Indian firms need to become globally competitive, not push protectionism: Amitabh Kant
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Last Updated: Jun 09, 2021, 08:20 PM IST
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“Problem is that Indian manufacturing companies spread protectionism.you are the people who start talking and promoting protectionism. Every time India has grown when exports have grown, and therefore it s very important that India allows global competition to take place and Indian companies must have the guts and the courage to take on global competition, and therefore it s very important that you people do not start promoting protectionism,” he said.
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He advised manufacturing companies to establish the component ecosystem in India by leveraging the benefits of the production-linked incentive (PLI) scheme.
Telecom industry bats for linking public procurement norms with PLI schemes
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Last Updated: Jun 09, 2021, 07:46 PM IST
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“Telecom products are unique and highly customised, making it impossible to manufacture at scale in a single location. Current value addition norms are very high and do not factor in the nascent component ecosystem,” according to a whitepaper published by telecom industry think tank Broadband India Forum (BIF).
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There is also an opportunity to incentivise manufacturing of IoT, M2M and SRD devices through a PLI scheme focused on such devices.
Telecom industry manufacturers and experts have recommended the linkage of India’s public procurement norms with the production-linked incentive (PLI) scheme, to provide market access to global companies who make equipment locally.
Amitabh Kant pitches for FTAs, asks Indian companies to be globally competitive
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India will lose huge opportunities if it keeps out of free trade agreements (FTAs) and Indian companies should aim to become globally competitive instead of adopting a protectionist stance, Niti Aayog CEO Amitabh Kant said on Wednesday.
Addressing a virtual event organised by the Broadband India Forum, Kant said the fear of being flooded by imports from FTA countries is not the correct approach. You first do manufacturing, bring size and scale, become globally competitive so that you can penetrate the global market. Problem is that Indian manufacturing companies spread protectionism, he said.
Use global innovations for self-sufficiency in telecom manufacturing
By IANS |
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As the Department of Telecommunications (DoT) completed the spectrum auction on Tuesday, government receives bids worth Rs 77,814 crore in total, with Reliance Jio being the largest bidder.. Image Source: IANS News
New Delhi, June 9 : The Broadband India Forum (BIF) has suggested global innovations should be utilised to attain self-sufficiency in domestic telecom equipment manufacturing.
In remarks at the release of an industry white Paper on Atmanirbharta in Telecom Manufacturing , BIF President T.V. Ramachandran said: The idea of Atmanirbharta is to leverage the global ecosystem and innovations to build on our competence and grow in sync with the global economy to achieve world class manufacturing and supply chain leadership for India.
Broadband India Forum has said that the new Standard for Interface Requirements for Communication & Broadcast Networks for Fixed-satellite service - FSS/Broadcasting-satellite service - BSS (Mandatory Technical Requirements) standard now .