Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
No Result
View All Result
Home International Customs India

India must be practical in managing trade policies

byCT Report
02/04/2018
in India
Share on FacebookShare on Twitter

MUMBAI: The Indian government is hard pressed to create more jobs and sustainable livelihoods. Chinese products are flowing into the country, providing good value for consumers no doubt, but also killing Indian enterprises and jobs they provide. When the going gets tough, the tough must get going. “Make in India” will remain a slogan if both, the Indian government and Indian entrepreneurs, don’t step up to their challenges.

M.K. Gandhi said that when he was fighting for India’s political freedom, Jamsetji Tata was fighting for India’s economic freedom. Tata put up a modern, integrated steel plant against great resistance from the British government. However, he was determined that India must have industrial capabilities. He turned to American consultants for technological guidance, and to Indian citizens for financial support when the London market turned him away. After India’s independence, its industrial policy nurtured the growth of capabilities within the country. Foreign companies were welcomed to partner with Indian enterprises. Phased manufacturing programmes were mandated, whereby, progressively complex products were made entirely within the country.

You might also like

DRI busts smuggling rackets, seizes 31kg gold

03/02/2020

Longest smuggling tunnel, larger than 14 football fields, discovered on US-Mexico border

30/01/2020

The supply chain developed within India created hundreds of thousands of jobs. Tatas built on this foundation, and by the 1970s, exported products as Tata products proudly bearing the Tata logo on the grill in place of the Mercedes star. Moreover, having learned how to make a good truck, Tata’s moved on to improve the design of the truck and even designing new products in its research and development centre.

Related Stories

DRI busts smuggling rackets, seizes 31kg gold

byadmin
03/02/2020

VIJAYAWADA: The Directorate of Revenue Intelligence (DRI) seized 31.5 kg gold worth 13.3 crore in the last three days. DRI...

Longest smuggling tunnel, larger than 14 football fields, discovered on US-Mexico border

byadmin
30/01/2020

The longest smuggling tunnel has been discovered by the US authorities on the Southwest border, which stretches more than three-quarters...

Two excise men held for booze smuggling links

byadmin
21/01/2020

PATNA: In a first-of-its-kind case since prohibition was imposed in the state, two excise officials have been arrested for links...

Gold smuggling on the rise as high prices boost appeal in India

byadmin
13/01/2020

NEW DELHI: Illegal inflows have jumped after the Indian government increased import taxes in July and prices surged to record...

Next Post

South Korean regulators working on new Crypto taxation rules

  • Terms and Conditions
  • Disclaimer

© 2011 Customs Today -World's first newspaper on customs. Customs Today.

No Result
View All Result
  • Transfers and Postings
  • Latest News
  • Karachi
  • Islamabad
  • Lahore
  • National
  • Chambers & Associations
  • Business
  • About Us

© 2011 Customs Today -World's first newspaper on customs. Customs Today.