Indian electronics manufacturers have suffered $15 billion in production losses and 100,000 job cuts due to escalating tensions with China. Visa delays for Chinese executives are hindering the industry s expansion plans, leading to a $10 billion export opportunity loss and $2 billion in value addition loss. Government probes into Chinese companies operating in India have further impacted the sector.
Escalating tensions with China have cost Indian electronics manufacturers $15 billion in production losses as well as 100,000 jobs in the past four years, multiple industry bodies have said in submissions to various ministries.
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These schemes (PLI for components and wearables) will help in developing manufacturing competency and encourage domestic champions in segments such as components and sub-assemblies to enable exports, large scale capacity for production, attract opportunities for new investments and provide an impetus to domestic value addition," MAIT said.