India is a great market for Chinese products and over these years import of Diwali products from China has increased to a good extent.
New Delhi: This Diwali, Chinese goods like lights, lamps, gift items and wall hangings amid others could see a drop of up to 45 percent as people prefer Indian products, stated industry chamber Assocham.
“There has been about 40 to 45 percent influence on goods like decorative lights that records big sales through Diwali, though a slight influence has also been seen on China-made electronic products like mobile phones etc. As per the newspaper, the demand for electronic products like LCDs, smartphones and additional items made in China has also deteriorated by 15 to 20 percent,” stated D.S. Rawat, the secretary general Assocham releasing the newspaper.
The chamber stated that as per its findings people prefer Indian products over Chinese goods through this Diwali.
“According to the shopkeepers, most of the clients are demanding Indian lights. Individuals are not engrossed in buying Chinese products while showing attention in local products including earthen diyas,” stated Assocham. It stated there was a big demand for made in China fancy lights in the marketplace but it is also declining.
“Moreover, the quality of Chinese products is also uncertain with no shopkeeper giving any kind of guarantee on Chinese products once sold. Firecrackers made at Sivakasi in Tamil Nadu are favored in comparison to Chinese crackers,” stated the chamber.
Assocham stated it interacted with retailers, wholesalers, traders in cities of Bangalore, Ahmedabad, Bhopal, Dehradun, Chennai, Delhi, Jaipur, Hyderabad, Lucknow and Mumbai to evaluate the demand for Chinese products through India.
“Rendering to an estimation, the value of Chinese goods vended in 2016 over Diwali was about Rs 6,500 crore. Out of the total, above Rs 4,000 crore was Diwali-related products like toys, fancy lights, plastic ware, gift items, decorative goods amid others,” it said.
India is a great market for Chinese products and over these years import of toys, building hardware, furniture, crackers, lighting and electric fittings, office stationery, furnishing fabric, electronic appliances, consumer electronics, kitchen equipment and appliances, gift items and watches from China has enlarged to a great quantity in India, said Assocham.