India’s auto, pharma sectors not ready to wean off China Business News


Source: indiatoday.in indiatoday.in

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Like many countries, India relies on China for products such as electronic components and drug ingredients because it cannot make them or source them elsewhere as cheaply, company and industry figures say. Earlier, firms were asked to find ways to cut imports from China. But two big industries -- automobiles and pharmaceuticals -- say this is easier said than done. advertisement June 26, 2020 UPDATED: June 26, 2020 09:04 IST Workers assemble a Tata Tigor car inside the Tata Motors car plant in Sanand, on the outskirts of Ahmedabad, India, August 7, 2018. (Photo: Reuters) Days after a border clash...