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
Ache din ki maa ki aur Modi ki .....
Modi visits all country for yoga publicity.
Why he is silent on protecting cows(hindu god) in foreign country ?
RSS and all hindu Groups should approach foreign country to stop killing their Gods, If foreign country rejects their proposal then they should take actions to boycott foreign goods.
Is there any man in RSS or Hindu group to stop killing of Hindu God in the world ?
Impotent people can bark in their boundary only with their hired media.
After all God is more important than Yoga.
WHO ARE THE JUDGES?
NOW A COW IS SAFE THAN A HUMAN BEING.
AMERICA imports and eats hindu god daily. Why modi is silent on this issue ?
He should approach other country to protect hindu god. Which is weaker by nature.
Impotent justice from impotent people. Expecting justice from idol worshipper is totally wrong.
Kabir Meat exporting company is run by RSS people. It kills millions of Hindu God daily.
Why there is no FIR against them?
Modi has given subsidy to kill hindu god.
If the did kill a cow they do deserve punishment , Did modi make him kill a cow ?
This is called justice....?
Modi Government is trying to get these murderers out from the jail to use them in the upcoming election in Uttar Pradesh....what a tragedy...there is no value for human kind...no humanity left in this country...by hook or crook these crooks want to rule the country....
HEADS UP TO OUR INDIAN LAW,
ACCHE DIN KI CHAMATH KAAAR...
Delay tactics to Justice, so grieved family get fed up by this way...common ppl loose confidence on law system in our country
Why there is no FIR against Sangeet Som who is killing cow every day and exprting under Al Anam and other company name? Can the activists and govt take any action against this guy?
What a joke yar,,,,,,this is the stupid RSS and BJP
A big Joke of the year
Add new comment