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Gurmeet Chadha Appeals for Support of Domestic Companies
Gurmeet Chadha, the Managing Partner and Chief Investment Officer at Compcircle, has made a heartfelt plea urging Indians to back local businesses. With rising tensions with Pakistan, Chadha’s message resonates during a period of heightened national sentiment.
In a post on X (formerly Twitter), Chadha conveyed, “A request to fellow Indians: let us strive to support domestic companies as much as possible. If you are a manufacturer, consider decreasing dependence on imports from China. As consumers, purchase as much as you can from Indian businesses. Ensure your family is aware of this. Support SMEs. It may seem difficult, but if we manage to shift just 10%, it will accumulate…”
One request to fellow Indians: let us strive to support domestic companies as much as possible. If you are a manufacturer, consider decreasing dependence on imports from China. As a consumer – buy as much as possible from Indian businesses. Ensure your family is aware of this. Support SMEs. It may seem difficult…
— Gurmeet Chadha (@connectgurmeet) April 27, 2025
The post swiftly ignited conversations among online users, who expressed their concerns and hopes for India’s manufacturing landscape.
“Indian companies? Look at this Milton glass bottle I bought; its Country of Origin is China. What prevents Indian firms from producing such a straightforward item? How can India compete with China’s low-cost, high-margin, large-scale production?” questioned one user.
Another highlighted structural challenges, stating, “The issue is we are merely assembling products, whether it’s phones, cars, or high-end machinery. Even in tech innovations, our role is essentially clerical. It is imperative that we acknowledge this and form joint ventures with various Chinese and American companies to facilitate technology transfer.”
A third user emphasised the importance of quality enhancement: “Please also encourage Indian manufacturers to focus on producing quality items. Regrettably, most manufacturers aim to meet mass needs rather than innovate and challenge the status quo.”
Chadha’s appeal emerges at a pivotal moment as India seeks to enhance the manufacturing sector’s contribution to its economy.
Finance Minister Nirmala Sitharaman recently revealed ambitions to expand the manufacturing sector’s GDP share from 12% to 23% over the next twenty years. While speaking at the Hoover Institution at Stanford University, Sitharaman highlighted the government’s initiative to concentrate on 14 sunrise sectors, including semiconductors, renewable energy components, medical devices, batteries, and labour-intensive industries such as leather and textiles.
The Production-Linked Incentive (PLI) scheme has been launched to support these sectors, particularly placing a spotlight on those that deliver notable employment opportunities, including electronics, textiles, and leather products.
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