|
|
|
|
CREDAI urges developers to lower dependence on Chinese goods
|
|
|
|
| Top Stories |
 |
|
|
|
SME Times News Bureau | 19 Jun, 2020
As the chorus for boycotting Chinese products grows amid the ongoing
border tensions, realty body CREDAI now has asked its member developers
to lower their dependence on Chinese goods and instead turn to the
Indian substitutes.
In a statement on Friday, the Confederation
of Real Estate Developers' Association of India also expressed its
tribute to the Indian soldiers who lost their lives at the Line of
Actual Control.
Satish Magar, President, CREDAI National said:
"We appeal to our member developers not to depend on Chinese goods and
embrace 'Swadeshi' or 'Made in India' way of life and business."
The
industry body also requested all the 250 allied industries which are
linked to the real estate sector to manufacture the required products
locally, especially the ones which are currently being imported from
China.
It also noted that due to Covid-19 there is already a
disruption in supply chain emanating from China which led to delay in
completion of projects. Local production and purchase will lead to
reduced procurement time, minimal loss of production hours and increased
employment opportunities, the statement added.
"CREDAI is ready
to extend its support to the local manufacturers for production of
materials which are currently being imported and make a shift from
'Videshi' to 'Swadeshi'," it said.
The Centre's 'Aatma Nirbhar
Bharat' campaign was already rolled out last month but the recent
anti-China sentiments have given it a further push. Traders'
organisations including the Confederation of All India Traders (CAIT)
have already been running a campaign for total boycott of Chinese goods.
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| Customs Exchange Rates |
| Currency |
Import |
Export |
US Dollar
|
84.35
|
82.60 |
UK Pound
|
106.35
|
102.90 |
Euro
|
92.50
|
89.35 |
| Japanese
Yen |
55.05 |
53.40 |
| As on 12 Oct, 2024 |
|
|
| Daily Poll |
 |
 |
| Will the new MSME credit assessment model simplify financing? |
|
|
|
|
|
| Commented Stories |
|
|
|
|
|
|
| |
|
