Home >politics >policy >Tarun Khanna panel to meet this week

New Delhi: The Tarun Khanna-led committee on innovation and entrepreneurship set up by NITI Aayog will meet later this week to recommend ways to promote both with an eye on creating jobs and globally competitive enterprises, as mandated in its terms of reference.

Two government officials who spoke on condition of anonymity said the committee will meet key government departments, executives from incubators and start-ups, entrepreneurs and representatives of industry associations on 17 and 18 June.

There is a perception that not much has happened in the last one year related to jobs and entrepreneurship, and the government wants to change that perception and move fast, the first official said.

The committee’s creation was announced by NITI Aayog on 21 April on its website, although it went largely unnoticed.

Apart from Khanna, a well-regarded professor of strategy at Harvard Business School who is director of Harvard University’s South Asia Institute, the committee includes vice-chairman of Piramal Enterprises Ltd Swati Piramal, co-founder of Enam Securities Vallabh Bhansali, non-executive vice chairman of Genpact Pramod Bhasin, IIT Bombay director Devang Khakkhar, IIM Ahmedabad director Ashish Nanda, Central Square Foundation chief executive Ashish Dhawan and Manish Sabharwal, chairman of the staffing and training company, Teamlease Services Pvt. Ltd.

The committee has been formed to work out the “contours of the Atal Innovation Mission" and its underlying “Self Employment and Talent Utilization" mechanism, said NITI Aayog in an office memo dated 21 April uploaded on its website.

Jobs, rather the lack of them, became a big problem in the 10 years (2004-14) India was governed by the United Progressive Alliance.

India created 59.9 million jobs between 1999-2000 and 2004-05, under the Bharatiya Janata Party-led National Democratic Alliance government.

Between 2004-05 and 2009-10, the country created just 1.1 million jobs and between 2009-10 and 2011-12, 13.9 million new jobs.

The creation of jobs was one of the election promises of the BJP-led NDA in the 2014 general election that saw it return to power.

The second official added that four ministries—labour and employment, skill and entrepreneurship, small and medium enterprises, and human resource development—will play key roles in creating jobs or preparing a conducive atmosphere for entrepreneurship.

Sectors such as tourism, pharmaceuticals, automobile and technology, too, will play important role, this person added.

The creation of the Atal Innovation Mission was announced by finance minister Arun Jaitley in Union Budget 2015. He said that, initially, a sum of 150 crore would be set aside for this.

If you want to create jobs, promotion of entrepreneurship is very important and the government seems to have understood the point, S. Ramadorai, chairman of the national skill development agency, told Mint on 5 June.

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