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China tensions may boost domestic manufacturing

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MUMBAI/NEW DELHI : Mounting tensions with China could accelerate India’s efforts to cut its dependence on imports from its northern neighbour and give a shot in the arm to local manufacturing, industry experts said.Although China has emerged as India’s largest trading partner with imports accounting for close to 16% of the total, the experts said any disruption will have a relatively brief impact on domestic industry.The disruptions caused to raw material supplies from China because of the coronavirus pandemic has prepared local companies to deal with such events, they said.“The covid-19 situation has underlined the need to enhance deep localisation of components and most of the companies are working on that front," said Vinnie Mehta,.

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