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To bring iPad manufacturing to India, govt may allow Chinese JVs: Report

Several global companies are exploring a China Plus One strategy to avoid supply chain bottlenecks as the world's second largest economy grapples with a surge in COVID-19 infections

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Photo: Bloomberg

Reuters
The Indian government may review its stance on Chinese investments to help global firms looking to relocate to the country, CNBC-TV18 reported on Friday, citing government sources.

Several global companies are exploring a China Plus One strategy to avoid supply chain bottlenecks as the world's second largest economy grapples with a surge in COVID-19 infections.

Multinational companies are keen to pursue manufacturing in India, but want to continue existing Chinese joint ventures, CNBC-TV18 reported.

IPhone maker Apple wants China's BYD to be allowed to sign a joint venture with an Indian company to move iPad production to the country and

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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