STOCK MARKET BSE NSE

Startups can fill gaps in economy: Former Union minister Suresh Prabhu

For Make in India to be successful, there is a need to make design and intellectual property in India, Prabhu said during the Future Karnataka Summit 2020.

Published: 17th August 2020 03:09 AM  |   Last Updated: 17th August 2020 06:13 AM   |  A+A-

Suresh Prabhu

Former Union Minister Suresh Prabhu (File | PTI)

By Express News Service

BENGALURU:  India’s growth story is in the private sector and startups should be encouraged as they have the ideas to fill in the gaps of what industries, the service sector, and governments want. They can help reduce small imports, former Union minister Suresh Prabhu said on Saturday.

For Make in India to be successful, there is a need to make design and intellectual property in India, Prabhu said during the Future Karnataka Summit 2020, which saw participation from 25 leaders. It was organised by Sphere Travelmedia and Exhibitions.

For Atmanirbhar Bharat, state governments should focus on improving district infrastructure and set up industries in small districts. India is no more just a steel, cement and nuclear energy manufacturer, but has moved into small sectors in which tier 2 and 3 cities play a crucial role, he said.

Biocon chairperson Kiran Mazumdar-Shaw said India has a shortage of data entry operators who are required to make the National Digital Health Mission a reality.

The digital health mission would require data entry operators to create health cards for patients from all hospitals and clinics and digitise them, she said.

She also said Karnataka should focus on setting up a vaccine manufacturing unit, which it does not have and that the pharma sector should now focus on developing skills and the next generation of vaccines.

Kris Gopalakrishnan, executive vice-chairperson of Infosys said that to achieve the Prime Minister’s Atmanirbhar Bharat mission, there is a need to understand what consumers want and dominate the market like India did with the manufacture of two-wheelers.

India should focus on biotech, pharma, vaccines, floriculture, medical equipment sectors, which have high export demand, he said.



Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

IPL_2020
flipboard facebook twitter whatsapp