News Details

KOLKATA: Increasing import duty on toys and artificial jewellery will do little to cut the country’s dependence on Chinese imports in these sectors, according to domestic players, who say the government should instead raise the local industry’s ability to compete better. 
Domestic manufacturers say that dependence on Chinese-made toys and costume jewellery cannot be brought down immediately because of their lower prices and Indian units’ inability to match their products due to poor infrastructure. “The increase in import duty will not help the Indian manufacturers immediately. 

At the retail level, Chinese toys enjoy 80% shelf space,” Manish Kukreja, president of All-India Toy Manufacturers Association, told ET. 

Read more at:
//economictimes.indiatimes.com/articleshow/62799498.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst