Closely following the liberalization and the economic reforms, India is witness to an important event: the 'Chinese Aggression' of a different order in the form of entry of Chinese goods at a price which sends heart attack signals to many Indian organizations. A wristwatch for Rs. 10, a washing machine for Rs. 1250, a ceiling fan for Rs. 75, a mixer grinder for Rs. 350.... The price list is up in many places. What was once believed to be a rumor turns out to be true when the customers report that they have actually purchased these articles at these prices. Can one believe it? Whether one believes it or not, there are a lot of issues raised. One major question raised is: can China really offer these products at such a price? What about the quality aspect? Is China trying to dump inferior goods at a cheap rate? Is this a temporary phenomenon or is it going to last long? If it is going to last long, what will happen to the Indian goods and Indian organizations? Can China be prevented from dumping the goods into the Indian market?
[...] Capital Goods will be allowed to be transferred or given on loan basis to other units under intimation to both Excise and Development Commissioner. d. Transfer of samples to other EOUs on returnable basis within a period of 30 days to be allowed. e. EOUs to be permitted to claim IT exemption in respect of income on export proceeds realized within a period of 12 months from date of export. Target Plus Schemes The Target plus Scheme aimed at rewarding incremental exports would continue in the year 2005-06 with such modifications as will be notified, separately for preventing misuse. [...]
[...] A policy of partnership The FTP provided a road map that could help Indian companies become globally competitive and simultaneously aimed at giving Indian consumers world class products and services. Specific sectoral initiatives have helped in creating more jobs, higher exports and an enhanced level of confidence for Indian products and services in the global economy. I believe that it is the new equation of partnership and co- operation engendered by the FTP last year that has paid the rich dividends we are now encountering. [...]
[...] Actually Indian consumers have a perception that if they have bought any product it should last long but problem with Chinese products is they can't create such image and don't last long. Because producers of Chinese electronic items or other items for the greed of profits and reduction in manufacturing cost they don't bother about the quality of their product so they even not do marketing and branding of their product. So because of this reason Indian consumer who wants value for money but he does not find in Chinese products. [...]
[...] To enable the Service providers to upgrade the infrastructure in their associate companies, the goods imported under the 'Served from India' Scheme shall be transferable within the Group companies and managed hotels subject to Actual User condition. b.) At present, Hotels & Restaurants are required to submit a Chartered Accountant certificate that the entire duty benefits availed under the 'Served from India' Scheme have been passed on to the consumer. From now on, only a declaration will be submitted by the Hotels & Restaurants that the duty benefits shall be passed on to the consumers. [...]
[...] To observe the behavior of people towards Indian Products To observe the behavior of people towards Chinese Products 3. To find out that which Indian or Chinese products are more preferable over the other. RESEARCH METHODOLOGY SAMPLING UNIT Samples for the study consisted of randomly selected consumers at various Malls & Eating Joints of the Delhi. The data were collected using a structured questionnaire. Data were collected from the targeted customer while they were in malls or in fast food outlets. [...]
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