In a move aimed at reducing the import dependence on China, the Modi government is finalising plan to identify a list of countries which can act as suppliers of critical components that India does not have the capability to manufacture on its own currently, reports Times Now.
As per the report, the Department of Industry and Promotion of International Trade (DPIIT), under the Ministry of Commerce, is working to draw up a list of low-quality imports from China which can be imported from other countries or manufactured locally.
After finalising the list, the union government will reach out to these countries to enable easy access to these products in the Indian market.
It should be noted that after the recent India-China face-off and bloody confrontation in the Galwan valley, there has been huge demands to boycott Chinese goods. However, government is also well aware that dependence on cheap Chinese imports cannot be done away with overnight and hence is looking at alternative markets such as South Korea, Japan, Taiwan for imports of certain products.
The aim is to pursue a calibrated policy to substitute Chinese imports with those from other markets, at the same time ramping up the domestic manufacturing capabilities.
As you are no doubt aware, Swarajya is a media product that is directly dependent on support from its readers in the form of subscriptions. We do not have the muscle and backing of a large media conglomerate nor are we playing for the large advertisement sweep-stake.
Our business model is you and your subscription. And in challenging times like these, we need your support now more than ever.
We deliver over 10 - 15 high quality articles with expert insights and views. From 7AM in the morning to 10PM late night we operate to ensure you, the reader, get to see what is just right.
Becoming a Patron or a subscriber for as little as Rs 999/year is the best way you can support our efforts.