Worldwide spread of CoronaVirus is “ bad times “
CoronaVirus shutting down factories in China is “ worse times “
India depending on China for almost 50 % of its imports
of following goods , is “ worst times “ :
Ø Textile
Fabrics
Ø Refrigerators
Ø Suitcases
Ø Antibiotics
Ø Vitamins
Ø Insecticides
Ø Diodes
Ø Semiconductor
Devices
Ø Auto
Parts
Ø Steel
& Aluminium items
Ø Mobile
Phones
Our options are :
Ø Scour
for suppliers ( equal in cost / quality ) from all over the world
Ø Develop
domestic suppliers on double quick
As far as the second alternative is concerned, I sent
following suggestion to DIPP /
ASSOCHAM / FICCI / CII / NASSCOM etc, in Sept 2015 :
[ Source : Well
Begun is Half Done / 06 May 2016 ]
--------------------------------------------------------------------------------------------------
* Role
of MakeinIndia web site
> On its web site , list 5000
products that we currently import ( with
annual import bill /
sources / ave landed cost etc )
> Invite 1000 leading manufacturing
companies of India , to make
online selection of
minimum of 5 items each, for preparing DPR
( Detailed Project
Reports ) .
Freely visible online database
of who selected which items
will avoid
duplication
* Role
of Manufacturing Companies
> Prepare and submit to Ministry of
Commerce, at least 5 DPR by
Dec 2016 .
More the merrier ! Earlier the better !
> Each report must carry , name of
at least one bank which has
accepted that as a
" Bankable Report " , eligible for funding
> Train at least 100 fresh
engineering graduates in various
manufacturing
related functions under GET ( Graduate Engineer
Training )
Scheme , each year
-------------------------------------------------------------------------------------------
In that blog
/ mail , I had also described these :
Ø Role of Ministry of Commerce
Ø Role of Income Tax Department
Ø Role of Fresh Engineering Graduates
Ø Role of ASSOCHAM / FICCI / CII etc
Ø Role of eBiz web site
Ø Role of State Governments
=========================================================
Although it is
more than 4 YEARS since suggesting this ( for Import Substitution ) , it is
still not too late for DIPP / Finance Ministry , to announce that the expenses
incurred by the Manufacturing Companies in preparation of DPR ( Detailed
Project Reports ) , will be counted as their CSR ( Corporate Social
Responsibility ) contribution
=========================================================
01
March 2020
hcp@RecruitGuru.com
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