SME Times News Bureau | 05 Mar, 2015
Indian businessmen and industrialists should identify
opportunities to increase their share in the world market, especially China
where the economy was doing well, Commerce and Industry Minister Nirmala
Sitharaman said on Wednesday.
In a written reply in the Rajya Sabha, Sitharaman told lawmakers that as China's
economy was not receding, Indian businessmen and industrialists should take
advantage and increase their market share by manufacturing and supplying
quality goods at competitive prices.
"Though no specific study was conducted to identify our export strength
vis-a-vis China, pharma, IT, auto components, agro products, tourism, film and
entertainment are potential sectors for exports to China," the minister
asserted, citing an export-import profile analysis of Sino-Indian trade.
Referring to the prime minister's 'Make in India' global initiative, Sitharaman
told the lawmakers that the government had identified 25 sectors in
manufacturing, infrastructure and services to attract investments from domestic
and foreign investors.