Visakhapatnam, Aug 16 (UNI) The Export Import Bank of India Executive Director S R Rao today said increasing Globalisation process was providing many career development opportunities to the youngsters in India.
Speaking at the 9th Convocation of Gitam Institute of International Business here he said Textiles and Garments, Pharmaceuticals, Auto-components and Biotechnology were some of the emerging sectors in the country.
He said more and more Indian companies were going global as reflected in the rising trend in India's overseas direct investments, both in terms of approvals and of actual outflows.
The growth opportunities in the Corporate sector were full of challenges, he said and added the young generation should follow ethical practices and contribute their mite to Corporate Social Responsibility (CSR).
He said in the globalisation process nations competed not only with each others' economic systems, but also with each others' research and development, and education systems.
A competetive organisation is characterised by productivity, flexibility, speed, affordable quality and customer focus, he opined and added many organisations emphasised on closely integrated work groups, team work and shared information.
He said the need for certain types of jobs was reduced or eliminated due to Globalisation process. The free movement of some workers across national borders was increasing, he added.
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