New Delhi, June 27: The Prime Minister Narendra Modi-led union government of India is not ready to stop all imports from aggressive China in spite of mount calls to boycott Chinese products in India.
The Centre is reportedly considering to stop only non-essential imports from the neighbouring country.
However, the Inward shipment in sectors such as automobiles, pharmaceuticals, certain electronics and others will continue until a domestic alternative is found.
“India will gradually move towards import substitution. It will not happen overnight. In the meantime, attention has to be paid on production and job creation. We cannot throttle our industry. There are certain absolutely essential imports. Needless to say, those will keep going,” official sources said.
Sources said that both the government and the industry are in the process of identifying products that can be domestically manufactured in the medium term. There are certain chemicals, automotive components, handicrafts, cosmetics, agriculture items and certain consumer electronics, which can be manufactured domestically in the short to medium term. The government is doing all it can to raise the capacity of domestic industries.
However, there are certain other imports in the automobile and the pharmaceutical sectors which cannot be done away within the short to medium term. Their domestic production at the moment may not be that cost-effective.
The six-crore strong traders’ body CAIT has been at the forefront of such a demand and has launched a campaign to celebrate Indian Diwali this year with a total absence of Chinese goods.
“Ease of doing business, capital availability at lower rates and globally competitive logistics and energy costs are some of the prerequisites that the government should look into to ensure the growth of the domestic auto component industry,” according to Automotive Component Manufacturers Association of India (ACMA) Director General Vinnie Mehta.
Maruti Suzuki Chairman R C Bhargava said, “People who are boycotting Chinese goods have to remember that in some cases it may lead to their being asked to pay more for the same product."
Meanwhile, domestic rating agency Acuite Ratings & Research has analysed the current import portfolio from China and found 40 sub-sectors have the potential to lower their import dependency on China. These sectors contribute to $33.6 billion worth of imports from China and about 25% of these imports can be substituted by local manufacturing without any significant additional investments.
Comments
Don't worry they will be out soon .. ...so I don't find they have done wrong ...meanwhile jihadis must answer biryani boys aka cattle lifters avre ree Pakistan from of India ..chennai nalli Pakistan zindabad antha idvanthe howda .. Haha ...police navru rubtavrante sariyagi maklige howda....haha
Someone is hiding here... I cant see narayana and groups today... Why guys why?? where are you?? Need your comments on this topic as nationalists are arrested without any reason!!
RSS group noted for terrorism, 99% of them are making easy money by doing terror activities now the time has come to ban this organization.
Leader of RSS is still hiding. Catch the big fish and rest of them will surrender easily.
Let police investigate n expose their full team member name photo all over India n call their backing famous media persons to discuss on rss agenda. Let them decide whether rss is a patriotic or terror group.
Cover the face with Saffron shawl which has their flag. Hand over to NIA.
How the Police gets Arabic shawl when Muslim get arrested? Our Police dept. is more dangerous than these terrorists.
RSS IS TERRRORIST ORGANIZATION. BOMBING , KILLING IS INCREASING IN THEIR ORGANZATION. MUST BAN THIS ORGANIZATION LIKE NEHRU GOVERNMENT BANNED AFTER THEY KILLED MAHATMA GHANDHI.
RSS terrorists
Y cover the face of the REAL TERRORIST.. and KILLERS.
Times up with cheddis deceptions....everything will be exposed
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