India’s auto and pharma sectors not ready to wean off China – ZAWYA

India’s auto and pharma sectors not ready to wean off China – ZAWYA

India's auto and pharma sectors not ready to wean off China India's auto and pharma sectors not ready to wean off China | ZAWYA MENA Edition HomeBusinessArticleIndia's auto and pharma sectors not ready to wean off China India imported around $70.3 billion of goods from China in the fiscal year to March 2019    Image used for illustrative purpose. Workers assemble a Tata Tigor car inside the Tata Motors car plant in Sanand, on the outskirts of Ahmedabad, India, August 7, 2018. NEW DELHI  - Days after a border clash with China this month in which 20 Indian soldiers were killed, New Delhi told firms to find ways to cut imports from China. But two big industries, automobiles and pharmaceuticals, say this is easier said than done.Like many countries, India relies on China for products such as electronic components and drug ingredients because it cannot make them or source them elsewhere as cheaply, company and industry figures say.Thus any moves to curb imports or make them costlier without developing alternatives will hurt local businesses.Like many countries, India relies on China for products such as electronic components and drug ingredients because it cannot make them or source them elsewhere as cheaply,