India aims to create 100 million manufacturing sector jobs by 2022
India is looking to generate 100 million skilled jobs in manufacturing sector by the year of 2022, Commerce & Industry Minister Anand Sharma said.
Mr. Sharma also said that that the third-largest Asian economy wanted to increase manufacturing sector's share of Gross Domestic Product (GDP) from current 16 per cent to 25 per cent.
Speaking on the topic, he said, "India aims to raise manufacturing (sector's) share of GDP from 16 per cent to 25 per cent and create 100 million skilled jobs. This is a must do."
Mr. Sharma expressed these views while addressing a World Economic Forum (WEF) session in Davos on manufacturing on Thursday. The heartening comments came as the Indian economy is witnessing a fall in growth rate of manufacturing sector. The Asian country's exports slowed down to around 6 per cent in November last year.
The ambitious target of generating 100 million new jobs is part Congress-led UPA Government's National Manufacturing Policy (NMP), which aims to attract more foreign direct investments.
As per of the Indian Government's efforts to get more foreign direct investments, Mr. Sharma will also meet U. S. Trade Representative Michael Froman as well as WTO chief Roberto Azevedo on the sidelines of the ongoing WEF meet.