Secretary-General of the India-China Economic Cultural Council, Professor M. Saqib says that this time of the Corona virus crisis is the time to devise a strategy to reduce India's dependence on China for raw materials. Our dependency on 90 percent raw material of medicines is on China. Mobile and most of its parts are coming from there. Automobile is the third sector whose maximum goods come from China. Import has been greatly affected since the outbreak of Corona virus in China. This is the time that we should consider and formulate a policy on how small and medium industries like China can flourish here. News 18 in conversation with Hindi.






                               Saqib said that usually industry operators keep two months of raw material, yet the supply chain is broken, it has negatively impacted the industries. Since March 23, some factories have started opening in China. I hope that the official production will start there from 7th April. But it is more important for us that we reduce our dependence on any country for raw materials. There are many resources that need to be utilized properly. So that when such a global epidemic spreads, industrial production in our country will not be affected. According to a data given by the Finance Ministry in the Lok Sabha, there was an import of Rs 42,955 crore from China in January, then in February it will be Rs 35,494 crore. left.

What did the government say? 

The Indian government has acknowledged that the shutdown of factories due to coronavirus in China is likely to affect the Indian industries that import raw materials from there. This includes pharmaceutical, electronics and automobile industries. A committee under the chairmanship of the Joint Drum Controller has been constituted by the Pharmaceutical Department to regularly review the availability of stock of medicines and suggest measures for crisis management. Find the source of raw materials for our production in their respective countries. Many missions have shared the list of potential suppliers in their respective countries with the Export Promotion Council.
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