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Business EconomyPosted at: Feb 12 2019 6:32PM


National Productivity Council celebrates 61st Foundation Day

New Delhi, Feb 12 (UNI) National Productivity Council (NPC) celebrated its 61st Foundation Day on Tuesday as Productivity Day and celebrated National Productivity Week from February 12-18.
This year’s theme is “Circular Economy for Productivity & Sustainability” which represents a unique opportunity for circular business models for Make - Use - Return. It presents an opportunity for long term economic prospects and regeneration of materials. Transitioning to an efficient circular economy will benefit industry and all stakeholders now and in future.
Addressing the inaugural session , Department for Promotion of Industry and Internal Trade Secretary Ramesh Abhishek said the role of National Productivity Council was very important in the backdrop of the mammoth target of growth to raise the Indian economy to the level of USD 5 trillion by 2025 and USD 10 trillion by 2035.
''Our productivity must be comparable with our competitors in global and regional market value chain so that Indian products can remain competitive,'' he said.
The DPIIT Secretary asked the NPC to play a very critical role to enhance the overall productivity in the Indian industry and to work closely with industry associations.
He also emphasised on the need of sensitization and creating awareness in industry, particularly MSMEs.
At series of functions are being organised between February 12-18. Panel discussions on subjects like artificial intelligence by experts are also being organised to deliberate on the challenges, benefits and outcomes from implementation of circular economy.
Apart from workshops in New Delhi, the 13 Regional Directorate of NPC at Kolkata, Chennai, Guwahati, Bhubaneshwar and Chandigarh will organise seminars and workshops in coordination with State Governments, State PSUs and Businesses.
The 23 Local Productivity Councils spread across the country are also organizing workshops.
The circular economy follows the principle of preservation and enhancement of natural capital by controlling finite stocks and balancing renewable resource flows. Circular economy has the potential to increase productivity and create jobs, whilst reducing carbon emissions and preserving valuable raw materials.
It works by extending product life span through improved design and servicing and relocating waste from the end of the supply chain to the beginning – in effect, using resources more efficiently by using them over and over. The challenge lies in building circular economy knowledge and capacity.

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