Highlights

  • China’s export restrictions disrupt India’s electronics, solar, and EV sectors.
  • India advised to boost local manufacturing and diversify supply chains.
  • GTRI highlights rising geopolitical tensions.

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India faces delays in electronics, solar, and EV sectors due to China curbs

China's export restrictions on critical inputs are causing delays in India's electronics, solar, and EV sectors. The curbs, likely a response to India's policies, highlight deeper geopolitical tensions and urge India to diversify supply chains.

 
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      Indian businesses in the electronics, solar, and electric vehicle (EV) sectors are facing disruptions and delays due to China’s restrictions on the export of key inputs and machinery, according to the Global Trade Research Initiative (GTRI). These restrictions are believed to be in response to India's actions on Chinese investments and visas, signaling growing geopolitical tensions and a trade conflict.

      Ajay Srivastava, the Founder of GTRI, noted that while these measures harm India’s industries, they are also detrimental to China’s manufacturing and exports. Indian firms are particularly vulnerable due to their heavy reliance on Chinese machinery and components. The think tank emphasized that India needs to strengthen its local manufacturing capabilities and diversify its supply chains to reduce dependence on China.

      In 2023-24, India's imports from China rose to USD 101.73 billion, up from USD 98.5 billion the previous year. To mitigate these impacts, Srivastava recommended that India seek stronger partnerships with Japan and South Korea for high-quality components to sustain its electronics, solar, and EV sectors.

      China's broader strategy of imposing export curbs is seen as retaliation against U.S. sanctions on Chinese tech companies. In recent months, China has placed restrictions on essential materials like gallium, germanium, and lithium, crucial for solar panel production, semiconductors, and electric vehicle batteries. These moves highlight China's ongoing significance in global supply chains despite the U.S.'s efforts to reduce dependence on Chinese goods.

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