Protecting ‘local’ industry: Pains and Gains

-- Lirish Lal, VIII-G, FAIPS(DPS)

Monday, January 18, 2021

“A small business is an amazing way to serve and leave an impact on the world you live in”

What do you mean by local industries. Local industries means the use of premises for the purpose of handling, manufacturing, processing, treating and the ancillary storage. Now, the local industries are getting declined because of global investments that are more in India . Have you ever thought, what are the pains the local industries are facing? Foreign competition is killing the local industries because the customers like to buy the foreign products. Even though the quality of the product is bad the customers are attracted by the package of the products, meanwhile the owners of the local industries does not have enough money to spent in attracting the package of the product. The owners of local industries are getting loss because of sales issues or shortage of labours, lack of area and many more reasons. In these critical times the government is not willing to give them compensation but the government is ready to give compensation to major companies when they are in trouble . The local industries doesn’t have enough raw products or proper equipment to make the finished product so they depend on the major industries.

Now let us discuss when we protect local industries what all gains we get. All the people will get jobs inside our country so we can solve the unemployment problem and the people need not go to foreign countries. The educated people will be giving more ideas to improve our country regarding technology, pharmaceutical field etc.. This will improve the financial condition of our country. Now our youngsters are ready to do all the works to improve the nation.

Local industries and global industries may confuse you but a Local industry is what a country wants to develop and provide jobs for the educate and the uneducated. The country needs a full reboot on thinking whether to invite global investment in our country or not.







Lirish Lal, VIII-G, FAIPS(DPS)



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