Development in developing nations will accelerate global economy: Suresh Prabhu

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Coimbatore | Updated: December 15, 2016 11:39:16 PM

The development of human capital would enhance intellectual capital and importance should be given to Education, Prabhu said, while inaugurating the seven International Conference on Development Policy

Union Railway Minister Suresh Prabhu today said the development of any developing nations will accelerate global economy. (PTI)Union Railway Minister Suresh Prabhu today said the development of any developing nations will accelerate global economy. (PTI)

Union Railway Minister Suresh Prabhu today said the development of any developing nations will accelerate global economy and there were two imperatives to be incorporated with investment, infrastructure and intellectual capital for sustainable economic development. One is the Natural Capital of the Economy and second the Human Capital, Prabhu said and opined that industrialisation should not deplete the natural resources of a nation.

Similarly the development of human capital would enhance intellectual capital and importance should be given to Education, Prabhu said, while inaugurating the seven International Conference on Development Policy Leveraging Investment, Infrastructure Capital for Economic development, held at Avinashilinga University for women here, through video-conferencing.

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The 2-day conference was organised by the University in collaboration with The Institute of Finance Management, Tanzania and and The Madras Chamber of Commerce and Industry.

Tadeo A Satta, Rector of the Institute of Finance Management (IFM), Tanzania spoke about economic policies, reforms and development happening in Tanzania and related the close observation of economic reforms of India to that of Tanzania.

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