Chennai, Apr 25 . India is a young Nation and there is need to fully realize the potential of our demographic dividend, Vice President M Venkaiah said on Monday.
Speaking after presenting Export Excellence Awards for the Special Economic Zone (SEZ) Units and Export Oriented Units here, he said there has to be a special drive to provide employment to our youth and equip them with necessary skills. “Unless this is done, our demographic advantage might turn into a disadvantage”, he said. Tamil Nadu has a highly developed industrial manufacturing eco-system.
It has evolved into the largest hub for the production of automobiles, auto-components, textiles, leather products, light-heavy engineering, pumps and motors, electronic software and hardware. The Vice-President said there was a record achievement of USD 418 billion of merchandise exports in the just-concluded 2021-22 financial year. Services exports were about USD 250 billion. “This trend should continue and I am sure that exports will increase in the coming months”, he added. He also said “We need to explore newer markets to increase our exports and keep our economy flying high.
Ministry of Commerce and Industry is taking all steps to further increase exports through business and industry-friendly policies, ease of doing business and focusing on #LocalForGlobal”.