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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Looking at the arguments by Naik supporters it is not difficult to understand why he has billion followers..This world has more FOOLS than the intellectuals. All the bad things attracts more people.. this is the general law. These are the same people dreaming of going to heaven to enjoy 72 virgins while creating hell in the real word. The whole world laughs at their logics...Hahaha.
I think Arnab by now saw his videos in full context ... He and the indian media is silent...
I dont know how many of them are misguided by this cheddi reporter and make enemy the TRUTH.
I feel pity to cheddi member who doesnt use their intellect and watch the videos in full context so they could be spared from ignorantly harming others without knowledge which will be judged infront of the CREATOR who created U me and all the exists including the enemies of TRUTH.
Next, home minister will send inspection notice to RSS ???
If Dr. Zakir Naik is on right path, nothing will happen to him, his noble work and his organisation, in sha Allah. May Allah keep him on right path and teach good lesson to the enemies of right things.
Dr. Zakir Naik has got Billions of followers....he teaches how to get to right path towards peace....
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