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‘Assist in inclusive growth’

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For development: Union Minister of State for Commerce and Industry Jyotiraditya Scindia at the FICCI Ladies Organisation conference on Tuesday.
For development: Union Minister of State for Commerce and Industry Jyotiraditya Scindia at the FICCI Ladies Organisation conference on Tuesday.

Special Correspondent

Jyotiraditya Scindia cites NREGS, loan waiver for farmers

HYDERABAD: Union Minister of State for Commerce and Industry Jyotiraditya Scindia has urged the industry and society to supplement government’s efforts in transforming the lives of rural people and bring about inclusive growth.

Delivering a talk on ‘Leadership and Entrepreneurship’ and interacting with members of FICCI Ladies Organisation here on Tuesday, he said the UPA government had revolutionised the concept of inclusive growth in the last five years. “It is important for the society also to participate in that process.”

Mr. Scindia cited the National Rural Employment Guarantee Scheme and loan waiver for farmers as some of the important measures taken by the government to achieve inclusive growth. He said transition from agriculture to manufacturing and services would come when industries are taken to rural areas He told the entrepreneurs to be visionaries (to be able to change the status quo), dedicated, optimistic and build a team. He also advised them to be caring when others were in difficult situations.

Replying to a question on SEZs, he said the Central government had put in place the policy, delineated its architecture and provided incentives for exporters. Execution of the model depended on the entrepreneur and in some cases on the State government. Products worth Rs.1,00,000 crore were being exported from the SEZs. “I don’t think government should be involved in purchasing land and handing over to corporates,” he added.

Shantha Biotechnics Managing Director, K.I. Varaprasad Reddy, who spoke on ‘social entrepreneurism’ said that he started the company with a social cause of supplying low cost vaccines. He regretted that though the cost of Hepatitis B vaccine had come down from Rs.780 in 1997 to Rs.23 now, it was yet to be included in the National Immunisation programme.


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