“Do not depend on Chinese manufactured goods ; promote Swadeshi” - CREDAI urges upon its members

June 19 2020: Standing in solidarity with the nation and as a mark of tribute and respect to the Galwan valley martyrs, CREDAI, the apex body of the real estate sector, representing 20,000 developers Pan India, has urge upon its members not to depend on goods manufactured in China and encourage usage of Swadeshi products. Elaborating further on the initiative Satish Magar, President, CREDAI National said, “We appeal to our member developers not to depend on Chinese goods and embrace “Swadeshi” or “Made in India” way of life and business. CREDAI requests all the 250 allied industries which are linked to the real estate sector to manufacture these products locally especially the ones which are currently being imported from China and support the economy at large.” Due to COVID 19 there is a disruption in supply chain emanating from CHINA which led 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 being used are already being manufactured by the MSME sector in the country. CREDAI is ready to extend its support to the local manufacturers for production of materials which are currently being imported and make a shift 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. About CREDAI:Established in 1999, The Confederation of Real Estate Developers’ Association of India, is the apex body for private real estate developers in India, representing over 20,000 developers through 21 states and 220 city chapters across the country. CREDAI has worked hard to make the industry more organized and progressive by networking closely with government representatives, policy makers, investors. CREDAI works towards improvement of ethical standards & business practices in real estate. CREDAI is well-recognized by the Central and State Governments in all its endeavours. ***