Commerce and Industry Minister Anand Sharma today said that India is looking to create around 100 million skilled jobs in the manufacturing sector by increasing its share of GDP to 25 per cent from 16 per cent.
Sharma is currently in Davos to attend the annual meet of World Economic Forum (WEF). During his stay in Davos, the minister would meet top executives of large companies from across the world.
"India aims to raise manufacturing (sector's) share of GDP from 16 per cent to 25 per cent and create 100 million skilled jobs. This is a must do," Sharma said while addressing a WEF session on manufacturing.
The minister remarked that Indian manufacturing sector should be expanded to boost exports and ensure sustainability. He said that the government?s target is to create 100 million jobs by 2022.
The manufacturing sector growth rate's decline has affected the country's economy that went down to about 6 per cent in November last. Sharma is scheduled to meet around 80 business leaders from India and abroad at an investment round-table today.
On Wednesday, the minister met top executives of global firms, including Diageo, Heineken and Shell. During his interaction, the minister tried to sell the India growth story.
Sharma met Diageo's CEO Ivan Menezes and executives from private equity player Carlyle, among others. The meetings were held at 'India Adda', set up every year here by India Brand Equity Foundation (IBEF). Sharma is also expected to meet US Trade Representative Michael Froman and WTO chief Roberto Azevedo on the sidelines of the WEF meet.