Union minister of finance, Arun Jaitley, attended the SP Jain School of Global Management’s campus in Sydney, Australia on Tuesday morning. Jaitley was leading a high-powered business delegation from Confederation of Indian Industry. The speech at the SP Jain Business School was the finance minister’s first official engagement in Australia.
Nitish Jain, president, SP Jain School of Global Management said, “We are a global B School of Indian origin with campuses in Dubai, Singapore, Mumbai and Sydney and will shortly be opening our 5th campus too.”
FM Jaitley focussed on education and the need to skill up India. “As far as skills are concerned, it is tough for the government as well as the private sector to accommodate everyone. Therefore it is imperative to have schemes which will help people generate jobs for themselves. We have identified 70-80 skills and we will set up technical institute to train people, ” Jaitley added.
Invitees to the talk were senior representation from the Indian and Australian business community along with NSW politicians and members from the Indian community.The FM elaborated further, “India’s GDP is just one indicator of its growth and at times can be lopsided. We need to consider other factors. In the current scenario, there has been an increase in FDI, rise in urban demand. But it shouldn’t be concentrated in urban areas only. There has to be an increase in private sector participation and rise in rural demand (coupled with good monsoon and agriculture) All this has to be achieved, then only there will be over all prosperity.”
There are students from 30 different countries at SP Jain School of Global Management.Economics professor at the Sydney campus, John Lodewijks, said that the students got a far better idea of the Indian economy and the policies the government has initiated to address developmental challenges.The school worked in close consultation with the Indian High Commission and Consulate to organise the visit. It also worked alongside 3 partners for the event: the Confederation of Indian Industries [CII], Ernst & Young [E&Y] and the Australia-India Business Council [AIBC].
Source:The Times Of India.
