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As the stage gets set for the BRICS Summit on September 12-13, industry body Assocham has written to Rudendra Tandon, Secretary, Ministry of External Affairs, proposing a structured inter-ministerial engagement with the Ambassador of the People’s Republic of China on residual visa, technology movement and supply chain matters affecting Indian manufacturing. According to sources, visa curbs on Indians from various sectors, including automotive and electronics over the last two years, along with restrictions on materials such as rare earth permanent magnets (REPM), have led to a disruption in manufacturing, prompting calls for quick resolutions to safeguard the supply chain. “The…
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