Why is India expediting visa applications from China?
Jun 7, 2024
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The podcast delves into why India is simplifying visa procedures for Chinese travelers, highlighting historical tensions and global business dynamics. It also touches on strategies to diversify business, attract foreign investments, and reduce dependency on China through streamlined visa approvals.
India aims to diversify business away from heavy reliance on China through expedited visa approvals.
Streamlining visa procedures for Chinese professionals is crucial for India's manufacturing growth and technological capabilities.
Deep dives
Indian Government Eases Visa Procedures for Chinese Individuals
The Indian government has recently simplified and expedited visa approvals for selected Chinese travelers visiting India, despite historically tense relations between the two countries. This move comes as part of India's strategy to diversify its business and supply chains away from heavy reliance on China, especially with the emergence of alternative manufacturing hubs in countries like Vietnam, Malaysia, and Taiwan. By facilitating visa approvals for Chinese technicians and engineers essential for India's manufacturing growth, India aims to attract foreign investments, reduce dependence on Chinese imports, and enhance its industrial capabilities.
India's Production Linked Incentive Scheme and Beyond
In 2020, India introduced the Production Linked Incentive (PLI) scheme to promote local manufacturing, generate employment, and attract global companies to invest in India. Through this initiative, companies manufacturing in India receive financial incentives based on incremental sales. While India strives to reduce its reliance on Chinese manufacturing, it recognizes China's dominance in global manufacturing due to its rich reserves of raw materials and natural resources. Despite India's growing manufacturing aspirations, Chinese expertise remains crucial for technologies, installations, and repairs in Indian industries, highlighting the importance of streamlining visa procedures for Chinese professionals.
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India easing visa procedures for Chinese travelers