India should make habit of entering sunrise sectors: Niti Aayog CEO


Panaji, Dec 4 : India's past mistakes in the electronics manufacturing, like entering the sector late after China and other countries have seized the market, should not be repeated when it comes to the area of electric mobility, Niti Aayog Chief Executive Officer Amitabh Kant said on Saturday. Speaking at a roundtable event in Goa to promote electric mobility in India, Kant also said that India can use its push towards electric mobility to change its perception as a nation which enters sunset sectors, to one which invests in sunrise sectors. "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 at the roundtable meeting in Goa, which was organised by the Union Ministry for Heavy Industries. "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 which use combustion. "One of the lessons we learnt 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 centre 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 centre of manufacturing," he added. /IANS


CryptoWire introduces India's first global index of Cryptocurrencies IC15
New Delhi, Jan 3 : With a view to empowering knowledge on crypto and blockchain ecosystem, CryptoWire, a global crypto super app which is a special bu

Nifty is due for a pause, may even ease in early part of 2022: Report
By Sanjeev Sharma New Delhi, Jan 3 : Even after the GDP bounce-back off the low Covid-19 base, India can manage a 7.7 per cent expansion in FY23 an

Equities trade positive in first trading session of 2022
New Delhi, Jan 3 : The 30-scrip Sensitive Index (Sensex) and broader 50-scrip Nifty at the National Stock Exchange (NSE) traded in the green in early