India\\\'s small scale industries are facing tough competition from Chinese imports, Parliament was informed today.
India's small scale industries are facing tough competition from Chinese imports, Parliament was informed today.
In fact, 68 per cent of the inbound shipments from China comprise of products largely manufactured by Indian SSIs, leading to both countries vying for market space in India.
"Strong competition from China faced by Indian small industries is evident in high growth of India's imports from China," Micro, Small & Medium Enterprises (MSME) Minister Kalraj Mishra said in a written reply to the Lok Sabha.
As per information compiled from Director General of Commercial Intelligence & Statistics in respect of eight major product groups largely manufactured by the small scale industries (SSIs) in India, imports from China grew at a higher rate than their respective imports from all countries combined during 2010-11 to 2013-14.
"As these eight product groups accounted for 68 per cent of India's total imports from China in 2013-14, a significant proportion of Indian SSIs are seen to be facing greater competition from China as compared to the rest of the world," Mishra said.
These groups include Electrical & Electronics, Mechanical & Metallurgical and Chemical & Glass & Ceramics.