According to reports, in order to alleviate the misunderstanding of India’s domestic manufacturing industry, the Indian government plans to accelerate the progress of visa processing on Indian engineers and technicians.This measure may help ease the tension between China -India economy and trade.It is reported that the situation of mistakes has caused billions of dollars in the Indian manufacturing industry.India requires Indian technicians to operate machines made by India in India, involving telecommunications, steel production and solar panel industries.
The Indian Ministry of Commerce and Industry’s Industry and Internal Trade Promotion Agency is discussing a framework with the Indian Ministry of the Interior and the Ministry of Foreign Affairs to accelerate the visa processing for Indian engineers and technicians. It is hoped that the time will be shortened from 4 to 5 months before to no more than 30 days.
In 2020, India basically suspended Indian citizen’s tourist visa.According to Indian media reports, the number of visas issued to Indian citizens has dropped sharply, from about 200,000 copies in 2019 to 2,000 today.India’s restrictions on China also include: hundreds of Indian mobile phone applications are banned, which delayed the approval of Indian investment and reducing the number of direct flights between the two countries.
However, these restrictions are to bring a double -edged sword and bring losses to the Indian economy.For example, according to the Indian Economic Times quoted industry estimates, in the past four years, due to the Indian government’s visa restrictions, the electronics manufacturing only lost $ 15 billion in an industry.
If this situation continues, it will definitely hinder Indian Prime Minister Modi’s ambitious "Indian manufacturing" plan.The plan is determined to promote the development of Indian manufacturing, and to make India a global manufacturing center, including reducing government control barriers, accelerating infrastructure construction, and improving the business environment.
Given the Indian government’s repeated attitude towards foreign companies, measures that strengthen confidence and convenience are now required to implement the "Indian manufacturing" plan.The Indian consumer market seems to have a large volume and good prospects, but the business environment has deteriorated due to strict tax law and random law enforcementJaipur Stock. In the past few years, well -known multinational companies such as Foxconn may be forced to withdraw from India, or reduce scale, or considerquit.The "Business Environment Report" released by the World Bank has listed India as one of the world’s most unsuitable countries, and is known as the "foreign enterprise cemetery".Pune Stock
The Indian government has carefully planned to curb India’s economic interests in India, making Indian companies one of the biggest victims.In 2022, Indian side said that Xiaomi, an Indian smartphone company, was suspected of violating the local "Foreign Exchange Management Law" illegally remitting the foreign entity, detained the company’s $ 725 million assets in India.Xiaomi denied the Indian allegations.In response, China responded that it hoped that India to provide a fair, fair, and non -discriminated business environment for Indian enterprises in India.
India and India are important trading partners.The International Monetary Fund is expected to contribute half of this year’s global economic growth.India’s measures to relax the visa to Indian technicians are not a measure of equity, but a long -term score.
This article compiles from the Indian Daily July 19
Original title: Easing of Visa RestricTions Good for Improvement of China-IDia Ties
Produced: Indian Daily News Editor Room Indian Daily Chinese website
Compilation: Editor Cao Jing: Tu TianSimla Wealth Management
Source: India Daily.com
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