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
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