Write the advantages of providing education and skills for manufacturing and
service industries of Pakistan
Answers
Explanation:
Education
Some advantages of education are: it boosts economic growth and increases the GDP of a country. ... Education is an important investment in a country as there are huge benefits. Education guarantees lifetime income; it promotes peace and reduces drop-out rates from schools and colleges and encourages healthy competition.
Skill development
The benefits of Skill Development include increased business profits, improved performance, improved accuracy & quality, improved communication, complies with rules & regulations, improved recruitment & career opportunities, and development of good customer relations.
Answer:
EDUCATION
Education provides a foundation for development, the groundwork on which much of our economic and social well being is built. It is the key to increasing economic efficiency and social consistency. By increasing the value and efficiency of their labor, it helps to raise the poor from poverty.
SKILLS FOR MANUFACTURING
Benefits of local manufacturing: The country will benefit in the following ways
Benefits of local manufacturing: The country will benefit in the following ways1) Creation of jobs, development of higher level of skills.
Benefits of local manufacturing: The country will benefit in the following ways1) Creation of jobs, development of higher level of skills.2) Development of new technologies, innovation in industry, transfer of knowledge
Benefits of local manufacturing: The country will benefit in the following ways1) Creation of jobs, development of higher level of skills.2) Development of new technologies, innovation in industry, transfer of knowledge3) Economic development, opportunity for government to document
Benefits of local manufacturing: The country will benefit in the following ways1) Creation of jobs, development of higher level of skills.2) Development of new technologies, innovation in industry, transfer of knowledge3) Economic development, opportunity for government to document4) Encouragement of R&D culture
Benefits of local manufacturing: The country will benefit in the following ways1) Creation of jobs, development of higher level of skills.2) Development of new technologies, innovation in industry, transfer of knowledge3) Economic development, opportunity for government to document4) Encouragement of R&D culture5) Ripple effect benefits in greater broadband adoption
Benefits of local manufacturing: The country will benefit in the following ways1) Creation of jobs, development of higher level of skills.2) Development of new technologies, innovation in industry, transfer of knowledge3) Economic development, opportunity for government to document4) Encouragement of R&D culture5) Ripple effect benefits in greater broadband adoption6) Saving of foreign exchange, lesser reliance on foreign countries to fulfill local needs
Benefits of local manufacturing: The country will benefit in the following ways1) Creation of jobs, development of higher level of skills.2) Development of new technologies, innovation in industry, transfer of knowledge3) Economic development, opportunity for government to document4) Encouragement of R&D culture5) Ripple effect benefits in greater broadband adoption6) Saving of foreign exchange, lesser reliance on foreign countries to fulfill local needs7) Potential emergence of viable specialized logistics catering to manufacturing companies
Benefits of local manufacturing: The country will benefit in the following ways1) Creation of jobs, development of higher level of skills.2) Development of new technologies, innovation in industry, transfer of knowledge3) Economic development, opportunity for government to document4) Encouragement of R&D culture5) Ripple effect benefits in greater broadband adoption6) Saving of foreign exchange, lesser reliance on foreign countries to fulfill local needs7) Potential emergence of viable specialized logistics catering to manufacturing companies8) Wide-spread utilization of IT due to affordability of locally assembles
INDUSTRIES
Unlike other industries in Pakistan which have trade associations to lobby for government support, Information Technology (IT) industry Pakistan remains fragmented & in critical need for state patronage. At a federal level, the MoIT supports the growth of Information Technology & Telecommunication. Given the demand for low-cost voice communication, Pakistan has seen investment in telecommunication sector whereas Information Technology remains is in dire need of nurturing. Recent initiatives by Government of Pakistan to encourage local assembly and manufacturing of Personal Computers (PCs) are steps in the right direction. For these initiatives to be successful, a number of structural reforms are required.