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
O Bharath Priya first you hoist tricolor flag in RSS office then you can talk about Bharath Matha Ki
Barking dog never bites n it proved barking for certain period.
Israel backed training will not work in India. Even though they kill their own leading person for the benefit. Major peace loving Indians around the globe know what is rss n what is their trend. They never come in front line they use sword & gun with the help of innocent third person. They always use third innocent persons shoulder and hand to spread communal clash.This moochkanda is the example to all public.
Dear all never trust or believe his foolish statements.
We are and we will be one.
First host Indian flag at all Rss units all over india, then ask others to chant Bharath......Jai. Don't try to fool educated younger generation.Keep your advice upto modi and team.Can you please replace full pant with half pant for your cadre, its too old fashion.
No need to teach your blind belief to others we all know to love our country. Our acts shows the love of country. Country is a country a nation that's it can't be a women or God , god created this world so we say ' God is great' ....
You can only advice but not compel....
And just by saying this would not prove your patriotism
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