Rs 25,000 crore plan to cut dependence on China for key chemicals
NEW DELHI: With the aim to reduce dependence on China for import of chemicals, the go nment is planning a production linked incentive scheme to boost local manufacturing of some of the key chemicals used in pharmaceuticals, insecticides and in other critical industrial usage, sources said.
In a series of recent meetings, the department of chemicals has identified around 75 critical chemicals and more are likely to be added to the list. The proposal for the incentive scheme includes offering 10% of production value as incentive. According to the proposal, the scheme will have an outlay of Rs 25,000 crore over the next five years.
The proposed scheme assumes significance in the wake of the ongoing tension between the two countries — India and China.
India imports chemicals worth over Rs 1.5 lakh crore, of which around 85-90% comes from China, an official said. These chemicals are used in manufacturing of active pharmaceutical ingredients, insecticides and other industrial processes.
“Chemicals are essential products used in many industries including medicines. While we have already started a PLI scheme for manufacturing pharma APIs, we realised that there are some key chemicals – which are still being imported from China – for use in manufacturing these APIs. Hence, the need for complete backward integration to ensure we are not dependent on imports,” a senior official said.
The department of chemicals has also constituted a committee on the matter and the final proposal for the PLI scheme will be soon submitted to the department of expenditure before taking it to the Cabinet.
译文来源：三泰虎 http://www.santaihu.com/p/50853.html 译者：Jessica.Wu
Boycott China products
India has to become self reliant & not depend on China.
D P Bhat
At last a very good initiative by Govt.!
For 70 years Congress did not plan anything. They were only focusing on minority politics. Once Modi came into power India started to plan for future. With Modi in power India will eventually surpass China.
Better late than never
no one did such decision, except Modiji go nment.
We have to completely eliminate China from our economy. This cannot happen instantly, we have to commit to it for the long haul. Eventually, we will remove China completely. I applaud this move, as it is a step in the right direction.
India under Modi committed to self reliance, reducing Indias dependence on an aggressive neighbour is a move in the right direction.
The Best Human
Never trust China for the next THOUSAND YEARS
Good initiative hope they come up with road map soon
ONCE MODI CAME INTO POWER HINDUSTAN STARTED TO PLAN FOR FUTURE. WITH MODI IN POWER HINDUSTAN WILL EVENTUALLY SURPASS CHINA.
Great initiative. Chemical plants should be started in Tahashils or rural area or semi urban areas as their companies can get cheap labour and cost for lands and construction will be less compare to metro city
PLI scheme is going to be superhit.
Slowly all dealings, all expectations from China need to be cut off. All should be produced indigenously.
Do you realise that China is actually making India become more self-reliant? India is the world's biggest pharmaceutical producer, but isn't it ironical the most of the raw material for the drugs including antibiotics has to come from China? Produce your own first, then we yell "Boycott China products'.
All these initiatives are good, but make sure these projects are implemented without any curruption, commission and bribes.
Don't worry it's Modi, NO Congress Corruption.
Good move, long overdue.
Blessed to have you as our PM
Finally we seeing something being done for country after decades of pathetic congress rule.
Good decision by modi go nment. China is the most unfaithful country. Boycott china in all sectors.
Lets boycott chaina products