Monday, December 10, 2007

Speech

Speech prepared for Mr. N Kumar, Vice-Chairman, Sanmar Group

Prof P Satyanarayanan, Vice- Chairman, SRM University

Mr. Pachamuthu, Chairman, SRM University

Mr Kathirvelu , Deputy Director, Employment and Training, Government of Tamil Nadu.

Respected Dignitaries, participants, media friends and Ladies and gentlemen

It a great moment for me to do the welcome address and the theme note for the Inaugural session of 20th CII Regional World Skills Competition. Skill Development is a topic dearer to my heart and I feel Skill Development as an imperative factor to maintain the competitiveness of the Indian Economy.

Realizing the importance of Skills in ensuring a sustainable and equitable growth, CII is working with the Central and the state governments on Skill Development to help release the latent entrepreneurial energies of the people in this country

Sustainability of India's growth story would critically depend on how the country addressed the shortages of skills and the need for skill enhancement and challenges in Skill Development were bigger and needed faster execution as the country was growing at a rapid pace. India needs to re-engineer its educational institutions and strengthen their infrastructure for effective Skill Development. Mapping of skill gaps, identifying training needs and investing wisely in Skills is an agenda for action for all the key stakeholders closely involved with the Skill Development initiative in the country. Developing the skills of the youth in the country also ensures the participation of people in the economic growth which will ultimately lead to inclusiveness in the growth.

This year the competition is being organized by the Confederation of Indian Industry (CII) in partnership with the Directorate General of Employment & Training, Ministry of Labour, Government of India. This year CII is organizing the competition with the objective to promote skill development programmes in the Industry and to Benchmark and scale up Indian Skills at the Global Level. The regional level competition will give an opportunity for the companies to compete at the regional level and also an opportunity to take part in the world skills competition in Canada in 2009. CII has been actively facilitating the skill development imitative in the country and this year CII took the lead in enrolling the country as a member of the World Skills International, the organizers of the world Skills competition. CII also took a delegation comprising of the Government officials and senior Industry leaders to Japan for this year’s World Skills competition. In Japan Indian companies participated in some of the trades and were able to showcase the Indian Skills to a Global Audience. In Japan India was able to develop strategic partnerships with selected corporate, government and non-government organisations to further understand and learn about the Global benchmarks in Skill Development. Over the coming years ,I feel India will be dominating the World Skills competition and will be able to standardise and benchmark Indian skills at these competitions.

CII has been actively working with the central and the state Government in rolling out long term Skill Development strategies. CII took upon itself the task of "Making India the Skills Capital of the World". CII conceived and launched the Skills Development Initiative in 2004, to become a catalyst in creating a skills movement in the country. The objective is to generate social inclusiveness and provide the socially and economically vulnerable population a chance to be part of the mainstream economy. Skills Development Initiative aims at harnessing India's 'Demographic Dividend' to make the people employable for employment/self employment in India or abroad. For tangible benefits, the training provided is necessarily benchmarked on international standards. CII views skills as a 'global currency'. CII has registered a Skills Development Trust with a Skills Development Fund and created an over arching CII Skills and Knowledge Mission to guide the functioning of the Skills Development Initiative.

I also take this opportunity to thank the host SRM University especially its Chairman, Mr. Pachumauthu and Prof P Satyanaryanan , the Vice chancellor for their proactiveness in partnering with CII in organizing the event. The staff and the Management of this amazing University were very forthcoming when CII first discussed about having the regional competition at SRM University. I should appreciate the leadership of the management for providing world Class infrastructure and serene and a peaceful environment which is a prerequisite for innovation, learning and knowledge transmission.

We have an eminent panel of judges to evaluate the candidates over a panel of 4 days and this competition I believe will help in showcasing the strength of the Indian Industry scaling new global benchmarks. I also take this opportunity to wish the competition a grand success and the participants the very best.

Thank you


Wednesday, December 5, 2007

EU-India Trade and Investment Development Programme

EU-India Trade and Investment Development programme was conceived in 2003 with the objective of fostering trade and investment between the European Union and India. The programme was started in India in 2006 and will be concluded by 2007 December 31st. Under the programme, Investment Facilitation Desks (IFD’s) have been established in Delhi, Mumbai, Kolkata and Chennai to serve as a one point contact for European business desiring to enter India and PricewaterhouseCoopers has been appointed as the consultant by the European Commission for the establishment of the IFD’s

The focus of the entire programme is to improve the economic environment in India and also to facilitate more trade and investment between the two regions. The programme have also a pivotal role in creating better employment opportunities and thereby addressing the core issue of poverty in India. The booming India’s economic Environment have thrown open the door of opportunities to the members of the European Union. With the India Global trade reaching a staggering US$ 305 billion in 2006, the share of the European Union members is abysmally low at US $ 47 billion. Among the European Union members the FDI Investments into India is concentrated among UK, France, Germany, Holland and Denmark. The programme also includes facilitating better FDI flows from the other members of the European Union apart from the members mentioned above.

The meeting in Bangalore was attended by the representatives of the European countries Trade offices, representatives of the Industry and trade consultants

Some of the issues of concern raised by the participants during the meeting are as follows

The investment climate is clouded with issues like infrastructure bottlenecks effecting the flow of investments into India

The STPI Concept has attracted many of the European firms to invest in India mainly in the Software sector.

There is no clarity on Special Economic Zones (SEZ’s )

Acquisition of land for industrial activities have become little problematic in certain states in India which can effect the flow of investment

The caps on FDI in India in certain high performing sectors like telecommunication, aviation etc can effect long term investments.

The desk has to facilitate more of investment into SME sector in India which has the potential to be the center of the investment spectrum.

Renewable Energy and carbon trading has been identified as one of the core sector which can drive the economic cooperation between India and the European Union

The Single Window clearance which facilitates investment is also clouded with delays.

The Education infrastructure in India has to be improved.

One of the statistics in the event showed that compared to 600 Danish companies operating in China only 70 companies are operating in India.

Skill shortages are seen in some sector which can derail the competitiveness.

The sectors identified for strengthening the Economic and Trade relations between India and European Union are
Textiles
Auto components
Pharmaceuticals
Biotechnology
It/ITES
Agriculture
Food Processing
Renewable Energy
Waste water Management