In a first by any industry body, CREDAI asks members to use India-made goods
New Delhi: The anti-China sentiments in the country is on the rise and many people have started talking about boycotting China-made products. But perhaps it’s the first time that any industry body is coming forward to ask its members not to use Chinese products. Real estate developers industry body CREDAI asked its members to promote India-made goods and not the Chinese ones.
“As a mark of respect to the Galwan valley martyrs, CREDAI has urged its members not to depend on goods manufactured in China and encourage usage of Swadeshi goods,” CREDAI said in a statement.
The industry body has also requested 250 allied industries to manufacture goods in India and supply it to the developers and construction companies.
CREDAI said that the current corona pandemic has also resulted in supply chain disruption for the goods being imported from China because of which the projects are getting delayed.
If the goods are made locally, there will be lower procurement time, more employment in India and minimal loss of production time.
However, such a directive is by CREDAI to its members is only a formality since almost everything that is used by the industry is made in India, said an expert.
“The directive is just a formality since the construction and real estate industry makes use of items that are made in India only. Some of the small items being supplied by the allied industries is being imported from China but the quantity of imports is really small,” said a Uttar Pradesh-based real estate developer and a CREDAI member on the condition of anonymity.
The realty industry employs about 5 crore people in India.
CREDAI was set up 1999 and has 20,000 members in 21 states and has 220 city chapters.