MSME minister urges entrepreneurs to grab opportunity created by closure of plants in China
Union Minister of Micro, Small and Medium Enterprises (MSME) Narayan Rane on Saturday urged Indian entrepreneurs to take advantage of closure of factories in China.
Indian industrialists should start manufacturing the products which are no longer produced in China, he said, speaking at an event at the Entrepreneurship Development Institute of India (EDII) here.
"China is number one in the world in terms of production.
China is leading with 64 per cent share in global manufacturing.
However, many companies are shutting down (in that country)," Rane said. "I have urged large and medium industrialists to capture this opportunity and start manufacturing these products in India," he said.