India should make it a habit to invest in new sectors: Niti Aayog
India should make it a habit to invest in new sectors: Niti Aayog

Panaji: India's historical mistakes in the electronics manufacturing business, such as entering late after China and other nations had taken the market, should not be repeated in the field of electric mobility, said Niti Aayog Chief Executive Officer Amitabh Kant.

Kant said that India may use its push toward electric mobility to shift its perception from a nation that invests in sunset sectors to one that invests in sunrise sectors, speaking at a roundtable session in Goa to promote electric mobility in India.

"In the last 70 years, India has constantly gravitated toward dying industries. And by the time you get to the dying industries, it's too late. By that time, China and other countries have already seized the market and have the necessary size and scale "Kant made the remarks at a roundtable discussion hosted by the Union Ministry of Heavy Industries in Goa.

"You'll never be able to reach global markets once they have the size and scope. As a result, we're proposing that you get into the future's dawn zones, and that if you get into these areas, you'll become a global champion " he said.

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