IT companies utilising SEZs well
IT companies are making maximum utilisation of Special Economic Zones (SEZ) but were unable to employ local people, a top official of the National Manufacturing Competitiveness Council said here today.
By PTI |
CHENNAI: IT companies are making maximum utilisation of Special Economic Zones (SEZ) but were unable to employ local people, a top official of the National Manufacturing Competitiveness Council said here today.
As much as 60 per cent of lands allotted for SEZs were being utilised by IT companies, the council's chairman V Krishnamurthy, he said delivering a lecture on `Inclusive Growth of the Indian Economy' on the 54th Anniversary of the Triplicane Cultural Academy here.
"One of the aims of setting up SEZ in an area is to provide employment opportunities for local people, which is hardly done by the IT companies," he said.
Only manufacturing companies could do that, he added and called for increased investment in manufacturing.
Ruing a lack of comprehensive investment in some of the `key industries' like leather and textiles, Krishnamurthy called for FDI in the textile sector.
Further, stating that there was a `mismatch of available resources and the demand for skilled labour,' Krishnamurthy blamed the lack of enough ITIs in the country.
The Council had suggested the Human Resources Development ministry to set up more training institutes.
India required as many as 25 lakh skilled labourers a year, but only around 8 lakh were available, he said.
Further, the country's ambition of reaching 14 per cent growth rate was achievable, he said.
"However, it has to be sustained through the next decade," he added.
As much as 60 per cent of lands allotted for SEZs were being utilised by IT companies, the council's chairman V Krishnamurthy, he said delivering a lecture on `Inclusive Growth of the Indian Economy' on the 54th Anniversary of the Triplicane Cultural Academy here.
"One of the aims of setting up SEZ in an area is to provide employment opportunities for local people, which is hardly done by the IT companies," he said.
Only manufacturing companies could do that, he added and called for increased investment in manufacturing.
Ruing a lack of comprehensive investment in some of the `key industries' like leather and textiles, Krishnamurthy called for FDI in the textile sector.
Further, stating that there was a `mismatch of available resources and the demand for skilled labour,' Krishnamurthy blamed the lack of enough ITIs in the country.
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The Council had suggested the Human Resources Development ministry to set up more training institutes.
India required as many as 25 lakh skilled labourers a year, but only around 8 lakh were available, he said.
Further, the country's ambition of reaching 14 per cent growth rate was achievable, he said.
"However, it has to be sustained through the next decade," he added.
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