Production Sector Should be More Active, Says Dr Shashi Tharoor

KOCHI:
Dr Shashi Tharoor, MP, said the lifestyle of people and the real estate sector will have a drastic change after the Covid-19 pandemic.

Addressing the webinar hosted by Credai Kerala about the new challenges, way forward and opportunities, arising out of the impact of COVID 19 Pandemic, Tharoor said that the country can move ahead only through the growth in production sector and priority should be given to the industrial clusters, production and construction to achieve this goal. Covid-19 had a great impact worldwide and several people are in poverty now. The
global trading is worstly affected and we should be able to face the challenges of the changes which will come after Covid-19, he said.

Though several countries have decided to break the trade ties with China, they are dedicated to overcome all these challenges to become the leader in production. He pointed that real estate sector was also badly affected and projects at the urban areas alone could not overcome the situation as work from home culture is slowly gaining momentum.

The broadband network should be strengthened and we should change into virtual reality and there should be a long term vision. More investment is needed in the healthcare sector and more factories should be established to improve the condition of the production sector. India should take the advantage of several companies leaving China. When 53 companies decided to leave China, only three have shown interest to invest in India. India should be converted into a investor friendly country, he added. Credai vice-president Boman R Irani was the moderator.