You are here: Home » PTI Stories » National » News
Business Standard

Skill development key driver of Indian economy: NALCO CMD

Press Trust of India  |  Bhubaneswar 

Industries must come forward to invest in skill and innovative ideas for employment generation and growth in economy, says NALCO CMD Tapan Kumar Chand.

Seventeen per cent of India's depends on agriculture, 26 per cent on industry and 57 per cent on the service sector, he said.



"But to strengthen other sectors, industries must ensure bringing down production costs and increasing the purchasing power. For this, skill development and investment in innovative ideas are a must," said Chand.

He was addressing a gathering on the occasion of the 74th of Utkal University here today. Governor S C Jameer, also the Chancellor of the University, inaugurated the event.

Chand, in his address, appreciated Prof Ashoka Das, Vice Chancellor and all faculty members for their efforts to bring in all-round development of the university promoting free-thinking.

Citing the example of Navratna NALCO's R&D efforts, Chand spoke about presence of fluoride in the ground water of Angul sector even before Nalco was established, and to address this endemic problem, the company is investing around Rs 20 crore in a breakthrough Nano technology conceived by a young group of scientists.

Similarly, efforts are being made by the company as part of waste management to extract iron from its residual red mud in Damanjodi sector.

As part of industry-institution interaction programme of NALCO, Chand announced that it would collaborate with Utkal University for all-round development, including infrastructure and intellectual development, and provide a platform to students, teachers and researchers for their innovative ideas through a dedicated web portal.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

RECOMMENDED FOR YOU

Skill development key driver of Indian economy: NALCO CMD

Industries must come forward to invest in skill and innovative ideas for employment generation and growth in economy, says NALCO CMD Tapan Kumar Chand. Seventeen per cent of India's GDP depends on agriculture, 26 per cent on industry and 57 per cent on the service sector, he said. "But to strengthen other sectors, industries must ensure bringing down production costs and increasing the purchasing power. For this, skill development and investment in innovative ideas are a must," said Chand. He was addressing a gathering on the occasion of the 74th Foundation Day of Utkal University here today. Odisha Governor S C Jameer, also the Chancellor of the University, inaugurated the event. Chand, in his address, appreciated Prof Ashoka Das, Vice Chancellor and all faculty members for their efforts to bring in all-round development of the university promoting free-thinking. Citing the example of Navratna NALCO's R&D efforts, Chand spoke about presence of fluoride in the ground water of ... Industries must come forward to invest in skill and innovative ideas for employment generation and growth in economy, says NALCO CMD Tapan Kumar Chand.

Seventeen per cent of India's depends on agriculture, 26 per cent on industry and 57 per cent on the service sector, he said.

"But to strengthen other sectors, industries must ensure bringing down production costs and increasing the purchasing power. For this, skill development and investment in innovative ideas are a must," said Chand.

He was addressing a gathering on the occasion of the 74th of Utkal University here today. Governor S C Jameer, also the Chancellor of the University, inaugurated the event.

Chand, in his address, appreciated Prof Ashoka Das, Vice Chancellor and all faculty members for their efforts to bring in all-round development of the university promoting free-thinking.

Citing the example of Navratna NALCO's R&D efforts, Chand spoke about presence of fluoride in the ground water of Angul sector even before Nalco was established, and to address this endemic problem, the company is investing around Rs 20 crore in a breakthrough Nano technology conceived by a young group of scientists.

Similarly, efforts are being made by the company as part of waste management to extract iron from its residual red mud in Damanjodi sector.

As part of industry-institution interaction programme of NALCO, Chand announced that it would collaborate with Utkal University for all-round development, including infrastructure and intellectual development, and provide a platform to students, teachers and researchers for their innovative ideas through a dedicated web portal.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22

Skill development key driver of Indian economy: NALCO CMD

Industries must come forward to invest in skill and innovative ideas for employment generation and growth in economy, says NALCO CMD Tapan Kumar Chand.

Seventeen per cent of India's depends on agriculture, 26 per cent on industry and 57 per cent on the service sector, he said.

"But to strengthen other sectors, industries must ensure bringing down production costs and increasing the purchasing power. For this, skill development and investment in innovative ideas are a must," said Chand.

He was addressing a gathering on the occasion of the 74th of Utkal University here today. Governor S C Jameer, also the Chancellor of the University, inaugurated the event.

Chand, in his address, appreciated Prof Ashoka Das, Vice Chancellor and all faculty members for their efforts to bring in all-round development of the university promoting free-thinking.

Citing the example of Navratna NALCO's R&D efforts, Chand spoke about presence of fluoride in the ground water of Angul sector even before Nalco was established, and to address this endemic problem, the company is investing around Rs 20 crore in a breakthrough Nano technology conceived by a young group of scientists.

Similarly, efforts are being made by the company as part of waste management to extract iron from its residual red mud in Damanjodi sector.

As part of industry-institution interaction programme of NALCO, Chand announced that it would collaborate with Utkal University for all-round development, including infrastructure and intellectual development, and provide a platform to students, teachers and researchers for their innovative ideas through a dedicated web portal.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22

Upgrade To Premium Services

Welcome User

Business Standard is happy to inform you of the launch of "Business Standard Premium Services"

As a premium subscriber you get an across device unfettered access to a range of services which include:

  • Access Exclusive content - articles, features & opinion pieces
  • Weekly Industry/Genre specific newsletters - Choose multiple industries/genres
  • Access to 17 plus years of content archives
  • Set Stock price alerts for your portfolio and watch list and get them delivered to your e-mail box
  • End of day news alerts on 5 companies (via email)
  • NEW: Get seamless access to WSJ.com at a great price. No additional sign-up required.
 

Premium Services

In Partnership with

 

Dear Guest,

 

Welcome to the premium services of Business Standard brought to you courtesy FIS.
Kindly visit the Manage my subscription page to discover the benefits of this programme.

Enjoy Reading!
Team Business Standard