As the border tension in India and China is taking an ugly turn and thus there is rise to a popular call for boycott of Chinese products.
RC Bhargava, Chairman of Maruti Suzuki India Limited, chalked out a few points describing how feasible is business in India without imports from China. Bhargava heads Maruti Suzuki India, a subsidiary of Suzuki Motor Corporation of Japan, which is India’s largest passenger car company.
According to a report by CNBC-TV18, Bhargava said the call to boycott Chinese products in India is an emotional reaction to the border tensions between the two nations.
The Maruti Suzuki Chairman elaborated on the use of Chinese imports for the automobile industry in India and said Chinese imports are necessary for manufacturing vehicles. “As a company, we don’t need to import from China, but our vendors do”, he said.
Border standoff has led to rising popular call for boycott of Chinese goods. Already India was eyeing bizs leaving China post the tariff war with the US. How feasible is business without China? We ask RC Bhargava, Chairman of @Maruti_Corp pic.twitter.com/Bj2toxuJpO
— CNBC-TV18 (@CNBCTV18Live) June 15, 2020
Bhargava said business in India without importing products from China will not be feasible as Indian industries have not been able to manufacture all the components in India and therefore, the need to import such goods arises to run the business.
The report quoted the Chairman saying that raising tariff on Chinese imports will hurt the Indian consumers. The Chairman said that he feels that the call for boycotting Chinese goods are not thought through.