BIG NEWS / India’s another ‘quality attack’ on China, a major tweak on imported LED products
India is ready to teach China one more lesson. Now all the LED products imported in the country will be examined. The Government of India wants to curb imports from China. This is a major step taken by the Modi government in the same direction. Have given. The Director General of Foreign Trade (DGFT) has issued a notification for this.
One more quality attack on China
- Any sample from the consignment or goods being imported will be selected at random or irregularly.
- Such samples will be sent to the labs of Bureau of Indian Standards (BIS) for testing. The investigation will be completed in 7 days.
- It will be checked whether these LED products meet the safety standards.
- Only consignments of samples that meet the criteria will get clearance from the customs.
- If the selected sample does not meet the criteria, it will be returned or destroyed.
India’s move will add to China’s woes as it is set to suffer a major economic blow if China’s low-quality LED consignment does not find entry into India. Because India is a big market for electronic goods for China.
China’s difficulties will increase in this way
- More than 19 1.9 billion worth of electronic goods were imported from China in FY20.
- Goods imported from China include lamps and light fittings.
- The total value of imported lamps and lighting equipment was 43 436 million.
- India is the second largest LED market in the world in terms of value. The largest market for China.
To reduce India’s dependence on China, PM Modi has launched campaigns like Vocal for Local and Self-Reliant India. Teaching China a lesson on the border has already begun to break its economic backbone.
Commercial strike on China
- In July, India banned color televisions imported from China to promote local manufacturing.
- The participation of Chinese companies in government procurement was also banned due to national security concerns.
- In April, India also changed the rules regarding its foreign direct investment.
- So that India’s borders are touched, government approval will be required before FDI investment.
- India also banned several Chinese apps, including Tiktok and Pubji.