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India is planning to allow Chinese companies to invest under the electronics component Production Linked Incentive (PLI) scheme, but only through joint ventures (JVs) with Indian firms, sources told CNBC-TV18.
Under the proposed guidelines, Chinese companies will be able to invest through JVs where they can hold up to 49% stake for specific components. For other, more sensitive components, stricter caps of 26% and 10% will apply. In all cases, management and control of the JV must remain with the Indian partner.
Under the proposed guidelines, Chinese companies will be able to invest through JVs where they can hold up to 49% stake for specific components. For other, more sensitive components, stricter caps of 26% and 10% will apply. In all cases, management and control of the JV must remain with the Indian partner.
Sources added that any JV seeking PLI…
