The Narendra Modi government’s call to come and make in India does not suit the present day world scenario, felt economic analyst and JNU Professor C.P. Chandrasekhar.
India is inviting investments so that the products could be exported but this might not be possible since the recession world over was still continuing. Instead of planning exports the need was to strengthen the domestic market, Prof. Chandrasekhar said while speaking at a national seminar on role of industrial sector in development of Andhra Pradesh, organised by the CITU.
To make the domestic market strong wages and salary aspect must be taken care of so that people would be able to buy. The idea was to make India a labour-intensive manufacturing hub to use the local cheap and disciplined labour and replace China which was left with no more cheap labour.
Corollary of the policy was the need to invest in infrastructure and skill development and a disciplined labour force was required which was ready to accept lower wages and conditions at the work place and to facilitate this demand for amending the existing labour laws to make them flexible, he said.
Prof. Chandrasekhar regretted that when a rethink on strategies was needed the industrial future was being handed over to the international industrial giants.
All-India president of CITU A.K. Padmanabhan sought changes in the industrial policies since they were in nature not only of jobless growth but also job-loss growth. The policies must always benefit the people, he stressed.
Vice-president of State CITU Ch. Narasinga Rao presided. Director (finance) of Visakhapatnam Steel Plant T.V.S. Krishna Prasad, General Manager of BHEL Phanindra Kumar, MLC M.V.S. Sarma, and others spoke.
When a rethink on strategies is needed, the industrial future is being handed over to global giants, says JNU professor
