Niti Aayog CEO says Indian companies must become globally competitive

  • Industry News
  • Jun 14,21
Amitabh Kant, CEO, Niti Aayog urged Indian companies to become globally competitive instead of promoting protectionism and complaining about imports via Free Trade Agreements (FTAs).
Niti Aayog CEO says Indian companies must become globally competitive

New Delhi

Amitabh Kant, CEO, Niti Aayog urged Indian companies to become globally competitive instead of promoting protectionism and complaining about imports via Free Trade Agreements (FTAs). He said firms should stop promoting protectionism and complaining about imports via FTAs as he delivered the keynote address at a virtual session by the BIF on ‘Atmanirbharta in Telecom Manufacturing.’ He suggested that it was the right time for Indian firms to start penetrating the global supply chains.

He added that FTAs are a give and take relationship. Indian firms should do manufacturing to bring size and scale then become globally competitive to penetrate global markets. Delivering the keynote address at a virtual session organised by the Broadband India Forum (BIF) on ‘Atmanirbharta in Telecom Manufacturing’, he added that compared to domestic markets, companies can get five times the value in global markets, thus providing a huge opportunity for exports.

He recommended that manufacturing companies leverage the benefits of the production-linked incentive (PLI) scheme and establish their component ecosystem in India. 

The head of India’s policy-making body said India has over 1.2 billion wireless connections and is the second-largest telecommunications market in the world. It is also the fastest-growing broadband market with almost 747 million broadband users.

The country was importing more than Rs 500 billion of telecom equipment. He mentioned that if India does not start manufacturing, the telecom sector will end up having more imports in the next five years than the petroleum sector.

Source – ET Telecom

Related Stories

Electrical & Electronics
Dell cuts 6,000 Jobs globally in cost-cutting move

Dell cuts 6,000 Jobs globally in cost-cutting move

The company attributes this decision to a decline in computer sales over the past two years

Read more
Electrical & Electronics
KEC International secures order worth Rs. 1,004 crore

KEC International secures order worth Rs. 1,004 crore

Cable business secured its first order for supply of Transmission Conductors for EHV networks

Read more
Policy Regulation
Incentives to be offered to steelmakers for using domestic coking coal

Incentives to be offered to steelmakers for using domestic coking coal

The coal ministry said on 13 March that monetization of the Dugda Coal Washery will be held through a transparent competitive auction process and will be awarded to a steel manufacturer

Read more

Related Products

Laser Control Micro Compact Nt

Testing and Measuring Instruments

Blum-Novotest Measuring & Testing Technology Pvt Ltd offers a wide range of laser control micro compact NT.

Read more

Request a Quote

Wireless Remote Control Siren

Testing and Measuring Instruments

Forbix Semicon Technologies Pvt Ltd offers a wide range of wireless remote control siren.

Read more

Request a Quote

Repairing of Time Makes Digital Portable Metal Hardness Tester

Testing and Measuring Instruments

Aqua Excel Chemtest manufactures a wide range of soil test kits. Read more

Request a Quote

Hi There!

Now get regular updates from IPF Magazine on WhatsApp!

Click on link below, message us with a simple hi, and SAVE our number

You will have subscribed to our Industrial News on Whatsapp! Enjoy

+91 84228 74016

Reach out to us

Call us at +91 8108603000 or

Schedule a Call Back