China Tightens Business Visas, Raising Concerns for Indian Manufacturers
What Happened
Indian companies are facing growing difficulties in obtaining Chinese business visas, with some electronics and automobile manufacturers reporting approval rates falling to just 20-40% from near-universal approvals earlier. The tighter scrutiny is delaying factory visits, supplier coordination, equipment procurement, and technical discussions. Approximately 50% of components and capital goods are imported from China, varying industry by industry.
Key Takeaways
Industry players have urged the Indian government to raise the issue diplomatically, as prolonged delays could impact supply chains and India's manufacturing growth ambitions.