition on Services -2016 at the India Expo Centre & Mart in Greater Noida.

“The government -- through its ‘Make in India’, ‘Digital India’, ‘Start up India’ and ‘Skilling India’ initiatives -- is bringing about business process re-engineering to promote ease of doing business. It is now incumbent upon the business leaders to seize the opportunity. The synergy between government and industry can make India achieve significant socio-economic transformation,” he said.

The exhibition showcases the country’s potential in the service sector and will be on till April 23. The services sector encapsulates many areas such as IT, telecommunication, finance, logistics, professional services, entertainment, education, tourism and hospitality, retail and healthcare.

Dr Mahesh Sharma, minister of state for culture and tourism, said, “Our travel and tourism service sector has a global share of less than 1%. Our weaknesses lie in cleanliness and hospitality. Efforts have been made to increase the tourist inflow and foreign exchange earning. We have tried to remove the communication problem by launching a multilingual helpline.” The minister said the visa on arrival facility has been started for 150 countries.

Union Communication and Information Technology Minister Ravi Shankar Prasad, Minister of State for Commerce and Industry Nirmala Sitharaman and Confederation of Indian Industry (CII) president Naushad Forbes were among those present on the occasion.

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