| Date: |
20-12-2014 |
| Subject: |
'Exports must for making India manufacturing hub' |
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In a veiled criticism of RBI Governor Raghuram Rajan's comments on 'Make in India' campaign, top government official today said the country can become a manufacturing hub only if exports grow and not just by producing for domestic consumption.
"All of us must be absolutely clear that India can become a great manufacturing nation if exports grow and they must grow rapidly. Exports (will) grow if all of us realise the significance and importance of exports," Secretary, Department of Industrial Policy and Promotion (DIPP), Amitabh Kant said.
"You never make goods only for domestic market. No manufacturer across the world does only for the domestic market. You do it initially but then you expand, you grow and penetrate global markets and thats what a true businessmen is supposed to do," he added.
India's share is very low in the global trade, Kant said at a function organised by industry body Ficci that .
Source : moneycontrol.com
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