Since the infiltration of Chinese troops in Ladakh, violent clashes with Indian soldiers, the country is slowly preparing to give an economic blow to the neighboring countries. Actually, the business corridor is also running tight on this matter. From making automobiles, pharmaceuticals, cosmetic things, traders from all over the region are feeling that if the situation between the two countries is not improved then there will be a big economic shock in the coming time.
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Experts of India-China import-export say that the biggest economic tsunami could arise in the future, more than the economy is hurt by Corona infection. Sources in the Ministry of Commerce say that to fulfill the dream of self-reliant India and Make in India, the main focus of Union Commerce Minister Piyush Goyal is to boost domestic production and reduce the dependence of imports from China.
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In this regard, he is talking to all the entrepreneurs and organizations in the business area. Major initiatives are also being taken in the automobile manufacturing sector. A meeting is being held in this case almost every week. On August 13, the ministry held a meeting with the people of the auto sector. A review meeting was held on Friday, August 21 and sought information from the Society of Indian Auto Mobile Manufacturers (SIAM) about the possibility of investment in the auto sector, dependence on local levels, import-export, payment in lieu of royalties and more.
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