Skanda Vivek Dhar/Getty Images Sharad Pandey. The power demand and the sales figures of vehicles are a testimony to the fact that the economy of the country is continuously improving

Skanda Vivek Dhar/Getty Images Sharad Pandey. The power demand and the sales figures of vehicles are a testimony to the fact that the economy of the country is continuously improving. If the demand suddenly reaches the old level, it will be a big challenge for the industry to ensure immediate supply. This was stated by uday Kotak, president of the renowned banker and industry organisation CII, in an interview with Dainik Bhaskar. He said that the railway's freight traffic and peak power demand figures are clearly showing that the economy is moving forward.

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Another major improvement is taking place in the automobile sector, where the sale of passenger vehicles and two-wheelers is expected to increase on a year-on-year basis in the month of August. Some sectors have started work-home, but the presence of employees in most sectors is necessary. As per the CII Scon survey conducted on 55 sector, 55% of industries are estimated to work with less than 50% capacity between July-September.


The proposed national infrastructure pipeline will make the industry more competitive and the PLI scheme will encourage initial investment. All these reasons can make the country a new manufacturing hub. However, both the industry and the government will have to take steps. There is already a large-scale manufacturing in India. However, the manufacturing scale is likely to increase manifold. He also answered these questions related to the industry...


Did corona learn any lessons?


The lockdown was necessary, though there was a loss of the livelihood of the logas. It has learnt that important resources have to be designed in such a way that the livelihood is safe and the risk of infection is reduced.


Has the industry made any changes in the strategy?


Yes, the industry has changed its strategy. Most of the companies are shifting from physical operation to digital operation. Tech-based investments may soon emerge as a trade.


What are the expectations from the government of the industry?


The industry expects a partnership with the government to rely on industry suggestions to improve the investment climate. The industries should be expected to accept the suggestions on behalf of the Government and invest after implementation.


How can China compete?


This will have to reduce the input cast and land price. Quality and availability will need to be improved by providing skill training to the labourers. Increasing import duty on goods in imports from China will also be part of a better strategy.


How long will it take for the country to become self-reliant?


It is not necessary to become self-reliant in all sectors, but we should focus on some sectors like pharmaceuticals, medical equipment and safety matters.

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