Infosys Non-executive Chairman K V Kamath on Friday said that India can achieve nine per cent growth by removing bottlenecks in the infrastructure sector.
On the sidelines of ‘Corporate Culture and Spirituality’ organised jointly by Federation of Karnataka Chambers of Commerce and Industry (FKCCI) and Art of Living Foundation, Kamath said, “The growth rate in India cannot come below six per cent in the near future and the government is doing some good things to improve the growth rate. Service, agriculture, manufacturing and other sectors are doing good. The the infrastructure sector is affected. By removing the bottle necks that have become hurdles for the growth of the infrastructure we can achieve nine percent growth.”
At the conference, Kamatha said that the world is growing at a dual pace. The growth rate of the developed countries is around one per cent and that of the developing nations is around six to seven per cent. The immediate challenge before everyone is to identify the Grey areas in business and to find a path that is free from Grey areas. The biggest problem that we face today is we are unable to define certain complex things in an universally acceptable manner and the inability of one generation of people to understand the other generation.
Art of Living founder Sri Sri Ravishankar asked the participating delegates to explore business opportunities in Tourism, Garments, Food, Jewellery, Ayurveda, Yoga, spirituality and IT industry as business opportunities in these sectors are not properly exploited in the country.
Bangalore South MP Ananth Kumar wanted the government to implement a scheme similar to Sakala, to ensure speedy clearances to the business houses for setting up their establishments. While saying that India can become the world leader in trade, European Parliament United Kingdom Representative Nirj Deva said, “In 1750 India controlled 38 per cent of the world trade and it can once again attain that glory if it strives positively towards achieving it.”
Minister of State for MSME K H Muniyappa and around 700 delegates from over 90 countries participated in the event.