Dear Preth,I am not sure about this, but I have heard even Reliance petroleum imports certain products, even though they can make it here, but will incur more manufacturing cost and would reduce their profit. Even though we produce rubber, some companies import it from Malaysia, because they get it cheaper there, thus destroying the home industry.
This thread has good chances of turning in to dirty slime of politics. But I will wade through it wearing PPE kit.
Any Govt. policies are based on ....well politics of trade relations. The backflips and somersaults you see in Any party past present or future depends on what they want to do in national interest. Any company may be buying something just because govt. tells them to buy them from certain countries. Because of geopolitics they want good relations with that particular country which helps them doing international negotiations on various fronts. I remember decades ago USA banned Indian Silk Skirts claiming they easily catch fire. Then after sometime we are best buddies. in 70s we had bad relations with middle east now they are neutral or friends. Some middle east countries even vote for us. Just few months back Donaldbhai threatened us if we dont give HCQ to mein dekh lunga. Now we are BFF. Just two years back indian and chinese soldiers were doing joint military drills.
Now doing this inescapable silly topsy turvy dimag ka dahi things some other countries which was our best buddy gets disappointed and renegotiate trade deal with us. More backflips and somersaults. Manipulating peoples thoughts is probably the first chapter in "How to master dirty politics" book. And it is in curriculam of all parties. Some get distinction by cheating and some has more elegant way of getting merit.
As we move towards multipolar world more such things would happen. Dont bother too much about this. This happens to All the countries and all the time. And generally good amount of trade is non political. Just follow my advice in post #36. No compulsion though only if you feel like it.
Comrades please dont judge my inclination or affiliation by what I post.