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.
Police used mild force to disperse the protesters in which some of them received minor injuries.
Comments
Good Treatment to Swami, appreciated...ha...ha..ha............
When the mind is empty about the knowledge of the CREATOR , YOU all will find people like SWAMY & their fans spread the hatred & support the EVIL without the knowledge of accountability of the DEEDS with the Creator. When we live in FALSE ideology - we tend to do INJUSTICE to the innocent and OPPRESS them...
Dear Swami and his fans should learn more about the CREATOR of all that exists.. who created the SKY without any Hole in it.. Please look up the SKY, try to find a whole .. LOOK Again try to find a hole... and then PONDER and think on the creation... The CREATOR will guide those who Ponder on his verses...
QURAN asks human to think & PONDER on the verses of the QURAN. and implement and research with the LIFE which ALLAH has given us... Many Scientist have already proven & accepted the word of ALLAH and with their deep study they are PROVING its the word of GOD which is FAR FROM IMPERFECT -- Praise be to ALLAH alone who created the heavens and earth...
Subbu Swamy...Deserves These kind of welcome...Don't Throw good tomatos.Throw only waste. Otherwise he will catch & cook it.
Why swami never tell about vyapam scam, chiikki scam, food scam, lalit modi scam? He only shows at others. First let him look into his own party memebers
An insult to rotten eggs and tomatoes. Swamy need stonewash.
indian Drama Leader,
FreeSpeech is the private property of Marxists on JNU campus -- not open for Ramdev or Subramanian Swamy.
Unlike Kanaiyah.....he survived.
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