Luminous CEO Advocates for Women's Economic Empowerment
Preeti Bajaj, CEO and Managing Director of Luminous Power Technologies, has emphasized that collective action from the government, industry and citizens is needed to take the economic contribution of women in the economy to 50%. According to her, such collective efforts are necessary as India can do nothing less than become the third largest economy in the world.
India has taken giant strides, but unless we have 50% of women in the workforce, it will not be a robust economy as per Prime Minister Modi's dream," Bajaj said to IANS at the NDTV World Summit. "She is optimistic about the initiatives now being undertaken by the government, though seems to insist on citizens' commitment year after year".
Bajaj insisted that the role of government is of significance but secondary because industries and academia must actively participate to achieve this end. "The first step toward realizing any ambition is determination. This determination should not just be a wish but a guiding principle for our success", she underlined.
Elaborating on the collaboration required, she said that "to achieve this vision, industrialists, citizens, and educational institutions need to come together to form an enlightened India".
She also outlined three-pronged strategy drivers of India's progress and said "firstly, our infrastructure development led by Union Minister Nitin Gadkari needs to keep moving on and expand". Besides the infrastructure development, she stated that the second pillar needed is better education so that bright talent stays within the country.
The Make in India program has been integral to the initiative, "We are committed to creating an ecosystem that is supporting for industries. Luminous is innovating through work on the development of solar panels and solar inverters for Indian homes", she said.
"We can definitely fulfill the dream of developed India by sustaining impetus for infrastructure, education, and manufacturing", Bajaj concluded.
