You are here: Home » PTI Stories » National » News
Business Standard

Industrialist Sajjan Jindal urges govt to strengthen domestic manufacturing sector

Press Trust of India  |  New Delhi 

India needs to strengthen domestic manufacturing capacity in various areas, including antibiotics, to reduce dependence on China, industrialist Sajjan Jindal said on Wednesday.

Almost entire requirement of raw material required for antibiotics is imported from China, which means that it controls the Indian market for antibiotics, the JSW Group chairman said in a statement.

"India should not become a victim to the Chinese strategy of incapacitating the critical sectors of our economy. It is high time the government acts on strengthening and expanding the manufacturing sector," he said.

In a country like India, where the population is large and consumption is huge, "we cannot become slave to Chinese dominance," he said, adding the country needs a firm policy to protect the manufacturing industry from such predatory tactics.

China, Jindal said, exploits its manufacturing scale to manufacture goods of critical importance and then dumps it into other countries at an undercut price which makes the local industry unviable and they are forced to shut operations.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, February 12 2020. 21:02 IST