New Delhi, Feb 12 : Minister of State for Industry Dr. Ashwani Kumar today said that technology and innovation have been identified as the two major focus areas for knowledge management.

Addressing at the International Conference on “Technology and Innovation for Knowledge Management” here, Dr. Kumar said: “These two factors supplement and complement each other and provide complete solutions to many problems encountered by the knowledge managers.”

“In the 21st century, the paradigms of the global economies are changing, as increasingly the creation of wealth is dependent on ‘knowledge assets’ as compared to the ‘material assets’ of the previous years,” he added.

He also said that India is fortunately blessed with both natural material wealth and knowledge assets in its people.

“In order to face global competition and simultaneously evolve to reach our targets of becoming a developed country by 2020, it would be essential to harness our assets to attain maximum productivity levels”, he said.

Dr. Kumar commended the initiatives of National Productivity Council (NPC) and Asian Productivity Organisation (APO) in making efforts to bring together various stakeholders of the Asian countries, to discuss the global practices in knowledge management with resource speakers and experts from both the West and East of the World.

He further said that the Government has constituted the “Knowledge Commission” to identify priority areas of action to promote knowledge based wealth creation and the commission has already provided many action plans for development and implementation.

The NPC has organised the conference. (ANI)