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Electronics companies bat for parts makers from China

News Snapshot:

Electronics manufacturers have asked the government to allow smaller component makers from China to set up shop in the country to deepen the manufacturing ecosystem and make India more competitive. Toward this end, they have sought clarity on the foreign direct investment (FDI) policy as it applies to countries sharing a land border with India. The India Cellular and Electronics Association (ICEA) also sought “immediate payment” of all incentives and dues payable to the industry under various programmes, including the production-linked incentive (PLI) scheme and other export promotion plans, in a June 23 letter to the Prime Minister’s Office. “A…

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