India only country to become manufacture hub in the future: Subba Rao

New Delhi, Nov 15 (Mayank Nigam) With Europe in recession now and the US heading for one, India is the only country which has the potential and power to become the manufacturing hub for the world in the future, said Ananth Technologies Chairman and Managing Director P Subba Rao. Speaking at the Federation of Telangana Chambers of Commerce and Industry (FTCCI) CEO forum event on “Navigation of your Entrepreneurial Journey” here on Tuesday, Rao said being born in an agricultural family his passion made him an engineer and eventually worked with the best minds in the country at Space and defense organizations.

He was keen to use technology for the benefit of the common man and was part of the team which launched satellites in the early years of ISRO to study weather, climate , ground water conditions etc. We are poised to do wonders in space programs. World at present needs close to 2.75 lakh satellites and only India has the capability and bandwidth to produce so many. Huge opportunity lies for us in the 440 billion space program industry globally ” Rao added Nuziveedu Seeds CMD M Prabhakar Rao said “ our mantra of continuous success depends on developing a new variety of seeds which benefit farmers, consumers and the nation. Today at Nuziveedu we have a variety of Maize and rice seeds which yields 30% more. We withstood competition from many players and foreign companies because we continuously invested in R&D. Dedication, hard work and Domain knowledge plays an important role in company success.

My aim is to see the country going to the farmer directly without middle men so that the farmer prosper ”, he said. Srinivasa Farms MD Suresh Rayudu Chitturi said “ We have come a long way and presently we are at no 2 position in eggs production and no 4 in chicken production globally. Poultry is at present a 2 lakh crore industry and will be 10 lakh crore by 2040. Our success depended on working with farmers closely and guiding them. We use AI effectively in our operations. Every extra Egg produced and 50 gms chicken produced will result in an employment of 30,000 extra jobs in the industry. In fact, the poultry industry created more jobs than the famed MGNREGA program, he added.