Traders want new policies to counter Chinese goods flooding Indian markets

Image
ANI Kanpur (Uttar Pradesh)
Last Updated : Oct 08 2014 | 5:25 PM IST

Shopkeepers in Uttar Pradesh have urged the government to start making policies for 'Make in India' initiative to compete with Chinese lights and items flooding the markets ahead of Diwali.

Traders in Kanpur on Tuesday said that to compete with demand for cheap Chinese lamps and lights, the government should formulate policies.

A shopkeeper, Hanumanth Dikshit, who has been selling Chinese lights for the past 15 years, said Chinese products have a strong hold over the market.

"Presently, the scenario in India is such that Chinese products have a strong hold in the market. Chinese products are of use and throw type and they are extremely cheap. A person buys Chinese lights, uses it for two months and then throws it away. It is high time that we start 'Make in India' and the government brings changes in its policies or else the dominance of Chinese products in Indian market will continue," said Dikshit.

The 'Make in India' initiative aims to turn India into a manufacturing hub and contains proposals to get foreign companies to invest in India by focusing on 25 sectors including chemicals, information technology, automobiles, railways, renewable energy, design manufacturing, bio-technology, pharmaceuticals, mining and electronics among others.

Another shopkeeper, Atul Tiwari, said if the products, sold by Chinese, could be made in India with better quality, they would have more demand.

"If we can produce those products that are coming from China in India with better quality, definitely our products will be sold more," said Tiwari.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Oct 08 2014 | 5:13 PM IST

Next Story