New Delhi has told firms to cut Chinese imports but two sectors, automobiles and pharmaceuticals, are facing challenges in implementing this directive. India sources electronic components and drug ingredients from China. These are not available elsewhere at the cheap prices that China offers. Any moves to curb Chinese imports without developing alternatives will hurt local businesses.
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New Delhi has told firms to cut Chinese imports but two sectors, automobiles and pharmaceuticals, are facing challenges in implementing this directive. India sources electronic components and drug ingredients from China. These are not available elsewhere at the cheap prices that China offers. Any moves to curb Chinese imports without developing alternatives will hurt local businesses.
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