India’s electronics sector loses ₹1.25 lakh crore due to India-China tensions

India’s electronics sector incurs ₹1.25 lakh crore losses due to Sino-Indian tensions, resulting in 100,000 job cuts in four years, reports the Economic Times. Delayed Chinese visas and investigations into Chinese firms operating in India worsen the situation. Lobby groups urge quick approval of visas for Chinese executives to aid technology transfer and production unit setup. Visa backlog hampers industry expansion plans and supply chain relocation from China under PLI scheme.

Get NewsPepper Short News App from Play Store