New Delhi, 13th June 2023: The government has asked Chinese mobile phone manufacturers to include Indian equity partners in their local businesses.
According to three sources, the corporations have also been requested to appoint Indian leaders in critical jobs such as chief executive officer, chief operating officer, chief financial officer, and chief technical officer.
They have also been urged by the government to select Indian contract manufacturers, increase local manufacturing down to the component level through joint partnerships with Indian enterprises, enhance exports from the country, and establish local distributors. Some of the companies have distributors in China.
At recent meetings hosted by the Ministry of Electronics and Information Technology (MeitY), these difficulties were expressed to Chinese firms like as Xiaomi, Oppo, Realme, and Vivo, as well as the India Cellular and Electronics Association (ICEA).
The government has also instructed them not to avoid taxes in India and to maintain legal compliance.
Separately, China’s share of India’s merchandise imports has fallen to 13.79% in 2022-23 from 15.43% in 2021-22, according to the Commerce Ministry. Imports of electronic items from China fell by roughly $2 billion in 2022-23 (April-February) compared to the same period previous year.
The share of electronic items imported from China has also decreased, from 48.1 percent in 2021-22 (Apr-Feb) to 41.9 percent in 2022-23 (Apr-Feb). The share of fertiliser imports from China fell significantly, from 21.9 percent in 2021-22 (Apr-Feb) to 13.9% in 2022-23 (Apr-Feb), accounting for around a half-billion drop in Chinese imports.
