“The list…includes business areas with potential for drawing global attention and investment, as well as boosting growth and employment. It also aims to optimise India’s skills and knowledge resources,” Kovind said while inaugurating the Global Exhibition on Services here.
President Ram Nath Kovind said today that the 12 ‘champion’ services sectors including IT and tourism identified by the government hold a huge potential to attract global investors, promote India’s economic growth and generate jobs. In February, the central government had set up a Rs 5,000 crore dedicated fund to promote 12 ‘champion’ services sectors.
“The list…includes business areas with potential for drawing global attention and investment, as well as boosting growth and employment. It also aims to optimise India’s skills and knowledge resources,” Kovind said while inaugurating the Global Exhibition on Services here.
It is being organised by the Department of Commerce along with industry chamber CII.
The President said that services sector contributes 61 percent in gross value added and with young population and large talent pool, India has natural advantages in these sectors.
President Ram Nath Kovind said today that the 12 ‘champion’ services sectors including IT and tourism identified by the government hold a huge potential to attract global investors, promote India’s economic growth and generate jobs. In February, the central government had set up a Rs 5,000 crore dedicated fund to promote 12 ‘champion’ services sectors.
“The list…includes business areas with potential for drawing global attention and investment, as well as boosting growth and employment. It also aims to optimise India’s skills and knowledge resources,” Kovind said while inaugurating the Global Exhibition on Services here.
It is being organised by the Department of Commerce along with industry chamber CII.
The President said that services sector contributes 61 percent in gross value added and with young population and large talent pool, India has natural advantages in these sectors.
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