Subscribe

0

  • Sign in with Email

By clicking the button, I accept the Terms of Use of the service and its Privacy Policy, as well as consent to the processing of personal data.

Don’t have an account? Signup

  • Bookmarks
  • My Profile
  • Log Out
  • NEWS
  • POLICIES
  • MSME OPPORTUNITIES
  • BANKING & FINANCE
  • TECHNOLOGY FOR SMES
  • SECTORS
  • GLOBAL
  • Investment
  • LEGAL
  • KNOWLEDGE QUEST
  • Future Ready Forum 2025
  • Ek Nayi Udaan
  • Future Ready Summit 2024
  • ADVERTISE WITH US
ad_close_btn
  • News
  • Policies
  • Banking & Finance
  • MSME Opportunities
  • Web Stories
  • InFocus
  • Technology For SMEs
  • Sectors
  • Global
  • Fashion

Powered by :

You have successfully subscribed the newsletter.
InFocus Make In India

Indian Manufacturing Must Never Ignore Quality in Order to Compete with China

author-image
SMEStreet Desk
25 Oct 2016 05:30 IST

Follow Us

New Update
anant geete

Indian Domestic manufacturing sector must gear up to face challenges from China & Robotics technology: Anant Geete, Union Minister for Heavy Industries and Public Entreprises 

NEW DELHI: The public and private enterprises in India’s manufacturing sector must provide quality products at an affordable cost thereby obtaining economies of scale to face challenges posed by China together with latest technologies of automation and robotics, Mr Anant Geete said.

“The era of globalisation has led to cut-throat competition across the world thereby making it a challenge for our manufacturing sector to survive, we need to face up to these global challenges else we might get isolated,” said Mr Geete while inaugurating an ASSOCHAM International Conference on ‘Industry 4.0: Smart Manufacturing.’

He said that though the government felt that pushing the industrial sector will lead to create more job opportunities but the upcoming robotics technology might lead to significant job losses.

He also said that India’s manufacturing sector has been reeling under distress during the course of past few years due to various reasons.

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 and more or less a similar situation is there in the entire manufacturing sector.”

“We need to compete with China which has spread across the world, we need to accept this challenge,” added Mr Geete.

The Minister said that the Prime Minister under the aegis of the government’s 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,” said Mr Geete.

He also assured the industry representatives that the government stands together with them as it will also automatically push various government programs of Make in India, Digital India, Start-up India and others.

Related articles across the web

  • Arun Jaitley Launched, CGA's Web Portal for Pensioners'
China Anant Geete Robotics technology Heavy Industries and Public Entreprises Manufacturing
Subscribe to our Newsletter! Be the first to get exclusive offers and the latest news
logo

Related Articles
Read the Next Article
Latest Stories
Subscribe to our Newsletter! Be the first to get exclusive offers and the latest news

Latest Stories
Latest Stories
    Powered by


    Subscribe to our Newsletter!




    Powered by
    Select Language
    English

    Share this article

    If you liked this article share it with your friends.
    they will thank you later

    Facebook
    Twitter
    Whatsapp

    Copied!