News
“Do not depend on Chinese manufactured goods; promote Swadeshi” – CREDAI urges upon its members
June 19 2020: Standing in solidarity with the nation and as a mark of tribute and respect to the Galwan valley martyrs, CREDAI, the apex body of the real estate sector, representing 20,000 developers Pan India, has urge upon its members not to depend on goods manufactured in China and encourage usage of Swadeshi products.
Elaborating further on the initiative 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. CREDAI requests all the 250 allied industries which are linked to the real estate sector to manufacture these products locally especially the ones which are currently being imported from China and support the economy at large.”
Due to COVID 19 there is 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. Most of the raw materials being used are already being manufactured by the MSME sector in the country. 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. The sector already employees more than 52 million workforce in the country and this move will further multiply employment opportunities and give the required stimulus to the economy. Additionally, this step will provide a boost to more than 250 allied MSME industries linked with the realty sector and in turn will increase the overall contribution to the GDP.
-
News3 weeks ago
KW Delhi 6 Mall Onboards New Brands
-
News4 weeks ago
Manasum Senior Living Launches IKIGAI GOA, A Senior Living Community in North Goa, in collaboration with Prescon Homes
-
News2 weeks ago
Godrej Properties Sells Rs 3k cr+ Homes of Godrej Zenith, Gurugram, within 3 days
-
News4 weeks ago
Bridging India Divide: Top 5 Tier- 2 Cities to Focus On
-
News3 weeks ago
Commercial Realty Gets Tech Savvy: Fast Construction, Enhanced Convenience
-
News4 weeks ago
Multipoint Connection – A Definite Boon
-
News3 weeks ago
RBI’s Status Quo on Key Policy Rates to Help Maintain the Real Estate Growth Momentum, Say Industry Stalwarts
-
News1 week ago
Olive Announces Dhruv Kalro as Co-Founder