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
my dear DK people plz throw this chut*ya man to arabian sea...alone with some bootlicking slave like BD,VHP etc.
I think our prime minister dont know the latest result declared of PUC II. may be he came to insult us. Or I think he thought he is in UP where more then 150 schools Is having all children failed where our BJPs star campainer Mr Yogi is CM of that state. Mr Prime minister i think you need a peace of paper from your adviser before you start you lies.
following positions ?
Pakoda manager
pakoda supervisor
pakoda salesman
pakoda engineer
etc.....
Modi dont know how many Jobs he have Created every year, Upon that he is Blaming Congress.. Hahaha What a Joke :D Till now what all Modi promised we didnt get anything and till he is in power people of India will not get anything and will Suffer.
#PakodaBusiness #BoycottChaiwala
People and media should boycott such blabber public programmes
Modiji graduates in karnataka far better than graduates of PAKODAS in your area.
We people dont have Alzheimer's disease. We didnt forget your election speech and your promises. B#####d
Dont you have shame feku..!
You are not fit for PM post. You fit for nothing.. shameless
Joke of the year.. This Feku came to power by promising lakhs of jobs in India. Till now he didnt act for that and he mocked youths by pakoda business statement
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