Monday, Nov 24, 2014

Shanu SP Hinduja expresses optimism over Indian budget

Press Trust of India | New York | Posted: July 13, 2014 12:41 pm

Co-chair of the UN Foundation’s Global Accelerator Shanu SP Hinduja has expressed optimism over the Indian budget giving priority to all-encompassing development, saying such measures will send a strong signal to foreign companies to invest in India.

“All eyes are on India, especially on the initial 100 days of the new government. It is good to see that steps are being taken in the right direction to achieve empowerment of youth and women and to focus on skills development,” she said.

Last month, Hinduja, who is Chairperson of the Hinduja Foundation US, addressed the issue of job creation and youth in a speech at the UN where she underlined the need to impart skills, particularly to people in the rural areas.

Hinduja said she was glad that her foresight on issues of women, youth, reduction of poverty and imparting skills in rural areas got endorsed in the Indian budget, which outlined priorities for all-encompassing development, making India skilled and digital and giving impetus to skill development for youth.

She said focus on developing skills sets and on young entrepreneurs is being given priority by the new Indian government through the budget which will help bring investments in India.

“The implementation of measures announced by the Indian government is what the world is waiting to see. One way to implement it is to get foreign investors in India because they will get jobs. Focus should be given to economic growth in small towns,” she told PTI.

Hinduja feels hopeful that to see that steps in the area of youth empowerment and reduction of poverty, some of which had been started by the previous government, “are now being focused on.”

“This budget is going to help India have better relations with countries as it will encourage foreign companies and the private sector to invest in India and bring economic growth to the areas that need it,” she said, adding improved relations between India and the US would help bring greater stability to the Asian sub-continent.

She further said India focussing on an all-encompassing development will also help build better connections between India and the UN towards working on the post-2015 goals.

As Co-chair of the UN Foundation’s Global Accelerator, Hinduja had said that companies and entrepreneurs have the responsibility to impart skills for jobs to men and women, who in turn will be able to create value for the companies and businesses.

“We really need to take the aspect of teaching skills very seriously,” she had said.

Hinduja was invited to be the co-chair of the UN Foundation’s Global Accelerator, which brought together entrepreneurs and the UN to accelerate global solutions on key Millennium Development Goals (MDGs), the world’s “to do list” to alleviate poverty.

She had further stressed that companies and young entrepreneurs should “give jobs to the people who really need them, they should teach them the skills and help those who cannot find jobs by giving them the opportunity to start their own businesses.”

Hinduja had said at the UN that Modi’s support for business “will itself bring about more jobs because that will give incentives to business to want to come into the country.”

Earlier this month, continued…

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