iStockIndian electronics manufacturing would likely see some collaboration with Chinese companies, a top federal official said, signalling a thaw in hitherto enforced strict investment curbs in…
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India signals thaw in China curbs to boost electronics ties
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Synopsis
The official’s comments follow the federal nod to a deal between home-grown Dixon Technologies and Chinese original design manufacturer, Longcheer Intelligence Pte. Earlier this month, the Niti Aayog had reportedly proposed that Chinese firms be allowed to acquire up to a 24% stake in Indian companies without requiring additional security clearances.
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