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The External Affairs minister recently at a book launch event said that Indian Businesses need to stop looking for a ‘china fix’ and that India cannot be built on Chinese efficiency. Jaishankar said that if India is to sustain and take the economy to a different level India must create a domestic vendor change that a serious manufacturing economy will do.
Jaishankar while speaking at the launch of the book ‘Made in India’ by Amitabh Kant, former CEO of NITI Aayog and Sherpa for G20, said that service sector dependency is an excuse for not building a manufacturing economy. Being a member of the Parliamentary committee for economic affairs, Jaishankar said, they were taking priority for building deep and resilient supply chains which will be needed to boost the manufacturing sector. He asserted that the center’s PLI scheme was a step in that direction.
Cautioning about de-industrializing the nation, he said that in the name of opening the economy and globalization we should not allow level playing field to others who have subsidized their businesses. It would be a ‘suicide’ he said. He said that the Make in India program of the Government was a strategic step in a direction to boost manufacturing.
Dr. S Jaishankar who is known for his bold and fiery speeches in the international diaspora boasted the importance for building a bold manufacturing sector and not allowing ‘other’ businesses to enjoy opportunities at the expense of India.
He also said that though the world is more polarized than ever we can find an opportunity in that. Also India can find an opportunity in the climate crisis.
Going to twitter he said that the book is ‘thoughtful and timely’ which raises important issues and provides a lucid explanation for Atmanirbhar Bharat.
While praising the book as an easy read Jaishankar said that while there are many figures and Data points it is very easy to understand and that it is anecdotal.
The book was launched at India International Center in Delhi.