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India’s Large Talent Pool Gives It Natural Advantages In Services – President

Mumbai:15/5/18:The President of India, Shri Ram Nath Kovind, inaugurated the 4th Global Exhibition on Services in Mumbai today. Speaking on the occasion, the President welcomed around 500 international delegates who are participating in this Global Exhibition from about 100 countries. He commended the Ministry of Commerce and Industry of the Government of India, Government of Maharashtra and other stakeholders for this initiative. He expressed confidence that it would promote the Indian services domain and enlarge and deepen India’s engagement with the global services sector. He stated that the launch of 12 Champion Sectors is a bold new step that will contribute to both India’s economy as well as the global economy and will create jobs.

The President said that the services sector represents a vibrant and expanding component of the global economy. Today, services dominate in terms of employment, value addition, productivity and innovation. The pace of technology is intensifying the contribution of services in other sectors – including agriculture, infrastructure and manufacturing. It would not be an exaggeration to say that services form the backbone of the 21st Century global economy.

The President said that in India, the services sector contributes 61 per cent in gross value added. With its young population, large talent pool and comfort with technology, India has natural advantages in the sector and is set to become even more of a provider of services to the world.

The President said that the early Industrial Age and the traditional manufacturing economy created jobs in factories and encouraged entrepreneurship in the form of ancillary units and workshops. Today, we are looking at small but exciting start-ups in the services space. Technology has emerged as an enormous enabler and allowed local services companies to go national or even global. In India, which is the third largest centre of Start-ups in the world, this has thrown up a generation of young entrepreneurs, of men and women with hunger and ambition.

The President noted that Government programmes such as Start-up India and the Mudra Yojana, which has provided capital to 120 million grassroots businesses, have seeded a culture of entrepreneurship, largely in services. He expressed confidence that some of these Start-ups will grow into giants in the years and decades to come.

President released India Services book and launched a portal on the occasion.

About Editor in chief

Ashok Palit has completed his graduation from Upendranath College Soro, Balasore and post graduation from Utkal University in Odia Language and literture.. He has also carved out a niche for himself as a scribe of eminence after joining the profession in 1988. He is also an independent media production professional. He brings loads of experience to Advanced Media, Ashok Palit as a cineaste has been active in film criticism for over three decades. As a film society activist, he soared to eminence for his profound commitment to the art film appreciation and aesthetics of cinema. His mode of discourse is often erudite but always lucid and comprehensible marked by a perfect acumen so rare in the field. A film aesthete with an immense fond of critical sensibilities, he wrote about growth and development of odia cinema in New Indian Express, The Times of India, The Hindustan Times, The Asian Age and Screen. He has been working as an Editor for Cine Samaya from 2002-2004.. He had made solid contribution on cinema in many odia Dailies and weekly such as Samaj, Prajatantra, Dharatri, Samaya, Satabadi, and weekly Samaya.

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