'Things are easing': India flexible on Chinese investments in electronics; Here's all you need to know
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China dominates electronics manufacturing with a 60% share globally, making it a key player in the industry, an official told PTI, noting that ties between India and China are beginning to ease.
"Things are easing (between India and China). There are signals. Tourist visas have been opened. In electronics, 60% of manufacturing takes place in China. So, there has to be some sort of collaboration," sources told the agency in response to a query on the government's approval for Dixon Technologies' joint venture with a Chinese firm.
Dixon Technologies has received the green light to set up a JV with China's Longcheer and is also in talks with other Chinese firms for similar joint ventures.
The company has entered into distinct agreements with Chinese electronic component manufacturers Chongqing Yuhai Precision Manufacturing Co Ltd and the Indian subsidiary of Kunshan Q Technology to produce and sell electronic components for devices including mobile phones and laptops.
Additionally, the company is developing a joint venture with Chinese smart device manufacturer Vivo.
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