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DTSTART;TZID=Asia/Kolkata:20210601T143000
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SUMMARY:Online panel discussion on- Has import substitution strategy worked for India? Challenges and road ahead
DESCRIPTION:An online webinar panel discussion being organised by the Trade Promotion Council of India on the topic ‘Has import substitution strategy worked for India? Challenges and road ahead’\, at 2:30 pm on 1st June\, 2021. The session will be conducted with government representatives from centre and states\, prominent experts in the domain of international diplomacy\, trade and industry leaders. \n  \nIdea: \nThe panelists will talk about import substitution strategy under trade policy which seeks to abolish the import of foreign products and encourages production in the domestic market. The purpose of this policy is to change the economic structure of the country by replacing foreign goods with domestic goods strategy that seeks to develop industrial capacity by shielding domestic producers from foreign competition\, especially helping SMEs.  \n  \nThe idea of doing this session is to deep dive and do an objective analysis of the policy of import substitution in India and its impact. Also\, how the industry looks onto this and what challenges they are facing. Idea is generating some perspective out of this deliberation which will churn the policy makers and industry both with appropriate insights and help draw policy accordingly for economic growth of the country.   \n  \nConfirmed panelists \n\nProf. Manoj Pant\, Director at Indian Institute of Foreign Trade\nMr. Ajit Pai\, Distinguished Expert & Consultant to Vice Chairman\, NITI Aayog\nShri Alok Shekhar (IAS)\, Principal Secretary\, Industries & Commerce\, Government of Punjab\nShri A. Bipin Menon (ITS)\, Development Commissioner\, Noida Special Economic Zone\nMr. Sanjay Grover\, Vice President\, International Business Division\, Kirloskar Pneumatic Company Limited\nMr. Kapil Malhotra\, Sr. Vice President- Marketing\, Gujarat Fluorochemicals Limited\n\n  \nTopics to be covered \n\nHow far did the import substitution as a strategy work from India? Did it help thrust exports?\nIs import substitution strategy pursued by India not against free and fair trade and WTO compliant\nHow practical it is to implement it as ploy to prevent Chinese goods into India\nJustification for indiscriminate and indefinite protection and incentives to domestic Industry\nFact finding on – ODOP/ PLI Schemes / vocal for local/ Make in India- gains and misses\nWhat role SEZs can play\nImport-substitution policies in the government’s post-Covid-19 stimulus package\, specifically in the MSME- how far this is helping industry especially smaller players in state\nChallenges in implementing import substitution policy in India\nCan such an import-substitution policy deliver economic growth for India? Or is this mere rhetoric\nRoad ahead \n\nInterested participants may register on the session here.\nFor further details on the event\, please contact Sameer Pushp at sameer.pushp@tpci.in. \n 
URL:https://www.tpci.in/eventdefault/online-panel-discussion-on-has-import-substitution-strategy-worked-for-india-challenges-and-road-ahead/
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