Need to reverse-engineer imports to reduce Chinese dependence emphasised

India needs to urgently take steps to reduce its growing dependence on Chinese imports, according to a recent report by the Global Trade Research Initiative (GTRI). It recommends reverse-engineering of low- to mid-tech imports, stronger domestic production incentives and long-term investment in deep-tech manufacturing to strengthen India’s economic resilience. The need for this shift has become even more critical as geopolitical tensions with China rise. India must nurture firms that can design and fabricate advanced components, and back them with targeted fiscal and regulatory support. Over the past year, China has restricted exports of key raw materials and engineering support to countries including India. Since mid-2023, China has imposed export curbs on critical minerals such as gallium and germanium, which are essential for India’s electronics, electric vehicle (EV) and defence industries. These actions have been seen as a clear warning to New Delhi, as per a report.

 

 

Please visit our youtube channel https://www.youtube.com/@ikargos2719 for fortnightly logistics news analysis and more!