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
Moral classes for Immoral activities
Oops..Producing some more minor terriorists,,, we have minor cell,,, No issue,, Upon blessing of Saffron Govt,,, documents missing.. as Malegaon blast.. Samajotha blast,,, Release BHAGYA,,,
70% is Hindu population of the nation and if at least 25% are illiterate, still they are more than peace loving community.
However they have at least other 25% educated in them.
The one and only the best solution is target these educated people in conveying the true religion. When they are with you, India will be peaceful country by force.
After sometime it will be peaceful country without force.
Pardon them Lord. These chaddies are ignorant goons. They do not know the fact that what they are doing is selling Bharat maatha to the West.
first of all who are they to teach (rss) ? are they govt? supreme court should stop this kind of nonsense.
INDIAN LAW AND ORDER MUST FOCUS ON THIS CLASSES AND NEED TO TAKE VIDEOS AND CLARIFY,
BEC WE DONT KNOW WHAT THEY ARE TRAINING TO YOUNG CHILDREN
BEC WE DONT WANT ANY TERROR GROUP HERE IN INDIA ...
Cheddis are controlling even our leaders ... We have recognized their cheddi trained MORALS after coming to POWER...
Please DEFINE what is MORALS to YOU>....
Brain washing classes.
RSS and Moral - you must be joking.....where was their moral when they killed Mahatma Gandhi???
Time has come to vanish this terrorist group from INDIA. Hope peace loving INDIANS will do the same very shortly.
Jai Hind
We are seeing what kind of products are coming out from RSS schools. Bajrangdal, VHP, SRS, all immoral rowdies.
Add new comment