Speaking at a seminar organised by the Confederation of Indian Industries (CII) on the challenges in the manufacturing industry he said, “It is hurts to see that most of the precision equipment used in our factories are imported. However, I will not find fault with importing, as there is paucity of such manufacturers in our country.”

He also underlined that greater emphasis should be laid on scientific research and innovation in order to sustain oneself in a highly competitive world.