Niti Ayog CEO: India needs to change its perception towards sunrise sectors
Niti Aayog Chief Executive Officer Amitabh Kant said on Saturday that India should not repeat past mistakes when it comes to the area of electric mobility. Kant said that India can use its push towards electric mobility to change its perception as a nation that enters sunset sectors, to one which invests in sunrise sectors.
Kant was addressing a roundtable event in Goa, organized by the Union Ministry for Heavy Industries which was aimed at promoting electric mobility in India.
India’s past mistakes in electronics manufacturing, like entering the sector late after China and other countries have seized the market.
“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.
“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 that use combustion.
“One of the lessons we learned 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 center 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 center of manufacturing,” he added.
[With Inputs from IANS]
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