Minister Raises a Toast to TN’s Gen ‘X’ Entrepreneurs

Chennai will remain hub for tapping skills of youth, says Urban Development Minister

Published: 07th September 2014 06:26 AM  |   Last Updated: 07th September 2014 09:16 AM   |  A+A-


CHENNAI: Chennai  will remain an important hub for tapping youngsters’ skills for the purpose of nation development, said M Venkaiah Naidu, Union Urban Development Minister.

Speaking at the 87th anniversary of Andhra Chamber of Commerce on Saturday, Venkaiah Naidu said that the new generation in the city is hardworking and goal oriented and they need encouragement to contribute to the development of the nation.

Turning to the state of the economy, the minister said the country faces many challenges including the current fiscal deficit. Public-private partnerships should be encouraged, the government alone cannot meet these challenges alone.

On a positive note, he said that the GDP growth which was 4.6 per cent has increased to 5.7 per cent with the new government. He also mentioned that the PM started the Pradhan Mandri Jan Dhan Yojana scheme to increase the nation’s wealth.

 It is remarkable that 2.3 crore people have opened bank accounts under the scheme within 10-15 days of its launch, he said.

India is facing a challenge in that 20-40 per cent of the people in India are living below the poverty line, 40 per cent are illiterate, and 80 per cent of the rural population do not have sanitary facilities. These should be rectified for uniform growth, he added.

He also handed over Business Excellence Award to six persons, including Prathap C Reddy, Founder and Chairman of Apollo Hospitals Group.

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