India Cannot Become Next Factory Of World By Copying China: Niti Aayog CEO Amitabh Kant

India can’t develop into the following manufacturing facility of the world by copying China, Niti Aayog CEO Amitabh Kant stated on Thursday, and burdened that the nation must get into dawn areas of development if it needs to be a world chief.        

Addressing a digital occasion organised by trade physique CII, Kant stated India”s personal sector has to set bold targets for itself and deal with inexperienced hydrogen, high-end batteries, superior photo voltaic panels to develop into aggressive.        

“India cannot become the next factory of the world by copying China…We have always got into sunset areas of growth, this is the time to get into sunrise areas of growth,” he stated.        According to Kant, India mustn’t get into areas the place China is already a pacesetter.      

“India has the strongest global companies in the renewal sector…these (hydrogen, high end batteries, advanced solar panels) are areas of technology of growth, if you want to be a global leader,” he famous.        

The Niti Aayog CEO stated Indian Industry must try to develop into lean, digital and put money into expertise, steep improve in company R&D & innovative product improvements to be aggressive.        “The new technology has to be shared, connected and electric,” he stated.        

Noting that disruption attributable to COVID-19 pandemic should be utilized by the personal sector to develop into globally aggressive,Kant stated, “The world is moving towards green technology. The old technology will die, the green technology is the future.”        

He stated India is taking a look at progressive initiatives for lowering prices in inexperienced power initiatives. PTI

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