New Delhi. In view of China’s suspected role in the Corona epidemic, small businesses are now preparing to import machines and technology from China. The businessman is not in favor of importing goods from China for the next year. He also fears that in the environment created against China, ordinary consumers may reject Chinese goods. This trend of traders may reduce imports from China.
Traders who brought goods from China and sold them in India are now thinking of taking the risk of manufacturing that item in the country itself. One such businessman, Nitin Agarwal, said that he used to visit China at least three times a year for business. But after the COVID-19 outbreak, they would avoid going to China for the next one year. He told that many businessmen like him will not order Chinese businessmen over the phone because Chinese businessmen have lost their trust all over the world.
Cosmetic goods businessman Deepak Arora said that in the post-19 Kovid environment, hundreds of businessmen like him are preparing to get machines and technology from China instead of getting finished goods to end our dependence on China.
Traders said that given the perceptions that people are making about China, the sale of Chinese goods will definitely be affected. Traders said that now people will buy goods manufactured in India at a very expensive price and if 50 percent import from China is stopped for the next one year, then domestic manufacturing can get at least $ 30-35 billion in work. is. In 2018, India imported $ 76.87 billion from China, while India exported $ 18.83 billion to China during this period.
Between January and November last year, $ 68 billion was imported from China, while India’s exports were just $ 16.32 billion. China does not allow Indian IT and pharma companies to sell products in their markets. India exports light items like cotton, yarn, fabric, metal, stone. At the same time, China imports things like telecom equipment, TVs, electronics items, nuclear reactors, boilers, machinery parts in our country.