Steep logistics costs and import duties on raw materials and machines are areas of concern, says Pawan Goenka
The Hindu
“There is a misnomer that because of lower labour costs, Indian manufacturing is very competitive,” says Goenka
Industry players largely want to do what is good for India, even if there may be some exceptions, believes . While the committee is fleshing out sector-specific policy advice, it has also identified ‘horizontal enablers’ that India needs to fix in order to become more competitive across the board, including the cost of doing business. Steep logistics costs and import duties on raw materials and machines, along with over- regulation are also areas of concern, he said in an interview with The Hindu.
Edited Excerpts:
More Related News