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
Who is mother in law ?
\ Beary\" is grand papa"
Konkani is your mother in law....
hi..
kannada is mother, tulu is father.. then who is cow? not anymore Gomatha????
India is Mother,
Cow is Mother,
Karnataka Is Mother,
Father only one TULU...
Iddu yentha vipariyaasa kanri. Thai ge belene illwa kanri.
Kandu kandavarennalla Thai Antharalri Ivaru...
Adakke kanri namma VIREN Sahibru Thai land nalli kuthiruudu.
Humans have their own human mothers
Animals have their own mothers
COW is the mother of CALF
U Were silent When Cheddis were killing the human in the name of Cow mother
Please dont make another fake mothers to create trouble in the society
People have started thinking now
They dont want FAKE MOTHERS
They want to take care of their OWN MOTHER who gave birth to them...
WE RESPECT U BUT please dont think WE ARE ALL STUPID TO FOLLOW WHATEVER U SPILL...
IS IPHONE 7, WHICH RELEASED YESTERDAY, IS ALSO UR FATHER??
iphone 7, the father is released yesterday.
:)......
Please do not add one more to ur parents list. We are confused what and who are your parents.. Already there are many.. now pls do not add more..
I thought Cow is ur mother. totally how many mothers and fathers u people have.
Kannnada occupied mother's place. What about poor cow? fed up with cows?
Joke of the day!
Mother, Father.
Mother, Father.
Mother, Father.
Each and everything is a Father or Mother.
But, finally ignore real mother and father.
They end up on roads or old age homes.
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