“,”elements”:[]}],”thumb_big”:”https://etimg.etb2bimg.com/thumb/msid-117225135,imgsize-9964,width-1200,height=765,overlay-etauto/industry/chinese-cos-face-capital-equipment-punishment.jpg”,”thumb_small”:”https://etimg.etb2bimg.com/thumb/img-size-9964/117225135.cms?width=150&height=112″,”time”:”2025-01-14 11:36:15″,”is_live”:false,”prime_id”:0,”highlights”:[],”highlights_html”:””,”also_read_available”:false,”body”:”
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Sectors with heavy reliance on China, like electronics, solar panels and electric vehicles (EVs), are facing severe challenges in getting capital equipment including hi-tech machinery, with India’s Far East neighbour almost halting supplies, say industry executives.
Beijing’s move, experts said, is aimed at stalling the manufacturing expansion of the likes of Apple supplier Foxconn, electric vehicle manufacturer BYD and laptop major Lenovo in India. It is difficult to scale up capacity without the high-tech machinery, which is not available readily in India.
The government has been made aware of the situation by industry and mitigating measures are being considered.
But for the near term, this would mean a setback to the large manufacturing operations that have been set up by companies such as Foxconn in the electronics sector and joint ventures in the auto sector, the executives said.
“The Chinese government is stopping capital equipment exports from China which are critical to the manufacturing of various products, especially electronics, EVs and solar panels, etc.,” said an executive on the condition of anonymity. “The solar sector has been suffering for quite a while.”
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Beijing’s move, experts said, is aimed at stalling the manufacturing expansion of the likes of Apple supplier Foxconn, electric vehicle manufacturer BYD and laptop major Lenovo in India. It is difficult to scale up capacity without the high-tech machinery, which is not available readily in India.
“>
Sectors with heavy reliance on China, like electronics, solar panels and electric vehicles (EVs), are facing severe challenges in getting capital equipment including hi-tech machinery, with India’s Far East neighbour almost halting supplies, say industry executives.Beijing’s move, experts said, is aimed at stalling the manufacturing expansion of the likes of Apple supplier Foxconn, electric vehicle manufacturer BYD and laptop major Lenovo in India. It is difficult to scale up capacity without the high-tech machinery, which is not available readily in India.The government has been made aware of the situation by industry and mitigating measures are being considered.But for the near term, this would mean a setback to the large manufacturing operations that have been set up by companies such as Foxconn in the electronics sector and joint ventures in the auto sector, the executives said.
“The Chinese government is stopping capital equipment exports from China which are critical to the manufacturing of various products, especially electronics, EVs and solar panels, etc.,” said an executive on the condition of anonymity. “The solar sector has been suffering for quite a while.”