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.
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Along with that, add Drs,vhp,rss,vhp
Every Indian knows that the most terrorist groups in India are RSS/BD/RS and other outfits of sangh parivar. Terrorists from these groups are spreading hatred between different communities and give hate speech, but no action is taken on them.
Why not the PFI, KFD, SDPI, NDF demands or protest against RSS,VHP to ban??? only this people have rights to demand for any organization Ban? Let PFI, KFD, SDPI, NDF make protest and demand for Ban. (for your FYI.. iam not related to any Organization)
Ashok, based on your own argument why cant the Govt ban both BJP & RSS for killing CPM workers in Kerala, murder in various jails and bomb explosions elsewhere in India? Common man have the same standard for the same crime.
Congratulations PFI and KFD. The RSS recommended that you are strong party who are fighting against communalism and goondaism.
They can't digest any one talking or standing against them.
Good Job .
We need just 2 strongest parties in India and rest should be banned once and for all.....no political parties doing any favor for human kind, they are all there to make money for them and their family members and relatives....that is all....if government wants to ban any kachira parties then clean up everything...no need...they are all anti religion and working against human kind...
Joke of the month..
PFI, KFD ok...RSS...Bajrang illa yaake...?
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