skip to content
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post

Arvind Viramani Proposes China Ventures To Boost Manufacturing, Cut Imports

- Advertisement -

Focusing on FDI from China, Arvind Viramani proposes joint ventures with Chinese firms to invest and produce goods, boosting India’s exports to the US.

On Sunday, August 4, NITI Aayog member Arvind Virmani advocated that it would be better for India to attract companies from neighbouring countries to invest and produce goods in India rather than importing products from China. He said such a move would encourage local product manufacturing. The Economic Survey, unveiled on July 22, a day before the General Budget, advocated foreign direct investment (FDI) from China to boost local manufacturing and access the export market.


Focusing on FDI from China seems more promising in increasing India’s exports to the US. Also, choosing FDI to benefit from China is more beneficial than relying on trade. This is because China is India’s largest import partner, and the trade deficit with China is increasing. Given the US and Europe’s shift away from China, this localised production could also help India tap into these markets effectively.

- Advertisement -


The proposed strategy of attracting FDI from China for localised production is a significant trade-off that could greatly benefit India’s economy. It suggests that getting Chinese firms to invest in India and produce goods here is a more sustainable approach than long-term imports from China.

- Advertisement -

Most Popular Articles

Industry's Buzz

Stellantis, IVECO Partner For Electric Van Expansion

0
With sustainable last-mile solutions, Stellantis Pro One and IVECO team up to launch two all-electric vans by 2026, expanding Europe’s commercial EV market. Stellantis...

Pegatron To Open US Server Factory Amid Tariffs

0
To dodge tariffs, Pegatron is opening a US server factory, boosting AI and EV production. With global expansion, the company eyes strong growth in...

Advancing 5G Networks With AI

0
By integrating AI-driven antenna expansion technologies, this partnership is driving innovation in next-generation networks. Anritsu Corporation is excited to share that SK Telecom (SKT), South...

Lenovo To Move PC Production To India, Advances AI

0
Amid global shifts, Lenovo plans to shift all PC production to India and produce AI servers in Pondicherry, boosting local manufacturing and strengthening its...

Zetwerk Launches New Electronics Manufacturing Unit Near Chennai

0
As a part of its ₹10 billion investment, Zetwerk Electronics opens a new facility in Tamil Nadu with cutting-edge tech and 1200 jobs. Experts...

Learn From Leaders

Rajasekar Elavarasan, Founder of Raana Semiconductors Private Limited

“We Aim To Become The First Company In India To Manufacture Solar-Grade Silicon Wafers...

0
When it comes to silicon wafer fabrication, techniques and their applications vary, along with a complex procedure of purity assessment. How an Indian startup...
This image has an empty alt attribute; its file name is Mr.-Anees-P-K-Director-Technical.jpg From Left to Right in the Image Mr. Anees P K - Director (Technical) Mr. C S Kailash - Director (Business) Mr. Akhil Joy - Director (IOT & Software)

“Evs Need Chargers To Grow, But Businesses Wait For Demand. We Aim To Bridge...

0
Something more than just plugging in, what happens when IoT enters the scene of EV charging? What challenges are shaping its future? In a...
Subhendu S Satpathy, CEO of Mokkomotto

“GaN Adapters Are Smaller, More Powerful, And More Efficient, Offering Up To 95% Efficiency...

0
Discussing electronics product designing, Subhendu S Satpathy from Mokkomotto, shares with EFY’s Nidhi Agarwal why they bet their future on GaN technology and how...
Sajan Pullikoti David from Amara Raja Electronics Limited

“We Are Considering Potential Mergers And Acquisitions For Future Growth” – Sajan Pullikoti David...

0
EFY’s Yashasvini Razdan engages in a conversation with Sajan Pullikoti David from Amara Raja Electronics Limited (AREL), the electronics manufacturing services arm of the...
Utkarsh Kapoor and Rame Kachroo from ORIGHT

“Our Device Detects Milk Adulteration And Measures fat And SNF Content In About 40...

0
While in conversation with EFY’s Nidhi Agarwal, Utkarsh Kapoor and Rame Kachroo from ORIGHT discussed technologies that help increase transparency, improve efficiency, and ensure...

Startups

Utkarsh Kapoor and Rame Kachroo from ORIGHT

“Our Device Detects Milk Adulteration And Measures fat And SNF Content In About 40...

0
While in conversation with EFY’s Nidhi Agarwal, Utkarsh Kapoor and Rame Kachroo from ORIGHT discussed technologies that help increase transparency, improve efficiency, and ensure...
Perceptyne Co-founders

The World As Perceived By Perceptyne’s PR-34D

0
Hyderabad-based startup Perceptyne is building semi-humanoid robots that “are as flexible and adaptable as humans” for industrial settings. Ever stop and wonder how easy it...

An EYVA A Day Keeps Blood Sugar Pricks Away!

0
A single 60-second touch is all it takes to check your sugar levels. Enjoy that cookie and track the spike—no bloodshed required—with BlueSemi’s wellness...

Flextron’s Affordable And Rapid EV Charging For Last-Mile Needs

0
Founded in 2021 and headquartered in Bengaluru, Flextron is redefining EV charging with lightning-fast tech and a smart subscription model. The company was established by...

If You Like Your Health, Put a Ring on It!

0
Beyoncé had a point—if you like something, put a ring on it. And who does not like their health? A Bengaluru-based startup is making...