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India can create jobs in EMEs: Unido

by   Feb 2, 2012 17:23 IST

#Anand Sharma   #Kandeh Yumkella   #NewsTracker   #Unido  

New Delhi: India can play a major role in generating employment opportunities in developing countries in Africa, besides promoting sustainable development in the region, Unido director general Kandeh Yumkella said today.

"India can do a lot. India can help define what we mean by sustainable development ... You have major players like Tatas and Suzlon Energy. We believe you can be technology developer and innovator...," the director general said after meeting Commerce and Industry Minister Anand Sharma in New Delhi.

Unido director general Kandeh Yumkella. Herwig Prammer/Reuters

During the meeting, both the leaders stressed the need to strengthen South-South cooperation and discussed ways in which India can help the least developed nations, especially in Africa.

Talking about the global economic slowdown, Yumkella said that undoubtedly the current global situation has affected India's exports to the world markets like the US and Europe. But this scenario also creates an opportunity for India to explore African markets.

Indian exporters are exploring new markets like Latin America and Africa to reduce its dependence on western markets like the US and Europe.

Further, Yumkella said, Unido could also contribute to India's ambitious plan to increase the share of manufacturing sector to the country's Gross Domestic Product to 25 percent from 16 percent at present.

PTI

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