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With FM keen to bring India as the preferred nation for sourcing of components would it be justified to have FTA agreements from SAARC countries

Asked by : PRAKASH MATAI, SENIOR ADVISOR, BMR ADVISORS
Industry : Auto Ancillary
Functional Area : Purchasing
Keywords : cost efficient procurement
Activity: Question posted: 02 01 2010 16:49:44 +0000, 1 answers, 61 views, last activity 07 06 2010 20:18:08 +0000
 
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FTA arrangements allows procurement of imported inputs under concessional tariff . If this is  encouraged then how a level playing field and competitve pricing focus would be achieved. In many cases it gives route to inverted duty structure. 

 
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1 Answers for "With FM keen to bring India as the preferred nation for sourcing of components would it be justified to have FTA agreements from SAARC countries"
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  Answered by     Aarti Gupta, Legal Consultant  | 02 02 2010 12:14:48 +0000
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It would be great if the FTA has agreed between the SAARC countries. Over the years, the SAARC members have expressed their unwillingness on signing a free trade agreement. Though India has several trade pacts with Maldives, Nepal, Bhutan and Sri Lanka, similar trade agreements with Pakistan and Bangladesh have been stalled due to political and economic concerns on both sides.

 
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With FM keen to bring India as the preferred nation for sourcing of components would it be justified to have FTA agreements from SAARC countries
Given the cost competition from China ,would it be realistic to see India as the largest sourcing hub for Auto components .
Partially agree since single source of components may result in a one time negotiation but an alternate source/parallel source would always result in competition in terms of quality ,technological upgradtion and most important the pricing. This could...
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