His comments came at the Indian Foundation for Quality Management (IFQM) Symposium in Delhi, where he also said that there is a need for India to create a process for quality in product manufacturing, quality of people, the ecosystem and the processes.
“One million people enter the workforce every month… We need to create 100 million jobs,” he said, adding that India will be the human resource capital of the world with a large number of youth.
N Chandrasekaran believes that the opportunity before India is huge and ‘Viksit Bharat’ is not about good economic growth but also about achieving social equality, health of citizens and quality of life for all citizens .
“We need to prepare ourselves as the country of quality and services that are a global benchmark.”
He also said that to achieve economic growth, the economy needs to achieve employment growth.
The Tata Sons chairman added that the IFQM body was created to promote and defend the cause of manufacturing and services.
He also stated that this is India’s time for several reasons. India has momentum, it is raising per capita levels, products and services needed for consumption and that will continue to grow. “We will be a major player in the world’s manufacturing requirements.”
Also present at the event was the Minister of Electronics and Information Technology, Ashwini Vaishnaw, who highlighted that inclusive growth is a great pillar and that the number of IITs, AIIMS and universities has doubled in the last 10 years.
He also believes that investment in social, digital and physical infrastructure will be important. “We have seen platforms like UPI emerge. Infrastructure in India is transforming day by day, quarter by quarter. But there is less understanding around the development of social infrastructure.”
Vaishnaw also emphasized the need to build the base for manufacturing because the world needs it and India needs it to generate employment. “India has gone from being a negligible player to being a major exporter of mobile phones, telecom equipment, etc.,” he noted.
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