Financial Daily from THE HINDU group of publications
Thursday, Nov 28, 2002
Financial Daily from THE HINDU group of publications Thursday, Nov 28, 2002 |
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Industry & Economy
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Economy Strengthening IPRs can boost GDP, says Kalam Our Bureau
HYDERABAD, Nov. 27 THE President, Dr A.P.J. Abdul Kalam, has emphasised the need to streamline and strengthen the intellectual property rights (IPRs) and convert them into viable business propositions. This, he said would help sustain a better GDP growth and become a developed country by the year 2020. Addressing scientists and researchers at the silver jubilee celebrations of the Centre for Cellular and Molecular Biology (CCMB), Dr Kalam said that value addition to the agricultural produce, strengthening the education and healthcare systems, leveraging the information technology and communications, developing infrastructure and gradually becoming self-reliant in the crucial technologies will make India globally competitive. The President said that the GDP growth, currently pegged at about 5 per cent, could be raised to about 10 per cent if crucial facilitating issues were addressed in the next five years. The sustained effort to increase the GDP can be achieved provided we emphasise and focus on value addition to agricultural produce by developing downstream post-harvesting and food processing industry, he said. Since about 70 per cent of the country's population was dependent on agricultural produce, emphasis on these areas was necessary to boost the sector, Dr Kalam added.
Dr Kalam said that in the next 18 years, it would be possible for the country to transform into a developed nation provided we leverage the country's diversity, particularly in the healthcare system.
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