India Not Supportive Of Local Manufacturing: Prashant Jain
  • Elizabeth George
  • Sep 30 2013

September 30: HDFC Mutual Funds’ Prashant Jain says a weak currency can make manufacturing competitive, but structurally, we need to make land, labour, power, interest rates and raw materials available to industry. We have the resources but our industries are unable to match this with sufficient production, he says. Instead of importing power equipment from China, we could have encouraged local companies, saved forex, created jobs and fuelled the economy, he adds.