WEB DESK / New Delhi
Amid growing tension with China following recent face off along LAC in laddkh, the government has sought product-wise details of cheap imports, comparison with domestic prices and tax disadvantage, if any, from industry to curb low quality inbound shipments especially from China and boost domestic manufacturing, reports News18 quoting sources.
They said a high level meeting to discuss ways to promote Atma Nirbhar Bharat (Self-reliant India), including cut in import dependence from China, also took place recently in the Prime Minister’s office.
The exercise to reduce and curb imports from China assumes significance in the wake of border tensions between the two countries that has led to growing demands to boycott goods from China.
China accounts for about 14 per cent of India’s imports and is a major supplier for sectors like cell phones, telecom, power, plastic toys and critical pharma ingredients.
The industry has been asked to send comments and suggestions on certain number of goods and raw materials imported from China, which include wrist watches, 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 some tobacco items, one of the sources said.
The other details sought include import surge data between 2014-15 and 2018-19; domestic prices of similar goods that are made here, domestic capacity, imports under free trade agreements, and inverted duty issue, if any.