China Import

Move is in line with govt's 'Atmanirbhar Bharat' objective

Referring to the recent clash between Indian and Chinese troops in the Galwan Valley, he said the action is a result of what China did on Indian soil

The companies globally had started to get independent from China, as it was not necessarily getting cheaper for them, said Signify Innovations

Both HRC and rebar prices were down 3 per cent and 4 per cent month-on-month respectively in mid-June

The electric equipment industry, in its representation to the ministry, had earlier flagged the threat of cyberattacks by China

Foxconn's customs clearance for cargo logistics in India has been resolved and all local regulatory procedures have been complied with, Foxconn said in a filing to Taipei stock exchange

While the firm's defence division does not import from China, its other businesses source products from that country.

"The rationale for the June 30 midnight deadline is not very clear," said a government official.

This comes after a week of economic disruption caused by introducing stringent scrutiny, resulting in shipments originating in China getting held up at Indian ports.

Over a quarter of India's auto part imports - worth $4.2 billion - came from China in 2019, according to the data from Auto Component Manufacturers' Association of India (ACMA).

He also called for a comprehensive understanding of the circumstances and taking informed decisions on the pros and cons of importing from China before being swayed by sentiments

In 2018-19, India imported auto components worth $17.6 billion, of which 27 per cent -- $4.75 billion -- were from China

She wondered if importing household products used everyday like a soap-box, plastic items or incense sticks used for pooja purposes would support self-reliance

The L&T chief added, "We can drastically reduce our dependency on imported products including those from China by putting processes and systems in place"

In a Q&A, the director of NIPFP, who steps down in August, dwells on his reasons for quitting and his future plans,

Sources said a high-level meeting to discuss ways to promote Atmanirbhar Bharat, including a cut in import dependence from China, also took place recently in the Prime Minister's office

Economists had forecast that exports would shrink by 11% while imports would contract by 10%.

Market prices have risen by 8-10% due to huge decline in the quantities China had been dumping into the country prior to the outbreak

PHDCCI President D K Aggarwal said disruptions in the global supply chains will not only hit China's exports but also the exports of the importing countries

Dixon Technologies, Havells India, Voltas and Cipla are some of the Indian companies that could face issues over the next few months