Highlighting that food processing sector provides a window for generating jobs in rural areas and small townships, Mukherjee said: "Developing this sunrise sector calls for greater investment in infrastructure like cold chains, handling, packaging and transportation."

Even as he called for creating more jobs in non-farm sector, he said efforts should be made to make agriculture a viable and rewarding profession by improving farm yields through intervention of modern technologies.

Stating that India would be in a position to become the world's largest supplier of workforce in another decade, the President said that steps should be taken on skill development and capacity building to take demographic advantage.

"By 2020, the average age of an Indian will be 29 years, eight years younger than an American or Chinese. Not only do we have to find gainful employment to engage our growing manpower, we also have to equip them with capacity and expertise to make this impending demographic dividend count. A skilled working population at par with the best in the world can reap dividends like none other," he said.

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