 Rhaid i gael, mae'n viadio i gael eu bwysigol. Rydw i'n gorfod, rydw i'n gweithio gael unrhyw unrhyw. Rydw i'n cael ei wneud y byddwn ni'n rhaid i gael, bod y rhan o'r rhan o'r gwaith mwy o'r gwaith. Mae'n ddechrau Pryddechau o'r dechrau yn y gwaith gyda'r ysgrifenni. Mae'n gweithio gweithio gweithio gweithio'r gwaith sydd ym gyfyrdd. Gallwch chi weithio i gyfaint gwahanol ac mae'n siaradau f Enterprise. Felly, rydyn ni'n meddwl o'r bwysig yn ddechrau ffansu ond sy'n dweud tynnaf. Felly, ydych chi'n mynd i'r rhaid i'r rhaid i fynd yn y gweithio eu rhun. Felly, rydyn ni'n neud, fy ngweld ei wneud arwng.group wedi fy nghymru a'r amser o fod yn groeswyd ysgol, am gyfan mynd i cael ei gweithio a'r idgwyl. ac sy'n dweud yn wych i gaelio'r ddweud ydych chi'n helpu ar gaelio'r ddweud y dyfyniadau. Yr hyn sy'n dwi'n dysgu'r ddweud y ddweud y dyfyniadau yn gweithio'r gwybod fwyngelau aru 9.30 am oed. Mae'r ddweud i gaelio'r ddweud i gaelio'r ddweud yn y ddweud 59 ysgrifennu. Felly mae'r ffrustraethau? Mae'r ddweud? Ydw i'r ddweud? Roedd y dyfyniadau? Roedd y ddweud. Felly, am gondol, mae'r gynonwys yn rhoi. Mae'r gynonwys yn rhoi. Mae'n rhaid i ddweud hwnnw sydd wedi eu bod nhw'n gweithio'r lleol. Mae'n gweithio mewn cyd-dwylliant. Mae'n gweithio'r polwysgawr yn bod yn rhan ffasilydd. Mae'r gweithio'r cyd-dwylliant, a'r hyn yn y gweithio'r ffasilydd, mae'n ddweud hynny. Mae'n ddweud hynny'n gweithio'r cyd-dwyll sy'n gweithio. Mae'n rhan fyddwyr gyffredig, rainfall to people so the aim for you is to catch it and if you catch it you then get the chance to speak. What I'm going to do is to make sure that we have an idea of what has been said in each of the different groups. Each of the five groups have nominated a rapporteur, the chair in fact, to just give us a sense over the next hour of what was said. Ac rwy'n credu eu ffriddio, yw'r cyfle llwyddofyd ar 이걸iaeth, llwyddofyd yn ddegol, a'i gweld uch yn gynchon hwnnw pethau yn Llywodraethau Ac, ddaeth nid i gynch yn gwybod a'u cyfeiri, yw yn cyfeiri. Mae hwn wedi byw yn maenol ac rydw i'n meddwl i'r cyflwystiau, ac mae'r долwedd yn bynnig ei fod yn mynd ydyn nhw'n gwybod yma o enrydd yna rydych yn ymgylchio. Gallwn mynd i'n gweld yma'r gweinwyr anhygoel iddynt i'r tydol, I will feedback and comment. We have two senior figures here who are going to pass judgement on what you say and also add their perspectives to what their view is on these critical issues that have been raised during this policy day. First of all, we have Nitin Gulgadag должнаer, minister of road shipping and transport in highways. portfolio'r Minister. Yn gyfnodd yma, a'r Enke Sing, yw'r cyfnodd yn ymddangos y BJP ac yn ymddangos y policy economi. Rwy'n credu'r gweithio'r gweithio'r gweithio arall ymddangos ymddangos. Yn y pethau sydd wedi'i gweithio'r hynny, y pethau sydd wedi'u gweithio'r gweithio'r Minister Goyal, ymddangos cyfnodd ymddangos ymddangos ymddangos. PPPP. Ynd yn gwirionedd y dyfodaeth y byddai, ac yn ymdaf i'n rwy'n rydyn nhad at anserfodd y gael ddefnyddio'r rhywbeth. rhywbeth, rywbeth, sy'n rwy'n credu'r gweithio'r gweld. Rwy'n cael ei wneud amser, iddyn nhw'n amser yw'r cyflodiwe, yr unrhyw li'n mynd i y butyn nhw'n bod yn ysgrin, drwy'n rhaid i ti'n rhe sydd ein bod ni'n cael ei gwylltion. Felly mae yna'n ddinsgrim i'n ei ddefnyddio, It will be fine if you like. Sitting there. You can stand here if you would like. Good. Good evening everyone. I think as part of the Global Advisory Council of India which I am sharing has been an enormous learning experience. More importantly in terms of the interdisciplinary nature of the group that we have got together. And we addressed a couple of issues, ..on diogel y cyflin ar gyfer o adroils. Rwy'n rai dwg-igiau allan o'rmateb cyflin sy'n modd-leolol .. ..eg os y cyflin sydd eich meddwl. Ond nid o gweithio ar gyfer o adroilsya ac yn y dweud yr ystod.. ..yna yw fan chi oes yn ymarfer. Beth phobl iawn oed.. ..o'r gwirionedd yr amser yn fawr. Gallun pa ystod y pwg anodd hyn mae'r fydd yn ymddir... ..an amlent. gyda y peth yw ychydig, ychydig yn technoddol, ac mae'r oeddeithas yn dyfodol yn dyfodol, ond ydy'r oeddeithas yn rhan o'r gyflwyaf o'r hyn sy'n ddiddordeb, oeddiad, oeddiad, oeddiad, a'r oeddiad yn ysgrifennu gyda'r oeddiad o'r cyflwyaf oedd yn ni'n teimlo'r oeddiad, gyda'r cyflwyaf oeddiad oeddiad, oeddiad oeddiad oeddiad oeddiad, oeddiad oeddiad oeddiad oeddiad. We did look at some of the learnings as part of the groups. How do we bring in the apprenticeship programme more effective? How do you learn from some of the German models? And how do you look at, learn and earn together at the same time so that the employers benefit, the individuals benefit and the educational institutions benefit in this whole journey? Second thing on the financial inclusion was again a very, very good learning experience starting from the Janda Neogina, but that's just a starting point. How do you build on that to empower the population at large so that no citizen is left out? Some of the platforms that are being created, both with the government support and the private providers that are going to be a part of that, is going to be a revolution where we will witness certain outcomes every day, every year and at the end of the five years or ten years we will see how inclusive India with the financial inclusion takes place. I think the smart city initiative as I learnt was extremely useful with regard to the kind of investment that are going, but more importantly the linkages with regard to the employment itself and the skills. The contract manufacturing or the manufacturing as a base for India, but how do we develop the ancillary industries because they are the engine of employment and growth? How do you link that to the value chain totally and it's a global supply chain and we need to be connected to the global supply chain? These were the learnings and I think it was the most productive experience, but a digital India, connected India and a skilled India and a manufacturing out of here for a global connect were some of the themes which we articulated. That's what I learnt during the course of the days. Thank you very much, really very helpful. Let's drill down a little bit into each of the five areas and let me go to Vandana first of all to ask about human capital and skills Vandana. Let me toss this to you, I hope you can catch it. There, well, it does work. Right, Vandana, welcome. Give us a couple of minutes of what you have learned and what you learned from particularly the session that you chaired on human skills and then anyone else come in please because we're going to go through these one after the other. That works. The first lesson that came out of our group is stop depending on the government and stop waiting on the government to act. We talked about whether it's employment skills, whether it's bringing talent to market, whether it's fostering entrepreneurship. It's not necessary to wait for the conditions and the government to change. If you look at what IKEA did in Sweden, they went to the government, the government wasn't ready to act. They did it on their own and then the government took notice. Each person in this room can act and that momentum that we gain around entrepreneurship and employment will actually get government by and along the way. The second is entrepreneurial opportunities. How do we actually create them for people? Starting at the education level, how do we integrate entrepreneurial skills into our education system? Then later on, how do we actually create a market for entrepreneurs in terms of giving them access to capital and talent? How do we help them scale up or shut down? The third is connecting the dots between education, skills and employment that starts at the ground level. How much do each of us know whether we're an educator or a business leader? What's happening at each stage along the way and how do we refine what we're doing to actually see that people are becoming employable and productive at the end of this chain? Finally, there was a plug for the holistic skills framework pilot in COTA. Anyone is interested in going to COTA, then they're inviting you to come into that region to partner with them to start ITIs or sector-specific centres of excellence. Banana Goyal from the Akancha Foundation. Thank you very much indeed. We'll move on to agriculture shortly. Does anyone want to, you can throw it back to me if you want. I'll catch. Thank you. This is not cricket I should tell you. Who would like to come in? Anyone want to add anything about the importance of human capital and skills and the urgency that they feel? Remember, we're talking about what next and how fast, the speed at which this is necessary. Is it work or jobs? Anyone want to come in immediately? I know a lot of you contributed earlier, but anyone want to come in? Minister, when you hear that kind of message from here, what is your thought about how much of this really can be achieved given the enormity of one million new Indians coming onto the job market every month? I feel that this is the time for the country that we have to understand the strength and weaknesses. The strength is raw material is available. At the same time manpower is available. And particularly what I want to suggest to you that the rural sector and agriculture sector is most important. Because the maximum poverty and employment we are facing in agriculture. And by using the technology, appropriate technology, we can also create good employment potential in the rural area and agriculture. I feel that the conversion of waste into wealth is the philosophy and where we have got a lot of biomass. I am thinking on one line that from dry straw, wheat straw, cotton straw, we can make ethanol from that. And from ethanol we can make bioplastic. And bioplastic is really a good item where the farmers get good rates. Today ethanol manufacturers number of manufacturing in India is quite high. So by converting ethanol from corn, from sugar beet, from sugar cane, from the municipal waste, we can aggregate the glass, metal and plastic then we can convert into ethanol. A lot of technology is available in the world, particularly in the USA. So this is the time that we should concentrate on the agriculture sector. The third important thing is we are giving subsidy for urea for 55,000 crores. We have 30 factories and out of which only four factories they are making urea from Napta and 26 from natural gas. And now in China and many countries they are making urea from coal. Now first time our government allotted one coal mine for manufacturing urea from coal. So now this is a sector where tremendous requirement is there. It is import substitute and we can reduce the cost of urea which presently market is 1400 rupees per bag. It can go to 5 to 600 rupees and we can save the subsidy of 55,000 crores. We are giving it to the factories. So these are the innovations and the new technology particularly we can use it for the rural agriculture sector. As far as the scale development is concerned in my, particularly my ministry my planning is for next five years construction of road construction of five lakhs crores. It's a big amount but I have got a credential that what I say always I complete it. Thank you. So my suggestion is inland waterways road infrastructure these are the two sectors where maximum capital investment probably we are expecting maximum capital investment in this sector the shipping ports and I will request you there is a lot of opportunity for the employment potential but the scale specific scale we need where we need to train the manpower in that sector. So that can be also a good sector. The atmosphere in the country is totally pro-development and we want to encourage the entrepreneurship between the industry and between the small people also by Fana Syngden by Mudra Bank. At the same time I will request you if you can decentralise these efforts particularly for the rural agriculture field it will be more useful for the country. Mr Agriculture shortly is the next section the issue is surely jobs, work the gig economy how to monetise it, what the expectations are of the next generation. Well I think that Goyal had summed up exceedingly well of looking at the convergent trinity of education, skill and employment. In fact if you have really a symmetry between this trinity of education, skill and employment with the other trinity of what is also a government's favourite programme of the jam which is using basically mobile phone telephony and technology for purposes then the convergence between the trinity which you have explained and the trinity of jam should bring about virtuous multiplier circles in bringing about and fostering skill based employment but the critical issue there is how to change the pedagogy in our education system which will enable the fostering of skills which will lead to the kind of employment for which there are emerging opportunities. Thank you very much indeed I was having a conversation with Venkat, where are you Venkat in the room over there because you were making a point which you wanted to raise here about whether the model and the thinking is actually appropriate now for the kind of challenge that India now faces and I should tell you there is one comment here the direction is more important than the speed than fast. Good evening everyone. Just explain and introduce yourself. My name is Venkat, I represent the organisation junior achievement in short we are the largest school around the world reaching out to 10 million students but there is a perspective I wish to share now we all have seen different reports from different entities about the growth models and where we can reach let's say for sake of this discussion that today a $2 trillion economy that India is becomes a $12 trillion economy let's say or whatever be the period of time now let's look at another economy which is a $12 trillion today which is US now US attain this whatever the industries whatever the conversion process US attained a $12 trillion with the population which is less than India's workforce today whatever processes, whatever industries that we may choose for going forward for this growth definitely those technologies will be much better than what US has because we have a time gap over here. But you're also making the point about the aspiration and reality gap. So there are two things. For the next generation. There is a tearing aspiration for people to pick up jobs and that particular aspiration is all like I needed yesterday. The second is even if we were to attain this particular growth we may have wealth to take care of our people but that particular wealth may not necessarily translate into certain jobs which can be given to people so that they can take part in that particular wealth creation. So we may have to think of a plan B of how do we reach out wealth to people. Is that the hypothesis that I have to share? All right, well let me pick up on that minister very quickly about whether actually your growth model is the correct model in other words whether it's hung up by the old ways of thinking as opposed to the necessity of very significant and more radical ways of thinking. I feel that the communist and socialist model as per the results of the models you know better I don't want to make any comments on it. But basic our emphasis on in our economic policies is how we can eradicate the poverty how we can increase the employment potential how we can increase the agriculture growth that Gaaw, Garib, Majdur and Qisan the rural development and agriculture growth is most important. And I am giving you one example the BJP who state Madhya Pradesh the agriculture growth is 23% and in Gujarat it is 14%. I am from Maharashtra it is one of the progressive state but our agriculture growth rate is minus. So now this is the time by increasing irrigation how we can be giving creating more employment potential in the rural area in the tribal area and there are a lot of technology innovations are available where we can make it the employment available into the tribal rural agriculture sector. So my request is the maximum 62 to 64% of the population is in the rural area and now you are absolutely correct about all the industry sector the manufacturing sector the skilled development this is the correct line I don't have any resistance about it but my feeling is this is a field where we can use technology latest technology and where we can more employment potential which is in the interest of the country. So the approach of our Prime Minister and our economic policy is how we can generate more employment potential and the result is very clear when Pradham Mantriji taken charge as a Prime Minister our GDP was 4.25% and today it is 7.50 So now basically it is very important for service sector it is very important to concentrate on it to create more jobs but my request is we should think about out of box and using the technology and innovation in particular rural area and agriculture area my feeling is there is a lot of potential economic viability is available and we can take the technology up to that level it can be a great socio-economic transformation for the country. Thank you out of the box NK Singh but that other question about the aspiration with the next generation who have big expectations particularly of this government coming back to that question how fast can this really be achieved? Well I think that the minister is right that clearly even though the contribution of agriculture to India's GDP has progressively come down to what is now 12% nonetheless about 60% of Indians still derive livelihood from agriculture therefore unless you create agro and agro based activities not directly related to agriculture but agriculture related employment activity that's the case where you have multiplier gains on employment I think that your very sharp question on aspirational India I think that that is one of the centerpiece of the prime minister's program the spread of digital India and as we see the expectation of a digital India when you wire up in terms of fibre optical cables it is the centerpiece of the prime minister's program to proceed on this entire thing of jam the centerpiece of the jam is to target government benefits to mobile telephony and internet in improving health and educational outcomes in a very tangible way. Right well let's now move on immediately with agriculture the second of the five groups to Siraj Chaudhry who is chairman of Cargill here in India you have the microphone and we'd like to know what was discussed and what kind of recommendations came out of your agriculture group Okay so one of the things that I mentioned in my discussion which we had just post lunch was that Indian agriculture historically has been you know been a combination of God, government and the farmer where essentially the Indian farmer has been having faith in God trust in the government and commitment in his own toil that model suddenly over the last few years seems to have gone bad but God's really looking the other way I mean the last few years have not been the best in terms of the climatic support that we need for Indian agriculture which is heavily dependent on the natural elements for its success government over the years so it's not to say this year last year very often the government of the day gets the flag for what's not happening I think our approach has been more about subsidies addressing short term problems rather than investing in agriculture we are now seeing the solution that the industry sees is that introducing a new element into this tripartite relationship that has historically existed which is really the industry now that's been something which has actually deliberately been kept away in the past because trade was supposed to be bad for agriculture there was large mistrust between the farmer and the government versus the trade and I think industry coming in is probably the next step and some of that has been made possible through some of very good initiatives that have been taken particularly in the state of Marashtra where there are live examples of almost 30 plus private public partnerships which have worked to increase farm incomes improve technology I would take one more sort of point here which is that we talk about there is a lot of innovation happening in the space of food and agriculture I think what is holding it back is the slow rate of change that is happening in the policy framework so we have a lot of innovation happening around the world which we can very easily bring into the country but the regulatory framework whether it's the APMC laws the stock control orders the foreign forward market commissions those changes which are required in the regulatory framework are not keeping pace or the food safety laws and new product development they are not keeping pace with the change that is happening in the industry so I think there needs to be greater linkage between the industry and the farmer and the government has to play the bridge between the farmer and the industry and that's what we've decided in our deliberations today that as a group we need to come together industry comprising of all the stakeholders from organizations which are part of the pre-sowing phase to the post harvest and the buying of the organization that's required from the farmers need to come together as a group and work closely with the government and that's where the role of the government becomes important that they need to see us as genuine stakeholders in the interest of the farmers and want to invite us and we need to beef up our credential beef up is not probably the right word in this environment but we need to strengthen our efforts to be considered capable and reliable to be seen as credible advisors to the government right thank you very much indeed now look on my side here there's a comment farmers are poor and they get all the benefits how can we sustain this the policy has failed aspiration is to earn more but missing agency to earn more an agency to earn more and that's the degree of skepticism here does anyone want to come in on agriculture I would like to invite a Jay please do yes and by the way once you put an entry on your board do wipe it off because we're moving on to other areas as well and do it in black next time if you can the honorable minister is making the best roads the honorable minister is making the best roads where cars will travel fastest and it's good for infrastructure but the growth that we are seeing is through all sections of society and while other sections of society are progressing much faster farmers are being left behind and that's why the measurement tools for measuring growth need to be reworked we need to go back to the drawing board we are measuring growth in terms of GDP and as a farmer I can tell you every time my tractor has an accident the GDP of this country goes up so we need to go back to the drawing board to understand and get better measuring tools I've got to put that to you Minister back to the drawing board when his tractor fails the output of the country goes up as he puts it now the issue of the regulatory framework that underpins all five areas so let's leave that to a little later but that particular accusation really lack of equitable growth back to the drawing board on agriculture the basic problem in agriculture is irrigation the irrigation in Jharkhand is 5.6% Maharashtra is 16.8% Madhya Pradesh is 31% and Gujarat is 36% and in particular the Haryana, Punjab, UP UP is 48% the problem is that the irrigation the land acquired 80% will be acquired for irrigation dam and lakes and 15% of water is going to dam and lake and 50% water conservation and 70% going to sea so the water management, drip irrigation, sprinkler and irrigation is the key of success the other problem is 24 hour power that is also a big problem because in the state government all transmission distribution companies are in losses so there is a theory more generation more losses no generation no losses so they stop the electric supply to the rural area so we have to change some policy on government level but we need some research at the same time we have surplus of wheat, rice, sugar now and now we have the shortage of oil seeds in Rajasthan with the collaboration of Israeli company they are making now olive oil that is a successful experiment so as far as oil is concerned we have import of one lakh crores and now particularly the soybean I don't know but the cargill people are here in my area the soybean production is continuously going to down I don't know what the reason is that somewhere we need good research by which we can increase the production today I was in Nagaland Pineapple is available but no transport system pre cooling plant, coal storage nothing is there so this pre cooling plant, coal storage, irradiation these are the new technology where you can invest the money and it can give also the economic viability at the same time giving employment to the rural agriculture sector but the word there was back to the drawing board in other words the mindset remains a rather old fashioned compared to the reality now faced in agriculture Sir it is the duty of the government to say in the mindset I don't want to blame anybody just to wait for some time it is the strong political will is very important and the clarity in the economic approach I feel that our government we will take the decision and we are working on the same system and we will be success it will take some time for that alright will it the political area infrastructure to Ajit Glubchand who is the chair and managing director of the Hindustan construction company and also co-chair of today maybe you would like to stand up so the cameras can see you as well so at least you are halfway facing the camera but do please just highlight what you think was discussed today and the kind of urging that there is what next and how fast well I think everything that we discussed in the area of infrastructure cities has been in the context of this enormous figure of a million or more jobs every month new jobs to be created and to be able to put our arms round to what big that figure is we need to understand that this means about 300 million jobs in the next 20 years all kids are born here today and they will come seeking job over this period and just to get a perspective of what this means United States of America the largest economy in the world employs 135 million people so when we are looking at 300 million new jobs what kind of economy are we going to set up in 20 years America took 600 years to set it up so it is something that we need to apply our mind time is not on our side these kids are born they are going to come seeking so you will need every kind of employment infrastructure is one such enabler both it also gives employment as well as it is a creator of that structure which allows manufacturing, agriculture logistic sector all other forms of manufacturing, agriculture services sector to perform on the back of the infrastructure so it is extremely important that we build this infrastructure as fast as possible and this requires an enormous investment and I think the minister has already begun I mean he hit the road running because as soon as he got became minister of transport and really kickstarted the entire transport sector very quickly it is still far from where it should be but it has kickstarted so it is important for us to understand and see everything that we are doing in the context of these new kids that will come seeking jobs in 10 years the pressure will be so high these are not old peasants of yesteryear these are angry people that can derail the entire future of this country if you don't find them these jobs and which includes investments to create the jobs and education and skills development to enable them to take those jobs so I think this is the biggest job even in infrastructure we confront this issue we put the largest workforce in history without any training it is time for us to really pay attention so we can get productivity out of this and this is why the skills program initiated by the government it sounds very strange and a government should initiate it elsewhere in the world there were guilds that created this issue in India also these guilds were embedded in the caste system the caste system had its own problem so it is out but we need to create these guilds so that we can create those employment opportunities on one side and the capabilities on the other side but infrastructure is woefully short of what we need at the moment for example we have surplus power in the country and that is purely a function not because it is surplus because the economy is moving very slowly the day economy picks up the shortages of power will be the first thing that we will feel the roads as you said there is huge potential in agriculture agricultural process foods etc but isolated because of lack of roads lack of communication what about the mechanism just for building infrastructure but it is clear there is a financial problem there is a financing problem yes there is a financial problem but initially the government will have to kick start this sector by spending the money themselves there is no financial problem there is no flash with funds there is no question about financial problems and second is it is also possible to create new models they can build the roads and as soon as they are ready and operational they can sell them and that can easily raise the money if NHA decides to raise 100 billion dollars it is not so difficult for them to raise it I do not believe finance is directly a problem it is tapping it making it work that is the problem all right thank you very much let's just put those two points to the minister woefully short what we need on infrastructure 18 months into your government we need a kick start in other words it is missing at the moment no I am asking with the question all of you can you tell me a single project where the problems are there how long have we got yes if you can tell me I can give the answer when I taken charge of the minister 280 projects that cost 380,000 crores stuck up minister you asked a question in this audience here you tell me any of the project I will give the answer because I know that there is no project just put up your hand if you are having problems with an infrastructure project road project I am responsible for road project I am talking about road minister they are all friends of yours because no one is putting up their hands at the moment we can project all those businesses who are not there are stuck no Pius Goyal today gave an excellent account of the projects in the power sector which have now to a much better start they are on the mend the standard assets are being dealt with and I think that if you combine power and roads they are the two critical components of infrastructure nevertheless minister I have got to put what we have just heard woefully short of what we need and kick start this is the view of the group that discuss that today 18 months into your government sir I will give the little picture about it I am frank and fair don't hesitate to ask me the question and I am talking with full confidence either it is media or the industry first thing is that our budget is 42,000 crores given by the finance minister in NHI triple A rating we can raise 70,000 crores of bonds tax exempted bonds but we don't need because it is difficult for us to complete the expenditure of our budget third thing is 101 projects in EPC mode which are completed already is with me I can secutrate that project I get 120,000 crores even my total income is 8,000 crores so I can secutrate my income for 15 years I get 140,000 crores so money is not the problem I am sorry because Mr Singh is here one of the problem is the administrative problem fast track decision making process transparency forest environment ministry land acquisition and taking the decision and there are a lot of committees I always say if there is a will there is a way and if there is no will there is only survey, discussion, seminar, committee subcommittee and research group the problem in the government is even I went clear I had to go to 3-4 committees for that I am doing it it's my job but today as for the road infrastructure is concerned now as per there was a problem I know the problem of every company I know his company's problem and his project I don't know but I pursue more than him I know the more position about his project in what is happening there and I am pulling him that this is the case this is the problem so now presently land acquisition forest environment clearance because of new government we have already solved that problem now it is time to build up the capacity in the government system and at the same time to build up the capacity in the contractors in next 15 days I am going to tender for 17 hybrid road projects but I am for this year we have already started 9 PPP project first time last year it was only 3 but the problem is that now the bank are comfortable but now there are a lot of because of previous experience bank was very much disturbed but today it is a good and positive atmosphere as far as this sector is concerned I feel that there will be no problem this sector will create more jobs and as far as my ministry is concerned I have a target to create 50 lakhs jobs within 5 years and a second important thing to create add 2% of GDP into the GDP of the country but minister do you feel worried that the expectations are out there for you to deliver at a speed and with a level of achievement and that's what's expected out there and that's the perception at the moment is there still a massive problem and I've got a quote here from it is not a massive problem it's not a massive problem when I declare Bombay Pune I express I have 55 flowers and he is the contractor I construct all that project there was an appearance in the mind of the people how will it happen but I prove it in the time period I completed I accept the challenge you record everything and after next meeting you ask me and there will be no problem as far as the speed of the road is concerned construction now 30 km per day is our target today our target is 18 km and when I taken charge of the ministry it was 2 km so 30 km before March is my target I don't know whether it will happen or not but I am confident that we will complete that so there are the problems problems from the system problems we need fast track decision making process the finance ministry is something created the committee and they start the scrutiny for it there is a system where to improve it then regarding the problems land acquisition, forest environment clearance these are the problems now already we have solved that problem then shifting of utilities the other thing problems are everywhere what my philosophy is you should understand there are some people who convert problems into opportunities and there are some people who convert opportunities into the problem so it is problems where the minister it is our duty to solve the problem and as far as my sector is concerned even the experience of the contractors other people they will definitely they will give more idea about it but I am confident that the next year will be the fast moving year and we will definitely create good infrastructure we will remember that for next year then a fast moving year next year NK Singh there is a remark up there got to break out of the silo thinking and champion systemic leadership I am reading it virtually upside down but this sense and you are an economist is enough being done is the speed the best achievable at the moment on infrastructure given the perception out there and that kind of language of the need for kickstart woefully short of what we need well I think that it has kickstarted already because as you can see if the snail space at which roads were being constructed is today currently already catapulted from that figure to 18 kilometres with a target of 30 kilometres by March if the standard assets of 3 lakh euros in the power sector have been now converted into viable projects then the speed has already gathered momentum but I think that your question is a more fundamental one are we really doing adequate to meet a target stick is a shifting target the dynamics of expectations really and join up on the policy makers to not merely be satisfied with an 8% rate of growth which you are likely to achieve but to move that to a double digit number that's the changing dynamics that's the changing aspiration and that's what we have to really reach all right I've got to move on at high speed because we've only got do you want to come in please over there could you introduce yourself and I need to toss a microphone to you I've got to move on at some speed I'm afraid because we have two more groups but take the microphone catch it and just give us your thought on this please I'm Raghuram from the IAM since you asked about projects I just wanted maybe you could tell us about two projects one of them is the Delhi Jaipur the Gurgaon Jaipur pink city which is sort of really I think it's having its own share of troubles and also the Vadodara Mumbai expressway which will sort of actually the Delhi Jaipur project when I take and charge a minister only five flowers at that time the project is financed by IDBA bank and 13 bank in consultation the project was collapsed but today I just take the already by car I go to Jaipur and I just inspect the project 55 flowers are completed and before December end of December only two flowers we will complete all the projects and it will be open regarding Vadodara Mumbai express highway it is not a delay project Amdabad to Vadodara is completed it is waiting for my date for inauguration of that project so within 15 days I will go there and inaugurate Amdabad to Vadodara and Vadodara to Mumbai 65% land equation is completed and I am trying to make a tender before December but project is not delayed but before January we will go for the tender or express highway from Vadodara to Mumbai alright thank you let's move on to energy now but I just going to give you three messages which have been written behind you minister first of all road safety the highest number of deaths on roads just written up there every monsoon new road construction is required and another note quality of roads is questionable is sitting in the room one thing is very correct I fell in one mission regarding this road safety bill it is I already have submitted from 6 to 7 month to the cabinet and because of the parliament is not going on I am helpless and really I feel it very bad every year this country face 5 lakh accidents 1,50,000 deaths I am very sorry to change now we are as per the quality is concerned we are decided to construct cement concrete road so the quality will be good but regarding the accidents it is really painful and I am admitting this fact that today after trying my level best I can't get success to clear this bill and I am vigorously trying for that but it is a failure and a lot of accidents are taking place I also one of the victims face a long big accident my secretary has also face the accident it's very unfortunate but it needs some pressure because this is a subject in the concurrent list we need state government cooperation and that's why there are a lot of big corruption is there in this R2 and other thing the lobbies are making oppose for it but it's by public support we will try to pass this bill as early as possible Minister thank you Remember that ministerial apology 3 times I think we heard it to energy and financial inclusion to Ratul Puri who is chairman of Hindustan power projects for Hindustan power the summary of what your group discussed Ratul Maybe before I get into the summary of what my group discussed I think it's important for us to dispel one notion that I think has been going around I've been hearing this all day as I've walked around the forum events and that is that India is energy surplus I think India certainly is not energy surplus I think to the point minister Gadkari made earlier I think the only reason we are energy surplus is because we have a dysfunctional intermediary our distribution companies are dysfunctional they are not they are losing money on every unit of energy they buy and hence they are not able to they are not going out and servicing their customers but moving back to clean energy I think we had a very engaging set of discussions yesterday and today around what are the key enablers to drive renewable energy I think under our very energetic energy ministers put together one of the world's most ambitious renewable energy build out programs over the next five years 175 gigawatts of renewable energy across solar wind and a number of other areas between now and 2022 we identified a number of key areas that we believe would be the key challenges in meeting this and also identified possible solutions but the key and foremost area was around the area of financing so there was a belief that there is a need for about 150 billion dollars of investment that needed to go in of which 120 billion need to come in from the Indian banking system and a belief that this amount of capital for this narrower vertical in the overall infran energy space was going to potentially be a challenge what was good was I think Minister Goyal believed that he could get a number of the financing agencies that outside of the banking system that come under his ministry to potentially come in and help bridge some of this financing gap also there was a belief that there was an importance to create a bond market an ability to take assets as they were built out to pull them out from the banking system and drive them out and place them out with insurance companies pension funds which is exactly how infrastructure is financed in a post construction period globally the second area which was of concern was around the grid the ability of the grid to deal with what fundamentally is an intermittent form of energy renewables at the end of the day are not baseload power they are not available all the time the sun doesn't shine at night their times when the wind doesn't blow so we need to have an ability in the grid we need to have spinning reserves we need to have backup capacity to come in and be built out within this short period of five years to potentially come in and meet the intermittent nature of wind and I think the view was we have about 25 gigawatts again I think it was a part of the innovative thinking of the energy minister that we've got 25 gigawatts of stranded gas thermal capacity which is currently greatly challenged and this could potentially be revived, bought back on stream maybe supported by the government to provide some of the spinning reserves needed to build this out I think the third area which I think is of concern in the entire energy build out in the ability of the government's program to deliver 24-7 power supply is in the area of the distribution company financial health and poor practices distribution companies have adopted of having high transmission distribution losses and not revising tariffs in line with increasing costs so I think there is also a program which or a strategy that the government seems to be evolving to potentially move some of the debt of distribution companies on to the balance sheets of state governments which is actually where it needs to lie because fundamentally these are subsidies that should have originally been on the balance sheets of state governments which should have been provided by state governments so to move some of this debt over to the balance sheets of state governments give a clean start and then hopefully use a number of programs from the central government to try to ensure that we don't need to go in and once again you will be allowed to distribution companies a few years down the road. Thank you Rathol. Anyone else would like to come in on energy please. Keep the microphone because I did I think here the finance minister say quote we are generating more power than we need. Help us understand what he means and what you've just described. I think the finance minister was absolutely right I think we have consumers who are generating power using diesel LSHS furnace oil. We've got about 80 gigawatts of diesel fired and other liquid fuel fired capacity we need that capacity because the grid is unreliable distribution companies are not delivering out energy because they lose roughly around 25 cents on the dollar for every dollar revenue losing about 25 cents so if you're losing that much of money you just take the position that minister highlighted earlier which was I'm better off just not delivering energy out so obviously you'll have spare generation capacity because if the intermediary the distribution company doesn't deliver the energy out to the final consumer you will be surplus but I think that is something which is being addressed shortly I believe there's a lot of work to try to address that so that is a key fix in India's energy map I think that's one of the key fixes that needs to be implemented out Just before you sit down or maybe anyone else in the power sector might like to come in is that 175 gig deliverable particularly sustainable with the new technology and the volume of PV panels and everything else is that deliverable in this time frame? I think it's 175 gigawatts across wind and solar out of which 100 gigawatts is solar and I think 50 odd gigawatts is wind so I think it's certainly is deliverable the physical infrastructure can be created you can put those many panels out you can construct that out over a roughly 6 year old time frame I think again the challenge is identified with financing we need to make certain the grid is able to absorb such a large amount of intermittent power if and when India builds this capacity out and looking at the enthusiasm of our energy minister I have a fairly high degree of confidence it will get built out then this will constitute 25-30% of our overall energy generation at peak and would constitute close to 0% of our energy generation when the sun is not shining so we have to be able to deal with this intermittent nature of this source of energy and so a lot needs to be done to build out spinning reserves to be able to deal with this intermittent nature all right thank you the deliverability of this great aspiration both minister and NK Singh NK Singh you're the economist is this deliverable with the enormous demands just on production for the turbines and the PV cells and so on to deliver that kind of level of power well I think that it is certainly deliverable but I think that the reforms of the distribution system and the grid has to be an enduring there are two types of problems one is the problem of the stock of non-performing assets the government's present proposal is to take some of that on the balance sheet and allow state government the greater room under the FRBM to be able to borrow to meet that capacity but I think that the two critical issues which will still need to be addressed one is a broad issue of regulatory capture what does one do in a system like ours where electricity is in the concurrent list to deal with the problem of regulatory capture where the tariff fixation process by the regulator is a realistic one and what is more important as you mentioned as transmission and distribution losses we understand is an euphemism for theft so how does one deal with the problem of what is euphemistically described as a transmission and distribution losses once realistic tariffs have been fixed for the realization of that revenue stream which is due to the electricity board so this is one conundrum of problems to which the government's present approach is to solve the historical problems as we begin namely to solve the stock as they begin to address the issues of flow the second more important issue which has been raised is how does one integrate alternative systems of power between renewable and non-renewable in the grid system and in real time to make that a qualitative difference and bring down the demand supply equilibrium I totally agree with the approach that to some extent a complacency that we are surplus in terms of energy and power may be misleading because this is suppressed demand and this could be really as a result of the failures of the distribution system to be able to address and deliver the power in real time Minister it's not quite your area but is this deliverable Yes it is the most problem what he says is absolutely correct the distribution transmission and theft is a problem when generation you need the PLF good PLF some of the power projects they are working on 20 PLF 30 PLF so we have to increase the generation capacity at third time important thing is about the distribution I have got the solution we are now trying in Maharashtra but it will not appropriate to talk about it because something in the political scenario also you should talk in a system by which the common people can understand and we should not invite more criticism on it as far as the distribution is concerned we have to find out some solution and without that accountability we will never be succeed in the power sector because we are giving power of 100 rupees and taking the bill of 90 rupees 10 rupees losses are there it is continuously going on last many years how it can be survive somewhere we have to take some decision and these are very hard decision import decision I feel that government will definitely find out some solution All right well we have got literally three or four minutes to run let me go finally back to NK Singh the economist because I picked up from a year ago what you wrote in advance of the equivalent meeting last year you wrote it publicly India remains among the most over regulated countries in the world a manufacturer must comply with 70 regulations and file 100 returns a year regulation has underpinned every discussion here your view please about the state of regulation there are three important changes which have taken place since I may have written that piece last year to which you are referring to first I think in terms of the average time of being able to really now start the average time has come down dramatically from 129 days to just 27 days second on the ease of doing business the ease of doing business in the calculation index of the world bank we have not stopped 12 decisive points on two important counts on the enforcement of contract and on the total number of permissions which are needed third in terms of the index compiled by the world economic forum on the global competitiveness index we have registered a significant change in India becoming a more competitive economic destination than was so in the last one year so I think we are making progress incredible progress we need to keep up the space thank you very much indeed what we have tried to do is summarise a whole day of discussion literally in the last 57 minutes or so can I finally invite Philip Bresla from the world economic forum to give some final remarks Philip Bresla so thank you Nick ladies and gentlemen I will make it quite briefly so first and foremost I would like to thank you so that means of course our honourable minister NK Singh all the issued chairs and of course the moderators so please a big hand to our start off and for what was called closing but now we call it take off because this was the first national strategy day on India and our purpose is to shape India's national agenda in a global context and therefore we identified out of the 9 or 10 global challenges we defined as a world economic forum 5 major issues which we would like to address together with you here in and for India so that was the reason why we discussed of course the quite important issue of agriculture food security job skills education infrastructure financial inclusion quite briefly and as well the question of energy and it was not only a discussion because the idea was to make it shorter a little bit smaller more high level which was a great success thanks to your participation and always action oriented and all of the 5 different issues we identified over this day a couple of nice projects we could launch even during this day in terms of education we have the existing initiative for skills in India driven by our regional business council but in addition now we discussed another initiative for vocational training starting maybe in one of the states we have in terms of infrastructure great discussion in terms of urbanization in terms of energy hopefully the agreement with the clean energy alliance with the Indian government and of course in terms of financial inclusion some projects to increase the financial inclusion for all the people here in India and agriculture we have successful initiatives the new vision for agriculture and now we could invite hopefully add then 3 new states in order to improve our idea of agriculture and the new vision for agriculture so finally we could really come into action and therefore it's not a closing it's of course a take off session because we would like to start now with you all the projects of the course of the next 12 months and to come back in one year and see what we have achieved together really in a public private mindset we have had here not only one honorable minister but 16 so called public figures ministers chief ministers and state ministers and you as a private sector which means of course business but civil society, academia and the youth so again, thank you very much for your engagement and of course we owe the people in India a great success for all the projects we started so again, thank you very much it was a great day and hopefully a good take off safe flights, thank you very much