04-JAN-2016: The Department of Commerce, Aligarh Muslim University today organized a two 'International Conference on Make in India, Campaign for Inclusive Growth, Initiatives and Challenges' at the University Polytechnic auditorium.
Delivering the keynote address at the inaugural function of the conference, Dr Shalendra Kumar, Additional Director General, Prasar Bharati, Ministry of Information and Broadcasting said that the 'Make in India' initiative is to encourage multinational, as well as domestic, companies to manufacture their products in India so that India would emerge as the top destination globally for foreign direct investment, surpassing other economic powers.
Adding that the 'Make in India' campaign is targeted to create one million jobs per month, Dr Kumar said that the focus of the campaign is also on skill enhancement in twenty-five different sectors of the economy.
"The initiative aims at high quality standards and minimizing the impact on the environment," said Dr Kumar adding that the initiative hopes to attract capital and technological investment in India.
While pointing out the problems and challenges in 'Make In India' campaign, Dr Kumar said that creating healthy business environment will be possible, when the administrative machinery is efficient. He added that a business friendly environment will be created if India can signal easier approval of projects and set up hastle-free clearance mechanism.
He further pointed out that small and medium-sized industries can play a big role in making the country take the next big leap in manufacturing and India should be more focused towards novelty and innovation for these sectors.
Dr Kumar said that it is a good signal that India has improved its position from last year's 135 to 130 in the World Bank in its ease of doing business list. He added that it is also a good sign that India is improving in addressing corruption and there are also success stories in FDI's and establishment of smart cities.
"Foxconn had announced that it would invest US $5 billion over five years to set up R&D and hi-tech semiconductor manufacturing facility to be set up in Maharashtra and General Motors announcement that it would invest US $1 billion to begin manufacturing automobiles in the state are also good signs," he said.
"India is rated as one of the best countries to do business in the Forbes list is a very positive indication," said Dr Kumar.
The Chief Guest of the inaugural function, Dr Harun Rashid Khan, Deputy Governor, Reserve Bank of India pointed out that since there is a dip in power sector investment; corporate and banking sectors are stressed.
He said that the manufacturing sector cannot alone provide employment and jobless growth is a big worry.
He added that the Aligarh city is famous for AMU and the lock industry and it is imperative that lock industry is upgraded and made more efficient.
Dr Khan said that since there is always an India-China comparison, India should constantly keep up its strength in the manufacturing sector. He added that there is a need to effectively work on simplifying, liberalising and rationalising the procedures and the Reserve Bank in consultation with the Government is doing a good job on it.
He also pointed out that for an effective 'Make in India' campaign, the land issues need to be sorted and the laws should be less complicated for doing business.
Dr Khan further said that liquidity is the need of the hour as India needs to expand investments. "Banking sector should be able to provide adequate funds and the financing of industries should be easier," he added.
He also said that learning process should improve with original research works in academic institutions and quality industry leadership is needed for effective running of businesses.
While delivering the presidential address, Aligarh Muslim University Vice Chancellor, Lt General Zameer Uddin Shah (retd) said that Indian goods should be made brand names.
He added that corrective action is needed to encourage innovation and it is hoped that AMU will play a big role in success of 'Make in India' initiative.
The Vice Chancellor pointed out that our country needs raw materials, supply of power and brains to make the campaign successful and there is a lot of potential through out the country.
Earlier, delivering the welcome address, Prof M Mohsin Khan, Organizing Secretary of the Conference said that the idea of 'Make in India' needs to be well understood by masses and a national integration is required to make it successful.
Prof Mohsin said this conference aims at gathering ideas and implementation strategy for making 'Make in India' a successful mission amongst all in general and the Muslim community in particular.
Meanwhile, introducing the dignitaries with AMU's Department of Commerce, Prof Imran Saleem said that as a premier department of the university, Department of Commerce has made valuable contribution to the development of Commerce and Management education in the country as the Alumni of the Department are holding important Managerial and Financial positions in prestigious organizations both in Public and Private Sectors, Banks and Multinationals.
Guest of Honour, Dr Anna Rosengren, Director GNH, Sweden and Prof Javed Alam Khan, Chairman, Department of Commerce also attended the programme.
Dr Mohd Shamim delivered the vote of thanks while research scholar Mr Md Nayyer Rahman conducted the programme.
Related PicturesAMU VC Lt. Gen. Zameer Uddin Shah and others releasing the souvenir of the International Conference on Make in India campaign