IANS | 08 Mar, 2023
Minister of Commerce and Industry Piyush Goyal urged the auto components
industry to reflect on the level of investments and time and effort that
they have been putting in to develop new technology, new designs, new
products and thus help India’s indigenization and localization efforts.
‘It would also help us provide solutions to other countries instead of
being dependant on their R&D for all times to come. Good ideas will
find traction and acceptability both in India and all over the world’,
he added. He was addressing the ACMA’s Atmanirbhar Excellence Awards and
Technology Summit 2023.
The Minister noted that India had entered the Amritkaal and
was leading the world in crucial arenas such as sustainability and said
that the growth of our economy and our businesses would depend upon our
levels of investment in technology and R&D.
He observed that
several sectors and companies were reaping an ROI that was many times
their investment in innovation and R&D.
said that as a nation, if we address the twin challenges of
productivity and quality, India would excel with its technology level,
managerial capabilities, skilled workforce and commitment levels.
focus on these two aspects, India would also excel in price
competitiveness and succeed in meeting the needs of both India and the
world’, he added.
Minister called to attention the obvious synergies between auto
component manufacturing and defence indigenization and urged the
industry to focus their efforts on promoting indigenous manufacturing
and building self-reliance in defence technology.
also asked organizations like ACMA to hand-hold and support startups by
interacting with them, providing them new opportunities, reward and
encourage their R&D setbacks, treating it as stepping stones to
success. Instant success comes but very rarely in R&D.
It is a long
haul but India must go down that path’, the Minister stressed.
Minister asked the auto components industry to also focus on
formalizing the informal portion of the sector to ensure that duplicate
components don’t affect India’s credibility in the world market.
urged the industry to raise their voice against infringement of
copyrights and patents.
He also asked the industry to make an extra
effort to educate their customers on the quality of products, the
life-time costs and the risks associated with low quality products. ‘The
Consumer Affairs Ministry would be happy to partner with you on your
efforts to promote quality’, the Minister assured.
The Minister gave a new definition for athmanirbharta to the industry as not only being self-reliant but ensuring that the rest of the world was ‘nirbhar’ or
reliant on India for their needs.
The Minister brought to focus the
several accolades that India and Prime Minister Narendra Modi had
received from across the world for its decisive leadership and said that
the world was looking up to India for solutions to the daunting
problems of the day.
Goyal said that India would be the next frontier of technology,
development, production, supply and would serve the world honourably,
while respecting the environment and sustainability.
He noted that
sustainability and respect for nature came naturally to us and was
ingrained in our cultural and civilizational ethos. He also asked the
auto industry to make a net zero commitment to itself and set timelines
to achieve it.
Minister asked the industry to ensure that the entire supply chain of
auto manufacturing worked to promote Indian industry by supporting and
empowering suppliers of raw materials and components, even if that meant
incurring extra costs in the short run.
In the long run we will
succeed in creating a robust ecosystem for manufacturing in India, the
Minister added. He asked big companies to narrow down on tier 2 and tier
3 suppliers and see how they could be supported and encouraged.
conclusion, Goyal noted that India was at an inflection point
where myriad opportunities were available to excel. He asked auto
components industry to grab the opportunity and work together as a team,
with all stakeholders, including the government to ensure that all
emerging opportunities are leveraged to become what the world wants it