Vice President Hamid Ansari has said that adoption of global standards will improve our productivity and enable Indian companies to access the global export market. He was delivering Dr. M. Visvesvaraya Memorial lecture on 'Enhancing Indian Productivity: Role of Global Standards at the World Trade Centre in Mumbai today.<br/><br/>Vice President said that the major challenges presently facing our economy include an increasing trade deficit, and the need to generate employment for millions of youth joining the workforce. He further said that Indian manufacturing needs to improve in terms of productivity and efficiency to compete in a globalized market. <br/><br/>The Vice President further said that Global Standards are becoming an increasingly important factor in our way of life, ensuring the safety and quality of products and services, facilitating international trade and improving the environment in which we live in.<br/><br/>Invoking Shri M. Visvesaraya Vice President said he was an engineering genius who believed in hard work and perfection and had he been here today, his advice would be to innovate, excel and create things that were world class. <br/><br/>The Minister of Education, Government of Maharashtra, Vinod S. Tawde and other dignitaries were present on the occasion.