New Delhi, India - It is understood that import consignments from China are being subjected to one-hundred percent manual inspection resulting in inordinate delays in clearance.
Explaining the complexity of the automotive value chain and the need for permitting clearance of imports, Deepak Jain, President, Automotive Component Manufacturers Association of India (ACMA) remarked, “The Auto Component industry in India is committed to the ‘Atmanirbhar vision’ of our Hon’ble Prime Minister, Shri Narendra Modi. The entire automotive value chain in the country is around $118 billion of which import of auto components is $4.75 billion, 4 percent of the total Auto industry turnover. Some of the items imported from China are critical components such as parts of engines and electronics items for which we are yet to develop domestic competence. The automotive value chain is an overly complex, integrated and interdependent one; non availability of even a single component can, in fact, lead to stoppage of the vehicle manufacturing lines. Post the lockdown, production in the component industry is gradually picking up in tandem with growth in vehicles sales, it is therefore in the best interest of the industry and the economy that any further disruptions are best avoided.”
Source : Magic Wand Media