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    More trade bodies join campaign to boycott Chinese goods

    Synopsis

    Sunil Sharma, General Secretary of International Society for Small & Medium Enterprises said that there is a need to implement certain short- to long-term plans to reduce our import dependence on China.

    AP
    Pune: The campaign to boycott Chinese goods has gained momentum with with cosmetic makers, transporters, cellular phone companies promising support, the Confederation of All India Traders (CAIT) said on Thursday.

    CAIT National President BC Bhartia and secretary general Praveen Khandelwal announced the formation of the joint initiative and said different sectors of the Indian economy had joined hands in the campaign.

    The organisations that have joined CAIT’s campaign include Indian Cellular and Electronics Association,(ICEA) Rashtriya Kisan Manch,(RKM) Consumer Online Foundation,(COF) All India Transport Welfare Association (AITWA), International Society For Small & Medium Enterprises (ISSME), MSME Development Forum (MDF), All India Consumer Products Distributors Federation (AICPDF), All India Cosmetics Manufacturers Association ( AICMA), North East Development Forum (NEDF) and Women Entrepreneurs Association of India (WEAI).

    Pankaj Mohindroo, Chairman of ICEA said mobile handset manufacturing eco-system saw growth of 1100% in value terms during 2014-19, while exports grew about 3000% during 2016-19. Even components manufacturing showed an exceptional growth trajectory.

    “From a mere 2 manufacturing units in 2014, today more than 200 manufacturing units are operating in this segment and generating direct and indirect employment of more than 7 lakh jobs.

    Share of imported handsets over the total domestic consumption dropped from 78% in 2014-15 to less than 3% in 2019-20, he said. “Similar success in electronics industries such as IT hardware, components and core components of electronics goods, consumer electronics, Fibre Optics, IoT products etc. will be seen in near future,” said Mahindroo.

    SupporSting the call of boycott chinese products, Naresh Sirohi, President, Rashtriya Kisan Manch said that for Self reliant Bharat, the rural economy of India needs to be augmented.

    Pradeep Singhal, Chairman of AITWA said that the transport Industry will extend all support to this movement and has decided to boycott all Chinese components used in running of trucks. “We will ensure that manufacturers of trucks also move over to indigenous sources,” he said.

    Sunil Sharma, General Secretary of International Society for Small & Medium Enterprises said that there is a need to implement certain short- to long-term plans to reduce our import dependence on China.

    “Till the time India becomes self reliant, the Countries like Hong Kong, Vietnam, Japan, Korea, Mexico, US and certain European Countries could be tapped as alternate import sources for raw materials and some critical electronic, vehicular and pharmaceutical components as well. Import of finished goods be taxed at the highest rate, and raw materials at the lowest, to boost domestic production and control selling prices.

    Also, existing GST rates should be lowered to promote most labour-intensive industries like firecracker. Apart from that, the government should ensure proper implementation of Public Procurement (Preference to Make in India) Order, 2017,” he said.
    (Catch all the Business News, Breaking News Events and Latest News Updates on The Economic Times.)

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    3 Comments on this Story

    Dipen Bezbaruah42 days ago
    This is the right time to transform India a manufacturing hub and self reliant country. Such opportunity, if missed, will not come back. Do it with patriotic zeal.
    Sudip Dash42 days ago
    Very good initiative. If we all decide boycotting Chinese products, surely we can.
    Navin Nath43 days ago
    Boycott Chinese Products, Boycott Made In China,
    The Economic Times