An inter-ministerial panel has approved investment proposals in the electronics manufacturing sector, including some from Chinese companies, amidst border tensions. Prominent approvals include Luxshare, a vendor for Apple, and a JV between Bhagwati Products (Micromax) and Huaqin Technology. The move follows pressure from the industry to diversify supply chains. The panel is cautiously opening up to Chinese investment, ensuring local value addition and strict safeguards.
