Political will required to execute imp schemes: Shaw
"There is no shortage of schemes in India to address the myriad challenges that confront us. However, most of these often fulfil only a small part of what they set out to do."
"Reasons for failure range from corruption or simply the lack of political and bureaucratic will to execute" Biocon Chairman and Manging Director Kiran Mazumdar Shaw said while delivering the 25th Centenary Endowment Lecture of the Intelligence Bureau.
Shaw, named as among 100 most influential person by Time magazine, said inadequate resources and poorly through schemes also fail to deliver on their expected outcomes.
"As a result, most of our programmes, even if well intentioned, have one fundamental short coming: The governance mechanism to deliver these schemes is mired in inefficiency and unaccountability" Shaw said at the function which was attended by top police brass of the country.
Union New and Renewable Minister Farooq Abdullah, Ministers of State V Narayananswamy and Rajiv Shukla were also present at the function.
For growth to be inclusive, the country must leverage innovative, problem solving approaches to deliver good governance, she added.
"We must formulate policies that focus on helping people emerge from an existence of perpetual disadvantage through incentives, not handouts," Shaw said.
The country needs to adopt a focused, metrics-driven approach offering self empowerment opportunities to the disadvantaged so that they can participate in growth and partake in its dividends, lifting them out of poverty, she added.
Commenting on the state of economy, Shaw said, "I, for one, believe that we need to draw up a clear roadmap of where we want to be as an economy by 2050".
She added that a key characteristic of an equitable economy is one that balances the contribution of the three main sectors-agriculture, manufacturing and services.
Highlighting the importance of biotechnology in mitigating the problems facing the country, Shaw said biotech sector can usher in a second green revolution with unprecedented opportunities to ensure food security along with free economic well being of the farmers.
"Biotechnology offers scientific techniques that optimise the use of available resources without placing additional demands on land or water to boost yields – which is just what India needs," Shaw added.
Shaw also mentioned that these solutions, which can be easily scaled across the country, can also improve the quality of the produce with disease free and nutritionally enhanced variety of crops.
Later, Abdullah released a Indian Police Journal at the function. Union Home Minister Shushilkumar Shinde was supposed to preside over the function but could not manage because of mass protests in various parts of the capital.