New Delhi, Nov. 19 -- Union commerce and industry minister Piyush Goyal on Tuesday asked India Inc to focus on four broad dimensions-augmenting domestic manufacturing, skilling youth, creating an investor-friendly ecosystem, and scouting for cutting edge technology-to achieve 'Viksit Bharat' (developed India) goals by 2047. Addressing the curtain raiser event of the Federation of Indian Chambers of Commerce and Industry's (Ficci's) 98th annual general meeting and convention, he urged leaders to achieve self-reliance in goods that can be made in India competitively, and cautioned them about supply-chain vulnerabilities. There could be some products where manufacturing might not immediately be competitive and in such cases, he said, it may be okay to get a few products from outside India until local manufacturing capacities are developed. "But this comes with a caveat," he said, urging them to assess their supply chains for vulnerabilities and advising them not to be dependent on any one geography or one supplier. "Is there a concentration of dependence which can hurt your production capabilities?" he asked, reminding them of the weaponisation of trade. "We really need to be extremely cautious and conscious," he added. For example, Goyal pointed at the pharma industry's vulnerabilities for import of active pharmaceutical ingredients (APIs). Speaking about his second point, he said: "Can we look at converting the millennia children, the Amrit generation as we call them, all the kids born after 2000, into a skilled workforce, talented skilled workforce of consequences?" There is a "huge demand for good people," he said. "But, skilling them in the right direction, not just making everybody a job seeker," he stressed, citing an example of Germany where a skilled worker trained on the shopfloor of a plant gets a higher salary than possibly an engineer passing out from the college. The third dimension that can help India become a developed nation by 2047 would be to create an investment-friendly ecosystem, which the Prime Minister always talks about, he said....