December 23, 2024 10:11 pm (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
Indian New Wave Cinema Architect Shyam Benegal dies at age 90 | Cylinder blast at a temple in Karnataka's Hubbali injures nine people | Kuwait PM personally sees off Modi at airport as Indian premier concludes two-day trip | Three pro-Khalistani terrorists, who attacked a police outpost in Gurdaspur, killed in an encounter | Who is Sriram Krishnan, an Indian-American picked by Donald Trump as US AI policy advisor? | Mohali building collapse: Death toll rises to 2, many feared trapped for 17 hours | 4-year-old killed after speeding car driven by a teen hits him in Mumbai | PM Modi attends opening ceremony of Arabian Gulf Cup in Kuwait | Jaipur gas tanker crash: Toll touches 14, 30 critical | Arrest warrant against former cricketer Robin Uthappa over 'PF fraud'

MSME Minister Nitin Gadkari asks entrepreneurs to take advantage of anti-Chinese sentiments to attract business

| @indiablooms | Apr 26, 2020, at 11:35 pm

New Delhi/IBNS: Union minister Nitin Gadkari has said Indian manufacturers can take advantage of the current anti-Chinese sentiments by manufacturing items for which India is largely dependent on Chinese imports, media reports said.

Road and Highways, MSME minister Nitin Gadkari on Saturday pointed out the "great hatred" against China and that many countries do not want to import anything from there anymore due to Covid-19 scare.

“There is a great hatred against China. No one wants to deal with China and many countries also don’t want any goods from there. You all must be aware of the Japanese PM announcing a package for their industries which want to shift base from China to other countries. There are similar indications from the US government,” Gadkari said in a web-based interaction on Saturday with 

CEO Club of India, reported Times Now.

He said many countries want to move out of China and diversify their base and Indian entrepreneurs should utilise this situation.

This situation is a blessing in disguise for India, Gadkari said in another interview with CNN-News18. "This is the time for India to get into joint ventures with foreign companies," he opined.

Meanwhile, the Japanese government has announced financial package for its companies to shift their manufacturing plants from of China. American company Apple is also planning to shift its manufacturing units from China and so are several other companies, said reports.

"I am confident that we will get a response from western countries, particularly from the United States, the United Kingdom, Italy and France," he said. "India will be a good destination for foreign investment due to the availability of skilled labour and the low cost of land," he added.

Reports said the Prime Minister’s Office, Niti Aayog and the Department for Promotion of Industry and Internal Trade are working out a plan to offer incentives to companies planning to shut down business in China in order to encourage them to set up plants and offices in India.

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.