Electronics industry asks government to allow China JVs with 26% stake cap
New Delhi: Electronics industry leaders have asked the Centre to allow investment proposals featuring joint ventures with Chinese companies in the automatic route, while limiting equity ownership to a minority 26%, sources said.
Recommendations from multiple industry bodies including the Confederation of Indian Industry (CII), and the India Electronics & Semiconductor Association, has pointed out this is crucial to establish advanced component manufacturing in India, according to documents ET reviewed.
