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India to Fast-Track China Visas After Businesses Hit by Delays.
- Source :
- Bloomberg.com; 7/16/2024, pN.PAG-N.PAG, 1p
- Publication Year :
- 2024
-
Abstract
- The Indian government is working to reduce visa delays for Chinese technicians in response to complaints from businesses. The aim is to fast-track visas for engineers and technicians needed to install Chinese-made machines in Indian factories, cutting down the processing time from 4-5 months to within 30 days. The strict rules imposed on China following a border clash in 2020 have led to a decrease in Chinese visas issued by India. The government plans to streamline the visa process by allowing all companies in targeted sectors that receive government subsidies to apply for business visas for Chinese workers. However, executives still face challenges due to the visa restrictions, which have led to escalating costs and a loss of credibility for Indian firms. The border standoff with China has also resulted in a significant loss of production and job opportunities in the electronics sector. The industry acknowledges the importance of national security but emphasizes the need for skills transfer and technology absorption to achieve India's economic goals. The government's actions against Chinese firms have further impacted the industry, as fewer Chinese nationals are willing to travel to India for business opportunities. The industry remains cautiously optimistic that the matter will be resolved in a timely manner. [Extracted from the article]
Details
- Language :
- English
- Database :
- Complementary Index
- Journal :
- Bloomberg.com
- Publication Type :
- Periodical
- Accession number :
- 178457864