NEW PORTAL EASES VISA PROCESS FOR CHINESE TECHNICIANS
Why in the news?
A new portal simplifies short-term business visa approvals for Chinese technicians, crucial for operationalizing production units under India’s PLI scheme, addressing delays caused by the 2020 Galwan clash.
source:wordpress
About New Portal for Chinese Technicians:
- Portal Launch: A new portal has been launched to streamline the approval process for short-term business visas for Chinese technicians.
- Purpose: The portal aims to enhance operational efficiency in sectors under India’s Production Linked Incentive (PLI) scheme.
- Training: The Ministry of Home Affairs (MHA) is training departments on using the portal.
Industry Impact and Visa Delays:
- Visa Issues: Companies importing Chinese machinery faced delays due to visa hold-ups, worsened after the 2020 Galwan clash.
- Dependence: Indian industry relies heavily on Chinese professionals and parts for electronics and engineering.
- Cost: Chinese technicians are preferred for their affordability compared to Western and Southeast Asian counterparts.
Government Policy and Economic Strategy:
- Policy Changes: Post-Galwan, India amended FDI policies, affecting Chinese investments under Press Note 3.
- FDI Data: China’s FDI share in India remains low, with only 0.43% of total equity inflows.
- Economic Survey: Advocates attracting Chinese investments to boost exports and integrate into global supply chains.
Key Features about New Portal Established:
About The Production Linked Incentive (PLI) Scheme :
Associated Article: https://universalinstitutions.com/production-linked-incentive-pli-scheme/ |