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Imports from China fell during April-July 2020 by USD 6.85 billion: Piyush Goyal.


Date: 23-09-2020
Subject: Imports from China fell during April-July 2020 by USD 6.85 billion: Piyush Goyal
New Delhi: Commerce and industry minister Piyush Goyal on Wednesday said India’s imports from China during April-July 2020 decreased to $16.6 billion from $23.45 billion in the corresponding period last year.

“Due to the impact of Covid-19 pandemic there were several global and domestic supply side constraints and also a dip in global demand,” he said in a written reply in Rajya Sabha.

Some of the items exhibiting decline in imports include electronic components, telecom instruments, computer hardware, industrial machinery for dairy, electric machinery, residual chemical and allied products, consumer electronics, electronic instruments, fertilisers and products of iron & steel.

“The full impact of these measures on the industry will be discernible as the global economy recovers, and revives from the recessionary effects of the pandemic,” Goyal said.

RETAIL POLICY

In a separate reply, he informed Parliament that the government proposes to formulate a National Retail Trade Policy for which stakeholder consultations are being held.

The government has already set up a National Traders’ Welfare Board with the objectives of welfare of traders and their employees, simplification of the acts and rules applicable to traders, reduction of compliance burden and improvement in access to funds for traders.

LAND BANK

Jharkhand is one of the eight states in the second phase of integration of state land bank/GIS systems with the Industrial Information System (IIS) portal, Goyal told the Upper House.

“The state has uploaded land data manually on the portal in the past. The state is yet to align its portal as per the Standard Operation Procedures (SOP) of integration of the two systems,” he said.

The technical teams of the state are in touch with the Ministry of Electronics and Information Technology which is providing technical support to develop the GIS Based National Land Bank under IIS. The government has integrated the IIS portal with the GIS System of six states in the first phase to provide updates on land availability and plot level information to investors anywhere in the world on a real time basis.

Source:-economictimes.indiatimes.com

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