The government is weighing options to open the Chinese FDI tap. Curbs imposed at the height of Ladakh clash in 2020 may be eased.
Two days after the Economic Survey made a strong pitch for Chinese participation in India's manufacturing growth, the government is considering easing restrictions on investments from China. The government's move to soften its anti-China stance comes amid strong calls from industry, especially manufacturers, to ease the visa curbs on Chinese technicians.
The Economic Survey report had said, "To boost Indian manufacturing and plug India into the global supply chain, it is inevitable that India plugs itself into China's supply chain. Whether we do so by relying solely on imports or partially through Chinese investments is a choice that India has to make".
Chinese Incentive
Chinese technicians are in high demand in 14 sectors where production-linked incentive schemes are applicable. These sectors which include solar, drones and cell battery, face huge talent shortage.
Skill Shortage
Most high tech manufacturing units in India use Chinese-made machinery but don't have skilled technicians. Industry believes visa relaxations could help.
My take
It's a practical way out in the current situation and would be a shot in the arm for India's manufacturing industry.
Tailpiece.
Got up at a quarter past 5, the chores and was ready by a quarter to 10.
PCI's Ranjoo, had come in for the quarterly servicing.
Washing machinex of the bed linen.
The maid had come in for work.
The fruit basket was delivered soon after teatime.
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