Union Finance and Corporate Affairs Minister Nirmala Sitharaman said on Saturday: India There is a need to understand what the industry needs and the educational institutions need to prepare the students capable of getting into the industry to meet the development goals of the country. Sitharaman said at an event here that India’s higher education is no less compared to global universities and Indian universities are the second largest group in terms of management of the best companies in the world.
Referring to the representation of Saint-Gobain India on the board of the Indian Institute of Information Technology, Design and Manufacturing, Kancheepuram, he said that if the industry has come on the board of research institutes, they would know the industry especially the future ones. especially in those sunrise areas so that India becomes the land for manufacturing some of the important things for which we are completely dependent on other countries today and when there is a disruption in the supply chain our manufacturing suffers. it happens. “Now we need to make sure that we understand what the industry needs and be able to build for ourselves and for the world and that is why industry leaders are sitting on the boards of such amazing educational institutions, which provide talent. Attracting, those who bring in the best of skills and abilities and who have rigorous learning experiences, is very important,” he said at the 10th convocation of the Indian Institute of Information Technology, Design and Manufacturing here.
“We need to prepare students who are capable of being in the industry and getting into the industry that serves the development goals of India. I think this synergy has now been achieved by most of the institutions because the government talks to them and they give inputs to the government and as a result you (students) are able to get institutions which are absolutely vital,” she said . Referring to the figures of the United Nations Population Data for 2019, he said that it is projected that India’s working age population will overtake China in 2028 and by 2036 the working age population will be 65 per cent of the total population of the country. “Productivity, contribution to GDP (of the country) are all going to be very high (with 65 per cent of the working population). And this will happen only if equal opportunities are given to the working population, irrespective of gender, social class or whatever,” she cautioned.
Sitharaman also dismissed comments that India is yet to reform its education system, and said some people still say it needs to do more on its education system. “I just want to underline the fact that the higher education system has contributed the best of executives anywhere else. Globally, 58 CEOs of top-notch companies are of Indian origin and 11 of them are large corporations worth ₹1 trillion. Collect revenue of more than USD 4 trillion and do business of USD 4 trillion…” he said.
“If 58 Indian-origin people went on to lead these companies of such a corporate size, they could have received no less education than anyone else. In fact they have had better education than our higher educational institutions.” He pointed to the S&P Global Rating Agency report that only one CEO was followed by more Indian CEOs who are from the United States. “Americans may be first. I repeat that our higher education system is no less…”
On the total number of patents filed by Indians, the Finance Minister said it increased to 66,400 by 2021-22 as compared to 42,000 in 2014-15. “In 2014-15 42,000 patents were filed which has now become 66,400 in 7-8 years. I am sure some of your patents are also waiting to get your patent rights,” she said while addressing the fresh graduates. Sitharaman said that the national education The policy launched by the Center was placing a lot of emphasis on higher education and even in the Union Budget presented by them this year, the government has introduced 750 virtual labs in science and maths, mock learning on the occasion of 75th anniversary. Announced 75 skilling e-labs for the environment. of India’s independence.
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