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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Haha ...when few mangaloreans who share cmon DNA with Isis and Pakistanis show open solidarity with Pakistan ..they cannot point at nationalist Indians. Papa same DNA share madidru naavu part of ummah chummah ..namma for father's Arab andru saha Saudi nalli ivakke mooji kaasda maryade tikkuji ..haha ...can any body who supports ummah can get citizenship in Saudi ? It means there are two types of DNA ..pure DNA and impure DNA. Hahaha....
Its very much understood that Muslim terrorists are using naxals and ulfa to spread their terror ..becoz they know if they directly engage ..boot licking khangress is not in power ...bjp don't want terror supporters vote and mercilessly it will crack down. ..Bholo Bharath mata ki jai
Shaji, that can not be done in Assam, since the DNA is same ..
Now china or Pak is going to get the blame, as the outsiders are held responsible for Train accidents in India.... Today one Train mishap was averted as the loco driver noticed a iron mould of 380 kilos on the track ......It will be a mystery how the mould of 380 kilos can be placed on railway tracks ....
why indian forces are not given special rights in Assam as they are given in kashmir
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