New Dawn for manufacturing: Sharad Kumar Saraf, President, FIEO
Welcoming the Prime
Minister's address this evening, Mr Sharad Kumar Saraf, President, FIEO said
that the initiatives mentioned by the Prime Minister heralds the arrival of New
India.
The Prime Minister sensed opportunity in this adversity and is looking into
path breaking reforms to unshackle the economy to reap demographic dividends,
observed the President, FIEO.
The increasing localisation
is a fall out of Covid-19 across the globe but this will make market access for
exports more difficult.
 |
| Sharad Kumar Saraf, President, FIEO |
However, if we can integrate into the global value
chain, we are up for a quantum jump in exports, said President FIEO.
The stimulus Package should
address both supply and demand side challenges emanating from Corona, observed
Mr Saraf. The credit availability at soft interest rates, reduced tax rates,
infrastructure development would help the manufacturing to start the process
from local to global.
President FIEO said that
Opportunities of investment are knocking at our doors and the PM announcement
has opened the door further. We hope States provide ease of doing business to
realise this. If we miss the bus now, we will miss it for all time to
come.
No comments:
Post a Comment