In recent times, the government has taken an aggressive stand in terms of trade and commerce by introducing various measures and passing laws to reduce India’s dependency on imports from other nations to make India self-reliant. Now the government has made it mandatory for e-commerce players to display country of origin tag.
Crux of the Matter
Boosting Make in India The government has made it mandatory for e-commerce companies to display ‘country of origin’ of products sold on e-commerce platforms. Moreover, the government has also introduced a ‘Make in India’ filter on the Government e-Marketplace (GeM) portal. It will allow buyers to choose products that meet the minimum 50% local content criterion. The government has given a deadline to e-commerce companies to mention tag of origin by 1st August for new listing and 1st October for an old listing. It is believed to be an indirect move to reduce dependency on China.
Woes Of Companies However, e-commerce companies have responded that this deadline is not feasible and have sought more time to implement the changes. Companies have also put forward the suggestion of implementation of this change in a phased manner with the involvement of manufacturers and sellers in the process. They have also given assurance to support and boost Make in India initiative. Flipkart has agreed to mention tag on new products by 15th August whereas Amazon has asked for 2-3 months. Department for Promotion of Industry and Internal Trade (DPIIT) said that it will discuss the introduction of the relevant legal provisions with the consumer affairs ministry.
Other Measures To Become Aatmanirbhar
Tariff and non-tariff steps such as port curbs, mandatory licenses, etc.
Free trade agreement (FTA) review – tighter rules of origin
Labor reforms, easy availability of land & credit to back local companies
Reducing cheap imports in every possible way
Imports via courier may come under strict scrutiny
Curiopedia
Made in China 2025 is a strategic plan of the People’s Republic of China issued by Premier Li Keqiang and his cabinet in May 2015. With it, China aims to move away from being the “world’s factory”, producing cheap, low-quality goods facilitated by lower labour costs and supply chain advantages.
David Wengrow is a British archaeologist and Professor of Comparative Archaeology. David has found archaeological evidence of brands, which often included the origin of manufacture, dating to around 4,000 years ago.
“Zero Defect Zero Effect” slogan was coined by Prime Minister of India, Narendra Modi, as the essence of the Make in India initiative that manages advanced processes, materials and technologies, to guide the production mechanism that produces products with no defects with no adverse environmental and ecological effects.
Curated Coverage
Comments