Thursday, May 23, 2024

Indian Industrialists & Politician’s stands for India: is it the end to Chinese dominance?

China today stands as the major exporter on the world map, every country is somehow heavily dependent on China. Cost-cutting is where the Chinese have been making an advantage over its competitor countries.

How long, how far is will this competition lead to? Would China still be the leading supplier? These are some of the questions that haunt us or motivates us to overcome the challenges as responsible citizens. Recently some of the Indian Industrialists have taken a stand for not depending upon China. Here’s to what they’ve to say?

Anand Mahindra:

Anand Mahindra, chairman of Mahindra Group, said on Tuesday, I suspect this comment might well be the most effective & motivating rallying cry that India Inc. has ever received. Thank you for the provocation. We will rise to the occasion.

Parth Jindal:

Parth Jindal, managing director of JSW Cement, said on Thursday that the JSW group, promoted by his family, would be bringing down its imports from China to zero within two years. The JSW Group has a net import of $400 million from China annually and we pledge to bring this down to zero in the next 24 months,” he tweeted.

Ashwani Mahajan:

Ashwani Mahajan, National Co-Convener of Swadeshi Jagaran Manch, an Indian political and cultural organization. He said on Wednesday, The investment that has been made by China in India is only 6 billion dollars in comparison to our foreign exchange reserves which stands at 500 billion dollars, he explained. It is the best time for India’s venture capitalists and industrialist’s to establish our hegemony and kick out China,” Mahajan suggested.

Earlier, the Indian Railways had also terminated a contract worth Rs.471 crore with a Chinese company. A few days back, BSNL had announced that they will terminate the contract with a Chinese company to set up 4G services. The Department of Telecom has also decided not to let Huawei to take part in 5G spectrum testing.

Well, it is just a beginning to an Aatma Nirbhar Bharat Abhiyaan, the world awaits to see the change.

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