Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.

    SUBMIT

Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence

Disclaimer:

Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
LIVE TV DownloadNews18 App
News18 English
»
1-min read

Large Number of Indian MSMEs Hit By Cheap Chinese Imports, Says Govt

Imports from China in 11 major product groups, largely manufactured by MSMEs in India, have grown at a higher rate than their respective imports from all countries combined during 2012-13 to 2015-16.

Press Trust Of India

Updated:November 16, 2016, 4:55 PM IST
facebookTwitterskypewhatsapp
Large Number of Indian MSMEs Hit By Cheap Chinese Imports, Says Govt
File Photo: Chinese goods
Loading...

New Delhi: A "significant proportion" of Indian MSMEs seem to be adversely affected by select Chinese imports, which grew at a higher rate compared to shipments from rest of the world, Parliament was informed on Wednesday.

According to information compiled from data provided by Director General of Commercial Intelligence and Statistics,

imports from China in 11 major product groups, largely manufactured by MSMEs in India, have grown at a higher rate

than their respective imports from all countries combined during 2012-13 to 2015-16.

"As these 11 product groups accounted for 74 per cent of India's total imports from China in 2015-16, a significant

proportion of Indian MSMEs seem to be adversely affected from Chinese imports as compared to the rest of the world,"

Minister of State for MSME Giriraj Singh in a written reply in the Rajya Sabha.

The 11 product groups pertain to electrical and electronics, mechanical and metallurgical products, as well as

chemical, glass and ceramics based items.

Union MSME Minister Kalraj Mishra, during a recent visit to China, had invited the country's businesses to partner with Indian companies, including micro, small and medium enterprises (MSMEs) for technological collaboration and

manufacturing in India.

FDI policy places some restrictions on foreign investment in certain sectors. Subject to such restrictions, foreign

investors can set up enterprises in India without a lower level ceiling on investment. Such investment can be greenfield as well as in existing enterprises.

"India has one of the most liberalised FDI policies in the world, wherein 100 per cent FDI under automatic route is

permitted in most of the sectors. There is only a small list of sectors where FDI is regulated -- subjected to government approval, cap or having other conditionalities. The FDI policy equally applies to MSME sector," Singh said.

| Edited by: Bijaya Das
Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwitterskypewhatsapp
 
 
Most Active
Company Price Change %Gain
Indiabulls Hsg 672.25 -3.18
Yes Bank 115.05 -1.75
IndusInd Bank 1,426.80 -4.17
GRUH Finance 291.70 -5.01
Reliance 1,317.55 -0.73
Company Price Change %Gain
GRUH Finance 291.85 -5.40
Indiabulls Hsg 672.10 -3.20
Yes Bank 115.35 -1.58
Larsen 1,529.15 0.80
IndusInd Bank 1,425.10 -4.36
Top Gainers
Company Price Change %Gain
Bharti Infratel 275.05 1.36
Sun Pharma 392.55 0.72
Vedanta 169.55 0.65
Larsen 1,526.30 0.58
Power Grid Corp 194.60 0.39
Company Price Change %Gain
Larsen 1,529.15 0.80
Vedanta 169.60 0.74
Sun Pharma 392.35 0.58
Power Grid Corp 194.60 0.44
TCS 2,252.30 0.09
Top Losers
Company Price Change %Gain
Zee Entertain 336.50 -4.57
IndusInd Bank 1,426.80 -4.17
Indiabulls Hsg 672.25 -3.18
Bharti Airtel 353.30 -2.87
Axis Bank 801.20 -2.31
Company Price Change %Gain
IndusInd Bank 1,425.10 -4.36
Bharti Airtel 353.30 -2.74
Axis Bank 800.15 -2.39
Kotak Mahindra 1,473.80 -2.10
Tata Motors 164.10 -1.97

Live TV

Loading...
Countdown To Elections Results
  • 01 d
  • 12 h
  • 38 m
  • 09 s
To Assembly Elections 2018 Results