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India should make habit of entering sunrise sectors: Niti Aayog CEO
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SME Times News Bureau | 05 Dec, 2021
India's past mistakes in the electronics manufacturing,
like entering the sector late after China and other countries have
seized the market, should not be repeated when it comes to the area of
electric mobility, Niti Aayog Chief Executive Officer Amitabh Kant said
on Saturday.
Speaking at a roundtable event in Goa to promote
electric mobility in India, Kant also said that India can use its push
towards electric mobility to change its perception as a nation which
enters sunset sectors, to one which invests in sunrise sectors.
"In
the last 70 years India has always been getting into the sunset areas
of industry. And by the time you get into the sunset areas of industry
it is too late. By that time the Chinese and other countries have
already taken the market and they have the size and scale," Kant said at
the roundtable meeting in Goa, which was organised by the Union
Ministry for Heavy Industries.
"And once they have the size and
scale you'll never be able to penetrate global markets. Therefore we are
saying that you get into the sunrise areas of the future and these are
the areas if you get in you will become a global champion," he further
said.
Kant also said that only those countries which opt for the
digital and environment-friendly path would attract investment in the
future.
"Those countries that go digital and go green will
attract valuation and attract investment and those that do not go green
and digital will go dead. There will be no future for those countries.
This disruption is absolutely clear," he said, adding that by the year
2025 there would be no two and three wheeler vehicles which use
combustion.
"One of the lessons we learnt was that in mobile
phones, the market grew in India but we became import dependent. What we
learned in solar, the market grew in India but we became import
dependent. Let us not make that mistake in the world of mobility," he
said.
"We must make India the centre of manufacturing both for
the Indian market and for the rest of the world. And that is now
dependent on all of you and makes the states of India the centre of
manufacturing," he added.
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