22.4 C
New York
Sunday, July 12, 2020

Govt’s Crackdown On Chinese Imports Begins, Calls For List Of Imports Replaceable With Ind

Government has asked the list to offer a comparison of the Chinese imports with the prices of domestic offerings.
Continue reading on Swarajya

As Indo-Chinese relationship has sunk to a multi-decadal nadir in the view of the ongoing Chinese belligerence and bloody adventurism along the Line of Actual Control (LAC) in Eastern Ladakh, the Centre has sought a product-wise list of cheap imports to identify which products can be supplanted with local offerings, reports Times of India.

The Government has asked the list to offer a comparison of the Chinese imported products with the prices of domestic offerings and the tax disadvantages attached to the domestic products if any.

The development comes after the Prime Minister’s Office (PMO) had held a high-level meeting to discuss ways to promote Aatmanirbhar Bharat and paring down the import dependence from China.

PMO has also sought comments and suggestions from the industry on a certain set of goods and raw materials which are imported from China. These include offerings like wristwatches, wall clocks, ampoules, glass rods and tubes, hair cream, hair shampoos, face powder, eye and lip make up preparations, printing ink, paints and varnishes and certain tobacco products.

It should be noted that China serves about 14 per cent of India’s import needs and is a major supplier to sectors like cell phones, telecom, power, plastic toys and critical Pharma ingredients.

- Advertisment -

Most Popular

Petr Yan stops Jose Aldo to win vacant bantamweight title at UFC 251

Former two-time featherweight champion Jose Aldo dropped down to the bantamweight division in his last outing at UFC 245 in December losing a razor-close ...

Could Cryptocurrency Applications Change the Future of Digital Payment?

Exchange of value in the form of money and funds has been an essential process since since the beginning. It only makes a difference in how the ways have.

Tottenham boss Mourinho has never recovered from Ronaldo, Ramos and Real Madrid rows

Tottenham boss Jose Mourinho managed the likes of Cristiano Ronaldo and Sergio Ramos at Real Madrid.

The Latest: Nevada lawmakers suspend session over virus case

The latest news and updates from the Associated Press on the coronavirus pandemic from across the nation and around the world.

Recent Comments

%d bloggers like this: