More articles by

Vijaya Pushkarna
Vijaya Pushkarna

MANUFACTURING SECTOR

China a challenge, says Union Minister Geete

make in India (File) Union Minister Anant Geete (left) along with Prime Minister Narendra Modi and Commerce minister Nirmala Sitharaman

Union Minister for heavy industries and public enterprises, Anant Geete, said on Friday what the people in industry and trade have been saying for years. China is a threat! Survival is a challenge for India's manufacturing sector, given the cut-throat competition in the era of globalisation. Unless we overcome these challenges, we might get isolated, said Geete.

Inaugurating the ASSOCHAM International conference on 'Industry 4.0 Smart Manufacturing', the minister said that public and private enterprises in India’s manufacturing sector must provide quality products at an affordable cost to face the challenges posed by China. He also urged them to adapt the latest technologies in automation and robotics. While they were pushing the industrial sector to create more job opportunities, Geete said that technology, particularly robotics, may lead to job losses in a significant way.

Highlighting how the government came to the rescue of domestic steel industry by fixing the minimum import price for steel, as China was supplying finished products at the cost at which domestic industry gets raw material, he said, “This is how China has been destabilising the domestic steel sector. A more or less a similar situation is prevalent in the entire manufacturing sector. We need to compete with China, which has spread across the world and we need to accept this challenge.”

The Minister said that the Prime Minister, under the banner of the ambitious ‘Make in India’ program, has invited global investors and industrialists to come and set up their manufacturing units here in India. “But our first priority should be to save our domestic industry, including both private and public sector enterprises, as they will play the most significant role in development of programs like Make in India,” added Geete. He assured the industry representatives that the government stood by their side, as it will help provide a fillip to various government programs like Make in India, Digital India and Start-up India.

This browser settings will not support to add bookmarks programmatically. Please press Ctrl+D or change settings to bookmark this page.
Topics : #China | #Anant Geete

Related Reading

    Show more