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
The biggest weapon of RSS is spreading lies and hatred. Who can stop that N Bomb?
Oh this big mouth minister from Left, I being a person from Kerala really know truth. CPIM uses their offices and politcians house to store arms. CM Vijayan and this fellow wanted to have special darshan tickets in Sabarimala and when it was shot down.... all this stories
Raid all mosques, churches and temples and check for arms
Bamboo Sticks/ Lathis are not Weapons. Donot get Bogged down. They cannot use weapons to hurt. They just open their mouth and shout
Time for Hindus to take back Kerala and Kashmir.
Chief Minister should order police raids on these arm stores and recover the arms, and install CCTV cameras to monitor the activities round the clock. CM needs to substantiate his allegations with proof. I fully agree with his view that no religious ceremony should take place during any official function, it has no place in secular democracy. Our constitution gives every citizen right to practice religion of his or her choice freely but not at state level. State has no religion.
Here is a Minister for Temples Administration. He defines a temple as a centre for traditions and beliefs. Sorry Comrade , a temple is a place for worship of God. If it is only a place of tradition and faith, there is the danger of it being appropriated by the communist Party, which has both tradition and faith. No temple in Kerala will allow storing of weapons within, may be in its offices or quarters of staff. Is it a plan for the commies to violate the sanctity of the temples?
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