The Confederation of Real Estate Developers Association of India(CREDAI) has appealed it's members not to depend upon Chinese imports and look at improving local manufacturing of all allied products to the real estate industry.
CREDAI (National), President, Satish Magar in a press release has said, "Standing in solidarity with the nation and as a mark of tribute and respect to the Galwan valley martyr's, CREDAI the Apex body of the real estate sector representing 20,000 developers pan India has urge upon it's members not to depend on goods manufactured in China and encourage usage of swadeshi products.
CREDAI has also requested 250 allied industries which are linked to the real estate sector to manufacture these products locally especially the one's which are currently imported from China.
Due to COVID-19, there is a disruption in the supply chain emanating from China which lead 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 used are already manufactured by the MSME sector in our country. CREDAI is ready to extend its support to local manufacturers for production of materials which are currently being imported and makeshift 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"
CREDAI (National), President, Satish Magar in a press release has said, "Standing in solidarity with the nation and as a mark of tribute and respect to the Galwan valley martyr's, CREDAI the Apex body of the real estate sector representing 20,000 developers pan India has urge upon it's members not to depend on goods manufactured in China and encourage usage of swadeshi products.
CREDAI has also requested 250 allied industries which are linked to the real estate sector to manufacture these products locally especially the one's which are currently imported from China.
Due to COVID-19, there is a disruption in the supply chain emanating from China which lead 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 used are already manufactured by the MSME sector in our country. CREDAI is ready to extend its support to local manufacturers for production of materials which are currently being imported and makeshift 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"