Updates
Visit: Ministry of Mines is organizing a national event to mark the Handing over of 100 G4 Mineral Blocks by GSI to the State Governments on September 8th, 2021, at 3 PM at New Delhi with FICCI 06/09/2021     | Geological Survey of India (GSI), under the aegis of Ministry of Mines is organizing a national event to mark the Handing over of 100 G4 Mineral Blocks by GSI to the State Governments on September 8th, 2021, at 3 PM at New Delhi with FICCI. Click here to register. 06/09/2021     | NOTICE Regarding Employment Fraud 02/09/2021     | KIND ATTENTION: SHAREHOLDERS (Updation of E-mail Ids & Mobile Numbers) 13/08/2021     | Global Tender Enquiry (GTE) for Engagement of EPCM Consultant for Establishing Facility for Aluminium Alloy Melting, Slab Casting and Flat Rolled Products Production Facility at Nellore, Andhra Pradesh, India. 10/08/2021     | Request for Expression of Interest for Lithium Ore Offtake from reputed Indian Firm(s) / Lithium Processing Technologist / Consortium from prospective mining facilities of KABIL and its international partners for import of ore/product to India 03/08/2021     | Contribute your rendering of the National Anthem of India at: https://rashtragaan.in/ 02/08/2021     | Result of Graduate Engineers Through GATE-2020 29/06/2021     | List of Shortlisted Candidates for Group Discussion / Personal Interview for Selection of Assistant Manager (Finance) – E02 Against Advertisement No 10200101. 10/05/2021     | List of Short-listed Candidates for GET-2020 Interview. 11/01/2021     | Recruitment of Doctors-2020 12/10/2020     | NIT for Engagement of Consultant for preparation of EIA and EMP study to obtain EC to set up High End Aluminium Alloy project by “Utkarsha Aluminium Dhatu Nigam Ltd.” 16/07/2020     | Deposit of one time Registration fees for PRMBS 26/06/2020     | Covid Mailer from Ministry 06/05/2020     | Integrated Govt. Online Training ( iGOT) courses on DIKSHA platform on Covid 19 pandemic 22/04/2020     | Circular: Integrated Govt. Online Training (iGOT) courses on DIKSHA platform on COVID-19 pandemic 22/04/2020     | EOI – for SUPPLY, INSTALLATION, OPERATION AND MAINTENANCE OF GPS & GPRS BASED INTEGRATED RAKE TRACKING SYSTEM IN CAPTIVE POWER PLANT, ANGUL, ODISHA 11/04/2020     | Advertisement of PESB for the post of Director(Commercial) 18/03/2020     | The corrigendum against the Advt. no 10200101 13/03/2020     | Joint Venture agreement for Khanij Bidesh India Ltd. (KABIL) signed in presence of Hon’ble Minister of Mines Shri Pralhad Joshi by NALCO, HCL and MECL under Ministry of Mines, GoI. 01/08/2019     |
press clipping banner

Job Creation, Innovation and Inclusiveness will play a key role in an Emerging Economy like India: Dr. Chand, CMD, NALCO

calender11/01/2019
Emerging_Economy
Emerging_Economy1

Bhubaneswar, 11/01/19: In a rapidly changing business environment where Industry 4.0 has become a buzzword in India and across the globe, the main challenges facing an emerging economy like India are job creation, innovation and inclusivity, said Dr. Tapan Kumar Chand, CMD, NALCO, at an International Conference on ‘Issues and Challenges of Business in Emerging Economy’.

At a gathering of industry captains, academicians, foreign delegates, research scholars, and policy-makers from India and abroad, Dr Chand said, ‘’India is the fastest growing large economy with a dream of becoming the third largest economy. As per estimates, from the current $ 2.57 trillion, India is aiming to reach $ 5 trillion by 2023. The question is can the economy be tripled by 2030.’’ Dr. Chand went on to add that India certainly has the demographic dividend on its side to dream big, but there needs to be productive engagement of the working population and the skill-sets needs to be cultivated strategically to yield the desired impact on the economy.

Speaking at the inaugural session of the two-day International Conference organized by Birla School of Management under Birla global University, Dr. Chand also spoke on the importance of gathering Data and how it will help the industries and policy-makers to decide on what kind of interventions can help the economy.

‘’We are already in the middle of the 4 th Industrial Revolution, where robotics, Augmented Reality, Internet of Things etc will decide the future course of action for industries. But the technological disruption will also mean a certain section of people will lose jobs. MEMEs will be the driver for creation of jobs. To address this challenge, NALCO, being a Mother Plant, has already taken steps. The Angul Aluminium Park will provide the MSME sector in procuring raw materials at economical rates from NALCO and the Navratna PSU Company will also lend marketing support to MSMEs to help the sustain in the long run,’’ said Dr. Chand.

Other notable speakers of the inaugural session were Prof. Sudhakar Panda, VC, Birla Global University, Prof. & Dr. Rado Bohinc, Former Dean, faculty of Social Sciences, University of Ljubljana, Slovenia, Europe, Dr. Gerald Goh Guan Gan, Dean, Faculty of Business, Multimedia University, Malaysia and Dr. S.K. Acharya, Former CMD, NLC India, among other stalwarts.