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Defence to be an important engine of growth

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BENGALURU: “Unless our economic growth can be converted into the means of elimination of poverty, it will not be sustainable,” said M.J Akbar, Minister of State (MoS) for External Affairs, Govt. of India , during his keynote address at the Valedictory session of ‘Make In Karnataka’ conference held at Hotel Lalit Ashok, Bangalore on February 14, 2017.
The two day conference was organized by Govt. of Karnataka in association with Department of Industrial Policy and Promotion (DIPP), Govt. of India and Confederation of Indian Industry (CII).
Also present at the event were Manohar Parrikar, Minister of Defence, Govt. of India, R.V Deshpande, Minister for Higher Education and Tourism, Govt. of Karnataka, Vikram Kirloskar, Non-Executive Director, Kirloskar Brothers Limited, Ramesh Abhishek, Secretary, Department of Industrial Policy and Promotion, Govt. of India, and Ravi Raghavan, Chairman, CII Karnataka State Council.


(L-R) M.J Akbar, Manohar Parrikar and R.V Deshpande                                                   JEEVAN

During his key note address, Akbar said that the defence sector is one of the engines that will drive growth in the next 5-10 years and that India will not only be self sufficient in defence but also the next major exporter in the area. He also said that technology can become the radical input with which poverty can be eliminated.
Talking about the strides taken in the area of defence and aerospace developement, Parrikar spoke about the success of indigenously developed and manufactured helicopters and aircrafts and lauded a team of young scientists at HAL who in a span of 15 months made great contribution to the area. He also expressed the possibility of the government and private sector working together in the area of defence.
Deshpande said that the manufacturing industry has undergone significant transformation and quality is the norm of the day. He asserted that, “It is not a manufacturer’s world anymore. It is a consumer’s world.”
All the three leaders concurred that the youth have a major role to play in the economic and technological growth of the country and agreed that the Central government and the various state governments should work together to boost the growth of the country.



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