Nitin Gadkari asks industry to upgrade, expand import sources to attract investment

NEW DELHI: India needs to undertake technology upgrade and import substitution to attract investment from global companies seeking to exit China due to COVID-19 outbreak, Union minister Nitin Gadkari he said Saturday.

The minister has been urging the industry to capitalize on the growing hatred of China amid a pandemic.

Interacting with members of the Ladies Ficci Organization in a webinar, the Minister of Road and Highway Transport said that recommendations for another great package have been shared with the Prime Minister and the Minister of Finance, and said he expected a statement. soon .

Gadkari also expressed his confidence that 25 lakh of MSMEs will be restructured by the end of the year.

the Reserve Bank of India (RBI) extendió la reestructuración de the esquemas de deuda más allá del plazo del 31 de marzo de 2020 al 31 de diciembre de 2020.

Al observar que las grandes industrias de naciones como Japón, EE. UU., Alemania y otras naciones europeas ya no quieren tratar con China y quieren sacar sus negocios del país, el ministro lo calificó como una oportunidad de oro para la industria y the empresarios indios. .