Kalam for national policy to create global talent pool
May 14, 2007 - 6:01:11 PM
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'The banking system should provide venture capital right from every village level to the prospective entrepreneurs for undertaking new enterprises. We need a large number of venture capital institutions that can take risk and promote entrepreneurs,' he added.
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By IANS,
[RxPG] New Delhi, May 14 - Highlighting the demand-supply gap of skilled manpower in the country, President A.P.J. Abdul Kalam Monday underlined the need for a national policy to create a global human development cadre.
'...A National Policy for creating a Global Human Development Cadre for India can be evolved through a national team drawing experts from multiple ministries, including education system, and various professional associations and societies,' Kalam said at a summit on education organised by the industry lobby Confederation of Indian Industry -.
'Evolution of such a policy in a time bound manner will generate quality, knowledge and skills needed by all sectors of Indian economy and globally employable human resources. The aim of the education system should be to create employment generators rather than employment seekers apart from building research capability,' he said.
The president said there was a large gap in the availability of employable skills. For example, as per the NASSCOM and McKinsey Report 2005, it is estimated that the 'IT, ITES and BPO sector alone will need 9 million direct jobs and 6 million indirect jobs in construction, retail and transportation by 2010, whereas we do not have such a capacity in the country to generate this number which will be acceptable to the three sectors of economy'.
Spelling out the methods to bridge the gap, he said the educational system should highlight the importance of entrepreneurship and prepare the students to get oriented towards setting up of enterprises which will 'provide them creativity, freedom and ability to generate wealth'.
'The banking system should provide venture capital right from every village level to the prospective entrepreneurs for undertaking new enterprises. We need a large number of venture capital institutions that can take risk and promote entrepreneurs,' he added.
The president also asked industry leaders and academicians to 'study the role of education in improving the competitiveness index rating of India within ten ranks from 43'.
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