Innovation is key driver of knowledge-based economy: VP
NEW DELHI [Maha Media]: Vice President M. Venkaiah Naidu has said that innovation is a key driver of the knowledge-based economy. Speaking at the inaugural ceremony of new campus of Sant Sohirobanath Ambiye Government College of Arts and Commerce at Pedne in Goa today, Mr Naidu said, India with its edge in Information and Communication Technology and an educated young population has the potential to become a world leader in the knowledge-based economy. Right ecosystem for research and innovation has to be created to thrive in our universities, he said.
The Vice President said that quality higher education is invariably a hallmark of all developed economies. It prepares students for more meaningful and productive roles and plays an important role in improving the standards of living. He added that a butterfly and a garden are as important as the latest IT tools. We must progress, but should not neglect nature. He exhorted the students to spend half of their time in the classroom and the remaining half in the playground or in the lap of nature.
Mr Naidu said, Commerce is an important area in our quest to make India a five trillion-dollar economy. He urged the students to conduct research in these emerging areas in commerce to make India a leading nation in trade and commerce at the global stage. Governor P. S. Sreedharan Pillai and Chief Minister Dr Pramod Sawant also spoke on the occasion.