Electronics makers all charged up as India-China tensions ease
electronics manufacturing industry is hopeful the de-escalation of border tensions between India and China may speed up pending technology transfers, planned investments from Chinese companies and movement of capital goods.
Some executives though said despite a thaw in the tensions, Chinese companies will remain cautious about investing in and sending executives to India, which would need to address the existing trust deficit.
«We hope this will help the Indian industry in working with reliable Chinese companies without compromising our national security interests to develop a supply chain and other capabilities in India in the electronics sector and also grow trust between the two countries for their mutual benefit,» said A Gururaj, managing director, Optiemus Electronics.
The company does contract manufacturing of wearable products and telecom equipment, relying heavily on raw materials from China.
Another executive from the manufacturing industry said its business has been under pressure since 2020 due to the restrictions in place. «These are positive steps, and any improvement in the relationship on the political front will definitely have a positive impact on our business, which is healthy for both India and China,» the executive said, asking not to be named.
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