India’s government puts restrictions to hold back the sale of ‘Chinese’ products and is tightening the screws on Chinese companies after the border fight of Indian and Chinese forces in which 20 Indian soldiers were killed.
Indian government makes it mandatory for sellers to declare the country of origin of the goods and services. Sellers who had already uploaded their products have been warned that their products would be removed from the portal if they fail to update the country of origin.
India’s commerce and industry ministry said in a statement that ‘A Make in India’ filter will ensure that the government and its agencies only pick products that contain a minimum of 50 percent local content.
The Indian government on Tuesday announced the change in requirements for users of its Government e-Marketplace (GeM) portal in a statement. That statement does not mention China, but it is clear that the main objective was to target China and its items.
The department for the promotion of industry and internal trade (DPIIT) had also said that countries that shared a common barrier with India would require government approval before investing in an Indian company in a bid to stop opportunistic takeovers.
India is also planning to impose higher trade barriers and raise import duties on around 300 products from China and elsewhere as part of an effort to protect their own businesses.