Brands
Discover
Events
Newsletter
More

Follow Us

twitterfacebookinstagramyoutube
Youtstory

Brands

Resources

Stories

General

In-Depth

Announcement

Reports

News

Funding

Startup Sectors

Women in tech

Sportstech

Agritech

E-Commerce

Education

Lifestyle

Entertainment

Art & Culture

Travel & Leisure

Curtain Raiser

Wine and Food

YSTV

ADVERTISEMENT
Advertise with us

Chinese technical expertise to get smoother entry into India's manufacturing landscape

Earlier, a lot of firms used to flag the issue of delay in getting visas for Chinese technicians, who are required for works like installation or repair of certain machines, besides training workers in India.

Chinese technical expertise to get smoother entry into India's manufacturing landscape

Thursday November 21, 2024 , 2 min Read

The Indian government's initiative to expedite visas of Chinese technicians, whose expertise is required in manufacturing firms in the PLI sector, is providing relief to such companies, a senior government official said on Wednesday.

Earlier, a lot of firms used to flag the issue of delay in getting visas for Chinese technicians, who are required for works like installation or repair of certain machines, besides training workers in India.

"Now that pendency has come down. A lot of improvement is there. There is a relief in this for those companies. The Ministry of Home Affairs has taken action proactively. In the last two months, things have improved a lot," the official said.

A portal to facilitate these business visas was started to streamline the process.

Also Read
Edging out: Indian manufacturing cashing in on China Plus One strategy but more can be done

The PLI (production linked incentive scheme) scheme was announced in 2021 for 14 sectors, including telecommunication, white goods, textiles, manufacturing of medical devices, automobiles, speciality steel, food products, high-efficiency solar PV modules, advanced chemistry cell batteries, drones, and pharma with an outlay of Rs 1.97 lakh crore.

When asked about PLI disbursement, the official said it is currently "low", but expressed hope that the disbursement will pick up in the coming months.

The official added that despite low disbursals, investments worth about Rs 1.5 lakh crore have come in plant and machinery, and the PLI firms have exported goods worth Rs 4 lakh crore.

"Disbursement is low, but it will pick up, I am sure," the official said.

Settling PLI claims quarterly is anticipated to boost the performance and sentiment of applicants by improving cash flow, faster disbursement of incentives and enhancement in the efficiency of fund utilisation.

In 2023-24, Rs 6,800 crore was disbursed to PLI beneficiaries.


Edited by Suman Singh