EARLIER HE was smitten by Japan, so much so that he sang paeans to Japanese virtues everywhere. And now, Commerce and Industry Minister Babulal Gaur has returned enchanted from China. But, not by its industries or products - rather the discipline, honesty, patriotic fervour and sense of duty of the people of this land of dragons.
“But, when it comes to quality and durability of products, India is way ahead of China,” asserted Gaur. He feels that entry of low-priced Chinese goods on a large scale in the Indian market would in no way affect the domestic market due to India’s
size and potential.
“Chinese products are mostly below-standard with low durability. Some of the products they manufacture — whether garments or batteries — have a life of just six months.
Our products, though costlier, last longer,” he said. Gaur had gone to Beijing to attend the ‘Made in India Show’ organised jointly by CII and China Council for Promotion of International Trade. The Minister said it was the first
footprint of MP industry in China. “Through the fair, we just introduced ourselves.”
He said some of the State’s products showcased at Beijing were praised and the Chinese offered to sell them on ‘no profit-no loss’ basis at the initial stage. “Entrepreneurs who were part of the delegation will now appoint agents to market themselves, and the results will be clear in about six months after that,” he said.
{{/usCountry}}He said some of the State’s products showcased at Beijing were praised and the Chinese offered to sell them on ‘no profit-no loss’ basis at the initial stage. “Entrepreneurs who were part of the delegation will now appoint agents to market themselves, and the results will be clear in about six months after that,” he said.
{{/usCountry}}Based on his interaction with a cross-section of Chinese society, Gaur opined that the traditionally Communist nation had incorporated globalisation in an indigenous manner, which could be understood from the term ‘democratic socialistic capitalism’ coined by them recently.
Though the show had nothing do with investments per se, the minister said that the State Government would invite Chinese investors to its global investors’ meet to be held in January next year. “I could perceive that they might be interested in tourism, hotels and education sectors,” he maintained.
Finally, Gaur, who was impressed by China’s infrastructure, growth and its transformation into a fast-paced economy, attributed it to ‘non-fanaticism, non-rigidity to religious sentiments like in India and strict governance, unlike a democratic nation.”