Trades, Wars & Wardrobes 🤔

The Indian government has started approving some Chinese investment proposals in the electronics manufacturing sector, after the 2020 border clashes.

These approvals include companies like Luxshare, a supplier for Apple, and a joint venture between Micromax and Huaqin Technology.

Other proposals cleared include some Taiwan-based firms listed in Hong Kong or having investments from there, the report says.

The report notes that there is pressure from the electronics manufacturing industry to approve investments with Chinese links as well.

In submissions to various ministries, the electronics manufacturing industry had also said that India had lost out on export opportunities worth $10 billion as well as $2 billion in value addition, the report added.

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