Nitin Gadkari supports industry to identify areas to boost exports, make India ‘self-reliant’

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Nitin Gadkari (File photo)

NEW DELHI: To promote the effort of ‘Self-reliant India’, Union Minister Nitin Gadkari Urged to recognize the industry on Saturday Sectors Too much dependence on imports, especially from China, and exploring options towards indigenous production to make India a superpower.
Noting that the case study is based on three years of imports and exports, Gadkari said that 70 percent of China’s exports are linked to ten sectors, including electrical machinery and equipment, accounting for 26.09 percent of its exports at $ 671 billion and machinery. Is included. A $ 417 billion computer grab was 10.70 percent of its exports.
Road Transport, Highways and MSME Minister Gadkari while addressing a CII program “India @ 75 Summit – Mission 2022” urged the industry to move beyond metropolitan and developed cities to industries and industries in rural, remote and tribal areas And to lay a web of enterprises. Never caught attention.
“It hurts me that 90 percent of the industry bodies focus on major industries in big cities and metros. There is hardly any focus on rural, tribal and remote areas. It needs to change … Advance sector wise Gadkari said that India needs time to build super power.
Gadkari said that 70 per cent of China’s exports are from 10 regions, and urged CII to identify what has been imported into India and called it ‘self- while assuring all government support in the initiative. How can change from indigenous production to ‘dependency’.
He said China’s exports were $ 100 billion, plastic products ($ 84 billion), vehicles ($ 74.40 billion) and clothing ($ 66.80 billion), in addition to machinery and equipment, furniture and related items.
“CII should identify areas to boost exports and reduce imports. In some areas we have to increase import duty to encourage Indian manufacturers,” he said.
Assuring all possible help to the industry to make rural and tribal areas its hub, the minister said that a wide network of highways, railways and waterways was bound to bring down the logistics cost.
He also said that many initiatives, including redefining the definition of definitions MSME You will get rich dividends.
The minister said that the government is working on a scheme to include the smallest units in the ambit of MSMEs and their micro-financial requirements.
He also stressed the need for upgradation of technology by industry players and urged to explore joint ventures to bring in foreign low-cost capital.
In addition, he urged the industry to come up with a list of obsolete legislation hindering its development so that further steps can be taken to facilitate new ventures.
“There is an urgent need to generate employment, and it can be beneficial to focus on rural, agricultural, tribal and rural areas, including 115 aspirational districts. The goal is to move around 7-8 percent of the population from congested cities to upcoming smart cities Village. ”The minister said.
He inspired the industry to explore investment opportunities along the edges of the proposed 22 new expressways.
He asked the industry body CII to draft a proposal for insurance of highway stretchers, which would eliminate the need for bank guarantee.
“This will accelerate road projects and fund raising, which will speed up the project,” he said.
The minister also said that he was in discussions with the government of Uttarakhand to develop Auli, a famous tourist destination as a world-class venue so that it becomes a place of events like World Economic Forum It takes place in Davos, Switzerland.

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