Ludhiana, June 24 -- The delegation of various industry associations from Ludhiana met newly appointed Commerce and Industry Minister of Punjab Som Parkash and raised issues related to cheap imports of Chinese goods to India and issues of complications in Employees Provident Fund Procedures.
With regard to import of Chinese goods to India, delegation apprised the Minister that during 2018-19 the exports from China to India were around 4.92 Lakh Crores and at the similar time the exports to China were merely 1.17 Lakh Crores.
Most of the imports from China are coming under invoicing and through SAFTA & ASEAN Countries to save the custom duties and it is estimated that the total Imports from China must be more than 7 Lakh Crores.
If...