India likely to allow Chinese companies to participate in electronics component PLI via JV route: Sources

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India is planning to allow Chinese companies to invest under the electronics component Production Linked Incentive (PLI) scheme, but only through joint ventures (JVs) with Indian firms, sources told CNBC-TV18.
Under the proposed guidelines, Chinese companies will be able to invest through JVs where they can hold up to 49% stake for specific components. For other, more sensitive components, stricter caps of 26% and 10% will apply. In all cases, management and control of the JV must remain with the Indian partner.

Sources added that any JV seeking PLI…



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India likely to allow Chinese companies to participate in electronics component PLI via JV route: Sources


India is planning to allow Chinese companies to invest under the electronics component Production Linked Incentive (PLI) scheme, but only through joint ventures (JVs) with Indian firms, sources told CNBC-TV18.
Under the proposed guidelines, Chinese companies will be able to invest through JVs where they can hold up to 49% stake for specific components. For other, more sensitive components, stricter caps of 26% and 10% will apply. In all cases, management and control of the JV must remain with the Indian partner.

Sources added that any JV seeking PLI…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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