Governor calls for more investments in human resource

CHENNAI SEPT. 26. The country is poised to become a global leader in terms of being a source of intellectual power in the next 15 years, the Governor, P.S. Ramamohan Rao, said calling for more investments in development of human resources and manufacturing skills.

Addressing a two-day second management students' convention of the Madras Management Association, which began here today, he said the country's chances of becoming a brain hub were driven by statistics which estimate 65 per cent of its population to be aged below 40 years by 2020. By the same timeframe, the average age in developed countries would be around 65.

Towards harnessing this potential, investments should be aimed at not only development of human resources and manufacturing skills, but also towards research and development as innovation was bound to drive the world economy in future. From a managerial perspective, it would call for leaders who play the role of facilitators by recognising, promotion and acknowledging ideas of those with whom they work, Mr. Rao said, in his keynote on the theme of the convention - India Inc as a global leader.

The Chairman of the convention's core committee and Director of the Academy for Management Excellence, S. Ramachander, said instead of focussing on exports alone, every nation should focus on promoting two-way investment flow for development.

The MMA president and Advisor, Rane Group, M.S. Kumar, said speakers from industry would address the convention on wide ranging issues pertaining to competitiveness, including human resources and marketing.

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