India considering measures to prevent trade partners from re-routing Chinese goods to India
Reportedly India's government plans to promote the manufacturing of selected products, especially lines in which china enjoys a big share in the global market, as part of efforts to reduce imports and push exports, a cabinet minister said on Monday. In the last few months, the government has announced production-linked incentives for manufacturing of electronics, medical devices and pharmaceutical products while putting restrictions on imports of Chinese products. Since the Galwan clash, india has been working on policies to scrutinize and stymie influx of Chinese goods into the country.
The Directorate General of Foreign Trade (DGFT) announced restrictions on import of television sets late in July to encourage local manufacturing. In the financial year 2019-20, india had imported tv sets worth $300 million from china and $400 million from Vietnam. The total value of imported tv sets during last fiscal stood at $781 million. Meanwhile india is also considering measures to prevent trade partners, mainly in Southeast Asia, from re-routing Chinese goods to india with little added value, according to a Reuters report. This move will mainly target imports of base metals, electronic components for laptops and mobile phones, furniture, leather goods, toys, rubber, textiles, air conditioners and televisions, among other items.
Meanwhile, Chinese smartphones' share in indian marked fell to 72 percent during the june quarter 2020 from 81 percent in march quarter 2020. xiaomi, a market leader in india, is working on a new version of MIUI that will omit its proprietary applications banned by the government.
The Directorate General of Foreign Trade (DGFT) announced restrictions on import of television sets late in July to encourage local manufacturing. In the financial year 2019-20, india had imported tv sets worth $300 million from china and $400 million from Vietnam. The total value of imported tv sets during last fiscal stood at $781 million. Meanwhile india is also considering measures to prevent trade partners, mainly in Southeast Asia, from re-routing Chinese goods to india with little added value, according to a Reuters report. This move will mainly target imports of base metals, electronic components for laptops and mobile phones, furniture, leather goods, toys, rubber, textiles, air conditioners and televisions, among other items.
Meanwhile, Chinese smartphones' share in indian marked fell to 72 percent during the june quarter 2020 from 81 percent in march quarter 2020. xiaomi, a market leader in india, is working on a new version of MIUI that will omit its proprietary applications banned by the government.