What's New :
Organize your integrated preparation with Minimum Input & Maximum Output. Register here...

Export Strategy

  • Categories
    Yojana/Kurukshetra
  • Published
    19th Aug, 2020
  • An effective exports promotion strategy hinges on robust and competitive domestic manufacturing.
  • Manufacturing is competitive when it can compete with the best globally while simultaneously facing imports, particularly duty-free imports from our partners on the domestic turf.
  • Though our domestic supply is currently not very efficient, it is reliable, and in this trade-off between reliability and efficiency, the former should get a preference over the latter.
  • Such a calamity has taught us a lesson to not be excessively dependent on others for ensuring critical supplies, especially when the sources of such supplies are not fairly distributed.
  • If we want to retain the tag of the “Pharmacy of the World”, we have to produce formulations and Active Pharmaceutical Ingredients (APIs) in our country.
  • An effective exports promotion strategy hinges on robust and competitive domestic manufacturing.
  • An exports strategy aimed at import substitution and export promotion, as two sides of the same coin, is ideally suited for us.
  • Import substitution, unlike its general perception, is not undesirable. It is not inward looking in the sense of closing your door to imports; rather it is focused on developing domestic capability and prowess to reduce your dependence on imports, particularly when disruption of supply chains can deprive you of critical inputs products.
X

Verifying, please be patient.

Enquire Now