BOYCOTT "MADE IN CHINA": PROMOTE "MADE IN INDIA" PRODUCTS.
Post Covid-19 has made us realize that how India's over dependency to china effect our economy. PM Narendra Modi has taken an initiative called Atmyanivar Bharat not only to strengthen our local manufacturer but also focus on the quality product. India's people raising voice to Boycott Chinese Product in various social media platform issuing the recent face-off between India and Chinese troops in Ladakh regions. It's a big question to the Indian people, is it possible to Boycott Chinese product completely?.
“When buying a new product, what would be your preferred choice"?
a) Economically priced Made in China product.
b) Competitively priced Made in India product.
MAKE IN INDIA -1.0
Make in India’s first version was launched in 2014. India has primarily become an assembly hub in industries such as mobile phones , lighting and consumer electronics. In other words, manufacturers assembled products from imported electronic components to satisfy domestic demand Assembly created jobs.
ATMYANIRVAR BHARAT ABHIYAN
The new version of Make in India seeks to protect domestic manufacturers and push them up the value chain. Atmyanirvar Bharat is likely to press the accelerator on vertical integration , where the component supply chains are coerced to be local because of import substitution. Last year China suddenly increased the prices of pharmaceutical intermediates by 30-40%. India used to make everything from scratch. Then, our pollution norms started getting tougher and we found it easier to buy from China around 1985-90s.
INDIA TO BECOME SELF RELIANT GOVERNMENT MUST PLAY THE ROLE OF FACILITATOR
India's poor infrastructure and inefficient logistics lead to higher costs. Besides logistics, disabilities in India include higher cost of finance, lack of quality power land & labour reforms. India should take a quick action on these problem to attract the companies which are recently plan to shift their manufacturing plant outside china.
WHAT SHOULD BE THE FOCUS AREAS FOR INDIA?
The focus obviously is on sectors that can provide plenty of jobs. Textiles is one industry where we should be able to make for ourselves and the world. The other sectors to focus must be leather and the footwear (because it involves small companies), furniture, agricultural/marine products and electronics (runs up an enormous import bill here. India is well positioned to host new investments in Pharmaceuticals, medical devices, automobiles, capital goods, electrical machinery, chemicals and petrochemicals, plastic.
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