Govt asks Chinese mobile manufacturers to develop local suppliers

New Delhi, June 13 (KNN) The central government has directed Chinese mobile phone manufacturers to appoint Indian contract manufacturers and increase local manufacturing down to the component level through joint ventures with Indian businesses, reported ET.

Three executives who attended meetings at which the matter was conveyed told ET that the companies have been asked to expand exports from the country and have local distributors.

They are also directed to induct Indian equity partners in their local operations, reported ET. 

Companies have also been asked to appoint Indian executives in key roles such as Chief Executive Officer (CEO), Chief Operating Officer (COO), Chief Financial Officer (CFO) and Chief Technical Officer (CTO).

Government gave instructions to the Chinese companies to ensure legal compliance and not to evade taxes in India.

Top government officials communicated these issues to Chinese firms including Xiaomi, Oppo, Realme and Vivo as well as the India Cellular and Electronics Association (ICEA)

This was told at recently held meetings by the Ministry of Electronics and information technology (MeitY).  (KNN Bureau)