Adani Enterp. 2638.80↑312.70(13.44%)
Adani Ports 746.15↑16.45(2.25%)
Apollo Hospitals 4598.85↓-6.45(-0.14%)
Asian Paints 3123.95↑39.05(1.27%)
Axis Bank 918.50↑0.95(0.10%)
B P C L 368.25↑6.65(1.84%)
Bajaj Auto 4528.85↑5.60(0.12%)
Bajaj Finance 6835.00↑41.95(0.62%)
Bajaj Finserv 1441.10↑28.10(1.99%)
Bharti Airtel 801.65↓-0.20(-0.02%)
Britannia Inds. 4515.00↑16.05(0.36%)
Cipla 930.00↑5.05(0.55%)
Coal India 239.20↑0.50(0.21%)
Divi's Lab. 3402.75↑137.75(4.22%)
Dr Reddy's Labs 4452.15↓-5.50(-0.12%)
Eicher Motors 3581.15↑35.70(1.01%)
Grasim Inds 1701.50↓-16.85(-0.98%)
H D F C 2706.95↑2.20(0.08%)
HCL Technologies 1120.95↑1.10(0.10%)
HDFC Bank 1641.20↑0.15(0.01%)
HDFC Life Insur. 563.40↓-3.60(-0.63%)
Hero Motocorp 2699.25↑7.10(0.26%)
Hind. Unilever 2637.45↓-0.65(-0.02%)
Hindalco Inds. 412.50↑4.80(1.18%)
ICICI Bank 956.60↑6.25(0.66%)
IndusInd Bank 1261.75↑15.60(1.25%)
Infosys 1309.30↑16.50(1.28%)
ITC 430.05↑5.30(1.25%)
JSW Steel 709.75↑5.15(0.73%)
Kotak Mah. Bank 1923.15↓-17.05(-0.88%)
Larsen & Toubro 2199.65↓-16.95(-0.76%)
M & M 1266.30↑0.75(0.06%)
Maruti Suzuki 9204.35↑47.70(0.52%)
Nestle India 21525.00↑30.20(0.14%)
NTPC 175.10↑1.00(0.57%)
O N G C 165.00↓-0.60(-0.36%)
Power Grid Corpn 235.10↑0.75(0.32%)
Reliance Industr 2463.05↑8.05(0.33%)
SBI Life Insuran 1164.20↑13.40(1.16%)
St Bk of India 581.85↑4.70(0.81%)
Sun Pharma.Inds. 939.25↑1.80(0.19%)
Tata Consumer 769.80↑3.70(0.48%)
Tata Motors 527.10↑4.60(0.88%)
Tata Steel 105.90↑0.90(0.86%)
TCS 3304.70↑6.00(0.18%)
Tech Mahindra 1103.00↓-1.45(-0.13%)
Titan Company 2709.20↓-3.35(-0.12%)
UltraTech Cem. 7649.00↓-66.65(-0.86%)
UPL 679.20↑8.80(1.31%)
Wipro 398.70↑2.95(0.75%)

Explained: Why Chinese electronics companies are getting a break in India

A small policy relaxation outside the rubric of Press Note 3 is designed to help global and domestic electronics manufacturing build a local supply chain ecosystem

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Under a policy shift that Apple, which is aiming to shift 12-20 per cent of its iPhone assembly by value to India by 2026, managed to get approval for investments by 14 Chinese component suppliers.

6 min read Last Updated : Jan 29 2023 | 9:22 PM IST

Over the past few months, there has been a subtle shift in the Government of India’s stance towards Chinese investments. In 2020, as Sino-Indian border tensions escalated, investments from Chinese companies were stymied, foreign direct investment (FDI) rules tightened and prospective investors flatly told not to even apply to set up operations in the country.

Recently, responding to persistent demands from global and domestic mobile device and IT product players to help build a local supply chain ecosystem, the government has requested them to provide a list of their Chinese suppliers that would like to shift some capacity to India.

However, the preliminary screening and approval of the names comes with stiff riders. For one, it is meant only for Chinese companies that agree to set up a joint venture with domestic companies. The unwritten rule is that the latter should also have control, though many say that that could stifle choices sinc