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Electronics firms fear blocking of China goods will hit festive plans

With consignments stuck at ports in the two countries, manufacturers now fear a severe impact on their festive season plans if the issue is not resolved by mid-July.

Import, Export, trade, protectionism, Free Trade agreements, deals, FTA, Shipping, Sea ways, Sea transport, Water ways, Water transportGrowth, Economy
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According to the data from the Ministry of Commerce, manufacturers in India imported Rs 10.7 trillion worth of telecom and handset equipment in 2018-19, while for TVs, it was Rs 95,500 crore.

Arnab Dutta New Delhi
Like-for-like measures by the port and Customs authorities in India and China may derail electronics manufacturers’ plans for recovery before the festive season starts. 

With consignments stuck at various ports in the two countries, manufacturers now fear a severe impact on their festive season plans if the issue is not resolved by mid-July.

As the authorities hold back consignments from China at Indian ports, leading manufacturers are now in limbo. After disruption in supplies from China between March and May, shipments began to revive only in June. Most manufactures were expecting shipments of key electronic components in larger quantities as their inventories

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