The company sources machinery parts from China for its steel, energy and cement business.
“This is an opportunity for us all to come together and push for a stronger Atma Nirbhar Bharat. Let us support our domestic producers in achieving quality and scale. We have to show loyalty to our own products. We have to support our armed forces and the government and prove that we stand with them in this fight against Chinese,” said Jindal.
India continues to be heavily dependent on imports from China in the auto, pharmaceutical and electronics sectors.
In the auto sector, India imported auto parts worth $4.2 billion from China in 2019, according to Auto Component Manufacturers' Association of India (ACMA) data.
Meanwhile, in steel, though import of total finished steel from China declined by 22 percent on year-on-year basis in FY20, the dragon country's dumping strategy has triggered several protective measures from the ministry of steel since 2016.