China imposes export curbs: India’s EV and solar industries face supply chain disruption.

News: Indian electronics, solar, and EV firms face delays and disruptions due to China’s export restrictions on key inputs and machinery, according to economic think tank GTRI.
The curbs may be China’s response to India’s restrictions on Chinese investments and visas, signaling rising geopolitical tensions.
GTRI Founder Ajay Srivastava warned that while these measures impact India, they also hurt China’s manufacturing and exports. India remains highly dependent on Chinese machinery and components, with imports rising to $101.73 billion in 2023-24. Srivastava urged India to strengthen local manufacturing and diversify supply chains by partnering with Japan and South Korea for high-quality components. He emphasized the need to resist China’s pressure and build self-reliance in critical industries.
Source: The Economic Times
Join The Community

Recent News
-
Economic Survey urges India to build a self-reliant EV supply chain
-
Trump tariff threats leave supply chain stakeholders seeking clarity
-
Large-sized deals drove 40% of industrial & warehousing demand in 2024
-
Economic Survey warns of risks in overdependence on China amid supply chain issues
-
Red Sea stability may reduce freight costs by 25%, says DP World
1 Comment