India cannot become next manufacturing hub by copying China
India has to develop in its emerging areas.
NITI Aayog Chairman Amitabh Kant has said that India cannot become the next manufacturing hub in the world by copying China. Amitabh Kant has said that if India wants to become a global leader, then it has to develop in its emerging areas. During a virtual event of the Confederation of Indian Industry (CII), Amitabh Kant said that India's private sector will have to set an ambitious target for themselves and focus on green hydrogen, high-end batteries and advanced solar plants. So that he can participate in this competition. India cannot become the next manufacturing hub of the world by copying China. We always have to look towards the development of emerging areas. This is the time when you focus on the development of these areas.
According to Amitabh Kant, India cannot progress in those areas where China is already in the role of leader. Amitabh Kant said that India has strong leading companies in many important sectors. These (hydrogen, high end batteries and advanced solar plants) are the areas where there is technological development. Amitabh Kant said that India can become an exporter of both Green Hydrogen and Green Ammonia. He also said that the price of solar energy should come down to Re 1 per unit in the next five years. And so this will create such a situation that India's green products will be cheaper than India's high carbon products.
Amitabh Kant said that Europe and America together are importing about 550 GW of Green Hydrogen and Green Ammonia. He said that India should aim to export at least 200 GW of Green Hydrogen and Green Ammonia by 2030. He said that Indian industries need to be digital as well as invest in skills and be competitive.
Amitabh Kant said that the difficulties that have come due to the Kovid epidemic will not become a cause of hindrance. The private sector needs to be competitive. He said that the world is moving towards green technology and old technology will end. Green technology is the future. India is making best efforts to reduce the cost of projects related to green energy. The Commission is currently working with many states on Electric Vehicle and Green Mobility and the efforts of the states in this direction are commendable.