'Manufacturing sector will create more jobs'

'Manufacturing sector will create more jobs'

In an effort to bring in more investments for job creation in the country, policy makers should give due importance to the manufacturing and services sectors, opined Prof Sadagopan, founder director of the International Institute of Information Technology (IIIT) on Wednesday.

“Manufacturing is an area that holds promise. The IT industry has created around 5.41 lakh jobs in Karnataka but there is lack of flexibility in ensuring job opportunities in the rural areas. We constitute 7.8 per cent of the GDP and growth in the manufacturing industry can provide 10 times more job opportunities in urban and rural areas. There can be equitable distribution of jobs all over the country and we need to start creating jobs. We have been coders, let’s be the makers to the world,” Sadagoppan added.

Sharing his views on the manufacturing industry,  IMS Organising Committee Chairman Yajnanarayana Kammaje, said, “The manufacturing industry overall is looking good with the new government taking over charge and several policy measures underway.

 Seventeen per cent of the GDP today is gained through the manufacturing industry. We can expect an increase of 23 per cent in GDP in the next four years with the growth of the manufacturing industry. We need to bridge the gap between small, medium and large industries, and IMS is a platform to ensure there is wide scope for more industry collaborations.”

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