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{/googleAds} To achieve this target the country has to focus on innovation Simplified Laws and  a developed support system for industries. Jayakumar was addressing an Industry Guest Lecture on 'Systems & Process Design to facilitate Industries Leverage Technology, Opportunities and Partnership' at the Mangalayatan University.

Half the population at present was under 25 years of age, he said. This presented tremendous potential and scope for development. "We just need a focus on developing our manufacturing sector. There is a need for structural change, nurturing an industry friendly eco system and making Indian manufacturing sector more competitive.

While elaborating the role of indigenization he urged young innovators to translate ideas into products and fulfill the needs of mass market in India.  'Analytical minds plans in advance. They must have control mechanism, feedback and evaluation system for sustained growth. Jayakumar discussed various methods to tap the potential in various sectors such as transportation, energy, strategic sector and livelihood.