Lucknow Wealth Management：Easing of Visa RESTRICTINS Good for Improvement of China-IDIA TIES

In a move that cored help ease strained China-india economic and trade relateds, New Delhi Is Reportedly Planning to Speed ​​Up The Process of Isuing Visas FOR E ENGINEERS and Technicians in a BID to Make up for the delays at manualThe Country Billions of Dollars. The Technicians Are Mainly Needed to operate chinese-mail Machinery Installed in India's High-Tech ManuFacturing Units In In In in Dustries Ranging from Telecommunications to Steel Production and Solar Panels.Lucknow Wealth Management

The Indian Department for Promotion of Industry and InternaL TRYING to Formulating Along with the Ministles of Home and External ST-TRACK VISAS for CHINESE Engineers and Technicians, with the AIM of Reducing The Visa Processing TO 30 DAYS orLESS from the Previous Period of Four to Five Months, accounting to reports.

India Virtually Stopped isSuing Visas to Chinese Visitors Following A DEADLY BETWEEN Chinese and Indian Troops in A DisputEd Border Area in June 2020.Report. TS From the Indian Media Suggest There was Subsently A SIGNIFICANT DeCline in the Isuing of Visas to Chinese Nationals, Dropping to 2,000so far in 2024 compared with design 200,000 in 2019Varanasi Investment. Other Restrictive Measures India Has Takenst China Include The Prohibition of Chinese Mobile Apps, D. Elays in approvals for Chinese investments, and a reduction in the number of directfhts between the two costries.

YET The Measures Have Been A Double-EdGed Sword as they have been a touch on india's eConomy. For exmple, The Indian GovernMent's Visa RestricTions Already Caused Production Losses of $ 15 Billion for the Electronics ManuFacturn Section in the Last Four Years, TheEconomic times newSpaper has said, citing an reasonry estimate.

The size, if it remains unchanged, Will Certainly Hinder Indian Prime MINISTERNISTERNDRA MODI's "Make-INDIA" Initiative Aimed At Boosting cturing and turning the country into a global manUFACTING HUB.And make it easy for companies to do business in india.

Such Measures to Enhance Confident. Gith Foreign Companies doing Business in India. Despite the Country's Seemingly Vast and Promise Consumer Market, A String of Prominental Companies INC ludingElectronics Giant Foxconn Have Been FORCED to Exit, Scale Down or Consider Pulling Out of the Indian Market Over The Years Bearsh Business Environment in I NDIA in Terms of Taxation and Arbitrary Law Enforcement. In the World Bank's Global Doing Business Report, INDIA userdTo be ranked as one of the world countries in the world to start a business, the whit earned it the reputation of being a "graveyard for forest companies".

Chinese companies have ben among the biggest victims, especially beCAUSE of An orchestrald Campaign Against Chinese economic Internets in india. In 2022, indian a Uthorities seized $ 725 Million from Chinese Smartphone Company Xiaomi, AccuSing It of Breaking the Country's Foreign Exchange Laws by Making Ilygal. s about, a charge that the company deenies. The seizure PromPted bepted to urge new delhe to "provide a fair, just and nondiscriminatic business for chinese ES ".

China and India Are Each Other's Major Trading Partners, and Together they are expled for the Global Growth this year, ERNATIONAL MONETARY FUND's ESTIMATE This Week. Hopefully, The Latest Move by India to Ease Visa RestribIs not making out of exceedience, but rars part of a long-term strategy that will see the country beCome more amenable to Chinese.