Organisations have to realise that investment in Human Resource Development (HRD) focussing on workforce as a source of competitive advantage is the need of the hour. This calls for complete overhauling of existing organisations by giving utmost priority for the development of human resource. Trained manpower is badly required not only at the top level but also at the middle and junior levels of the organisation to increase productivity and quality of work and create an environment for excellence and effectiveness in operations. HRD climate and better management styles need to be introduced. Open economy would foster healthy climate for promotion of HRD.