Union Information and Technology and Communications Minister Dayanidhi Maran remarked that while India has made its mark in the IT and BPO space on a global scale, it was now the turn of the manufacturing sector to prove its strengths to the ...
Union Information and Technology and Communications Minister Dayanidhi Maran remarked that while India has made its mark in the IT and BPO space on a global scale, it was now the turn of the manufacturing sector to prove its strengths to the international audience.
As reported on Feb. 3 on WebIndia123.com, Maran, speaking during his inaugural address at the annual Madras Management Association, said that a substantial manufacturing base is essential to 'absorb the workforce for ensuring sustainable economic growth".
WebIndia123.com reports that the share of manufacturing in India's national income had shown only a marginal improvement from 15.8% in 1991 to 17% in 2003. "The figure should be somewhere in the range of 25%-35%. This requires the manufacturing sector to clock 12%-14% growth during the next decade, said Maran.
