The President of India, Pranab Mukherjee, inaugurated Monday a CII-IIEST Conference on the theme of “Enabling Make in India through Industry Academia Innovation Platform” in Kolkata, West Bengal.
Speaking on the occasion, the President said that India’s external sector has remained steady with current account deficit improving to 1.1 percent of GDP in 2015-16 from 1.3 percent in the previous year.
The challenges in global economic conditions notwithstanding, according to him, India has registered a growth rate of 7.3 percent in the calendar year 2015.[ आओ मिल कर करें एक नये और समृद्ध भारत का निर्माण ]
The industrial sector has posted a growth of 7.4 percent in the last financial year, with the manufacturing sector growth returning even better figures of 9.3 percent.
The President said that India has initiated the ‘Make in India’ program and it is the collaboration between industry and academia which will catalyze our national efforts to make this program a success.
He stated that given the above backdrop, it is imperative that planners in industry and academia chart out a roadmap towards creation of a knowledge society which shall, in turn, nurture and propel a powerful and dynamic economy.
The President said we must recognize that a strong economy can emerge only on the bedrock of a knowledge society which is possible only when we actively recognize and create synergies between industry and academia.
Photo courtesy: Press Information Bureau