India’s imports accumulated to USD 465.5 billion in 2017-18 from USD 384.3 billion within the previous business enterprise.
A task force has been created to spot numerous things and policy interventions for reducing the country’s import dependence, the govt aforesaid these days.
The terms of reference of the task force embody identification of product for import substitution, assessment of domestic producing capability and identification of constraints in increasing production, Minister of State for Commerce and business C R Chaudhary aforesaid during a written reply to the Lok Sabha.
India’s imports inflated to USD 465.5 billion in 2017-18 from USD 384.3 billion within the previous business.
during a separate reply, the minister aforesaid that some countries together with Asian country and Kuwait have obligatory ban on import of sure agricultural product.
Asian country has obligatory ban on imports chilled and frozen shrimps, and civilised fish since Dec 2016 and Gregorian calendar month this year severally.
Similarly, Kuwait has illegal imports of frozen shrimp from Republic of India since January 2017. Thailand and Mexico have abused ban on shrimps and chilly imports.
Thailand has obligatory temporary suspension see able of the rumored incidence of Infectious gangrene Virus (IMNV) malady, Chaudhary aforesaid, adding that Mexico’s ban on grounds of detection of animate being of Trogodermagranarium (Khapra beetle) in Indian chilly.
it’s not possible to quantify the losses suffered by the farmers because of such bans as various avenues for disposal of the turn out, each domestic and international, square measure invariably on the market, he said.
“The government takes all attainable steps to urge the bans on import of Indian agricultural product raised at the earliest. The matter is concerned with the relevant authorities within the several countries through Indian Embassies. Corrective action, if needed, is taken to eliminate the reason behind ban,” he added.