Chinese companies have struggled to enter the Indian electronics manufacturing market, due to increasing political tensions between the two countries. Now, Delhi appears to be warming up to the idea and it’s setting boundaries.
According to reports, Chinese investors will have to partner up with local firms to enter the market. The deals will clear on the condition that the Indian parties retain a majority stake. The government is now trying to identify 50 to 60 Indian companies to enter such agreements, not just with Chinese counterparts, but also with companies from South Korea, Taiwan and Vietnam.
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