Bad News for India as China plans to halt supply of key items, PM Modi’s important schemes to get…, Donald Trump to…

It is important to note that China is going through difficult times. The newly elected US President, Donald Trump, is planning to erect a tariff wall against Chinese exports.

New Delhi: China is planning to target the popular and pro-people schemes of Prime Minister Narendra Modi. According to the reports, the Xi Jinping government is worried by schemes like the PM Surya Ghar Free Electricity Scheme and Make in India, as these could potentially disrupt its game in India. Reports suggest that the Chinese government has started halting the supply of items that India is dependent on.

This could directly impact schemes like Make in India and PM Surya Ghar.

Industries that are dependent on China, such as electronics, solar panels, and electric vehicles (EVs), are facing difficulties in importing large machines. The main idea of China behind halting the supply of items is to prevent companies like Apple supplier Foxconn, EV manufacturer BYD, and laptop company Lenovo from increasing their manufacturing in India.

High-tech machines are not easily available in India, making it difficult for companies to ramp up production. The government has been informed about this issue, and solutions are being sought. However, for the time being, large companies like Foxconn and joint ventures in the auto sector are likely to face losses.

Blow to the Make in India Scheme

This decision to halt supply by China will have a direct impact on PM Modi’s Make in India initiative. The goal of this initiative is to establish India as a global manufacturing hub. Through this, manufacturing in India is being promoted.

The aim is to create local employment opportunities and strengthen the country’s economy. The scheme encourages foreign companies to set up manufacturing units in India.

It is important to note that China is going through difficult times. The newly elected US President, Donald Trump, is planning to erect a tariff wall against Chinese exports. Chinese and Taiwanese companies like Foxconn, Pegatron, and Compal are looking to reduce their risk in China. They want to establish manufacturing units abroad, and India seems to be the most favorable option.

China is also realizing that India could be the only challenger in the region. After the Galwan border conflict in 2020, the Modi government imposed several restrictions on Chinese investments, but gradually, some relief has been provided.