Key Points
Exports from India are continuing as the sailings of containers carrying ships from India have been diverted via the Cape of Good Hope route,minister of state for commerce and industry Anupriya Patel said in a written reply to Rajya Sabha...
Some of the measures to promote the sector include promoting Made in India toys; designing of toys based on Indian values, culture, and history; using toys as a learning resource; organizing hackathons and grand challenges for toy designing and manufacturing; monitoring quality of toys; restricting imports of sub-standard and unsafe toys and promoting indigenous toy clusters...
The spurt in imports in last two years is due to increased demand in copper refining reflecting a post pandemic recovery, especially the growth in user sectors such as infrastructure, construction, telecom, electrical, renewable energy and electric vehicles, she said in a written reply to the Upper House...
In a separate reply, the minister said that the extent to which Indian industry and the ease of doing business have been impacted by copper imports in the recent past is multifaceted and influenced by various factors including industry dynamics, regulatory environment, government policies, supply chain resilience, etc...
The surge in imports of copper into India in the last two years is attributed to increased demand in copper due to rapid economic growth, infrastructure development, and the ongoing transition to green energy e.g. renewable energy and electric vehicles, she said, adding that the increased demand also reflects post pandemic recovery in economy...
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