‘Inequality main hindrance to promote sustainable industrialistion’

There is a need to create future jobs and industries which can create more revenues and that is very required for promoting sustainability for future generation.” Said Kithmina Hewage, research assistant of IPS (Institute of policy studies of Sri Lanka), made this observation at a parallel session on job creation and income generation and to promote sustainable industrialisation in the South Asia of the Ninth South Asian Economic Summit that ended on Sunday.  

India needs 1 million jobs per month to hold the sustainable growth of industrialisation, he added. 
“Inequality is the main hindrance to promote sustainable industrialistion. A large number of inequality in a country in a country compel to reduce economic growth, reduce production as well,” said Resident Representative of Friedrich- Ebert-Stiftung Franziska Korn.
Korn described a couple of points which are indispensable to promote sustainable industrialisation.
“Do we need more engineers or more managers in the future to make diverse economy and make more diverse jobs for sustainable growth of the business? This is high time that we need to decide right now,” she also informed.
“To make sustainable industrialisation viable is not easy to establish. Asia needs 2.5 trillion dollars to sustain the business development goals or feasibility,” said the President of MCCI (Metropolitan chamber of Commerce and Industry) Syed Nasim Manzur.   
“Once we used to represent 75 per cent of our GDP through DCCI (Dhaka Chamber of Commerce and Industries). Now, only 200 companies receive FDI (Foreign Direct Investment) in Bangladesh, which is profoundly poor compare to China and India,” he also informed. “The real purpose of the business is to create quality product and services and that can be benefited for the people as well, only then the industrial sustainability would be possible across Asia,” he also described.
“To create a sustainable business environment is pivotal, but the need for creating quality jobs is always been a challenge,” said Executive Director of CUTS international India Udai Singh Mehta.
He also pointed out lots of issues regarding the job creation, income generation and opportunities. 
“We all know that we need to create jobs, but we have to decide as well that whether we have to create good jobs, bad jobs or quality jobs,” he also raised a question regarding this issues at the event.  
“To promote green economy, we need to promote clean energy resources and that will enhance to create green jobs which will be environment friendly and benefited for the occupational health of the workers as well,” he pointed out at the event.
“SMEs (small and Medium-sized enterprises) have the huge potentiality to flourish in the near future in this continent. Because SMEs is environment friendly industry to promote sustainable industrialization,” he also described.          
“Domestic industries are growing in all the South Asian countries. We need to create more jobs for female employees. Female participation is growing but not like the male participants,” said Additional Research Director of CPD (Centre for Policy Dialogue) Khondaker Golam Moazzem.  
“Value chain method is very important to promote sustainable industrialisation. It is not possible in every sector to do business without training. Energy efficient technology will be the key to promote Green and sustainable industrialisation,” said Associate Director Asia foundation Syed Al Muti.        

Inequality main hindrance to promote sustainable industrialistion

There is a need to create future jobs and industries which can create more revenues and that is very required for promoting sustainability for future generation. Said Kithmina Hewage, research assistant of IPS (Institute of policy studies of Sri Lanka), made this observation at a parallel session on job creation and income generation and to promote sustainable industrialisation in the South Asia of the Ninth South Asian Economic Summit that ended on Sunday. India needs 1 million jobs per month to hold the sustainable growth of industrialisation, he added. Inequality is the main hindrance to promote sustainable industrialistion. A large number of inequality in a country in a country compel to reduce economic growth, reduce production as well, said Resident Representative of Friedrich- Ebert-Stiftung Franziska Korn. Korn described a couple of points which are indispensable to promote sustainable industrialisation. Do we need more engineers or more managers in the future to make diverse economy and make more diverse jobs for sustainable growth of the business? This is high time that we need to decide right now, she also informed. To make sustainable industrialisation viable is not easy to establish. Asia needs 2.5 trillion dollars to sustain the business development goals or feasibility, said the President of MCCI (Metropolitan chamber of Commerce and Industry) Syed Nasim Manzur. Once we used to represent 75 per cent of our GDP through DCCI (Dhaka Chamber of Commerce and Industries). Now, only 200 companies receive FDI (Foreign Direct Investment) in Bangladesh, which is profoundly poor compare to China and India, he also informed. The real purpose of the business is to create quality product and services and that can be benefited for the people as well, only then the industrial sustainability would be possible across Asia, he also described. To create a sustainable business environment is pivotal, but the need for creating quality jobs is always been a challenge, said Executive Director of CUTS international India Udai Singh Mehta. He also pointed out lots of issues regarding the job creation, income generation and opportunities. We all know that we need to create jobs, but we have to decide as well that whether we have to create good jobs, bad jobs or quality jobs, he also raised a question regarding this issues at the event. To promote green economy, we need to promote clean energy resources and that will enhance to create green jobs which will be environment friendly and benefited for the occupational health of the workers as well, he pointed out at the event. SMEs (small and Medium-sized enterprises) have the huge potentiality to flourish in the near future in this continent. Because SMEs is environment friendly industry to promote sustainable industrialization, he also described. Domestic industries are growing in all the South Asian countries. We need to create more jobs for female employees. Female participation is growing but not like the male participants, said Additional Research Director of CPD (Centre for Policy Dialogue) Khondaker Golam Moazzem. Value chain method is very important to promote sustainable industrialisation. It is not possible in every sector to do business without training. Energy efficient technology will be the key to promote Green and sustainable industrialisation, said Associate Director Asia foundation Syed Al Muti.