Indian companies should reduce dependence on China, reiterates Jaishankar

External affairs minister S Jaishankar on Friday emphasized the importance of Indian companies gradually reducing their dependence on Chinese imports and shifting towards local procurement. Speaking at the industry body Confederation of Indian Industry’s (CII) annual business summit, Jaishankar highlighted the need for caution in business relations with China, despite ongoing trade. “If peace and tranquillity in the border areas are disturbed, would you do business with someone who has barged into your turf? If a country has gone back on written agreements and is doing something on our borders, how can we then say that the business world will…