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India is flexible for collaboration of domestic companies with Chinese, especially electronics, a government source said on Friday. Around 60 per cent of electronics manufacturing happens in China, and hence, it is not easy to ignore it, the source added. "Things are easing (between India and China). There are signals. Tourist visas have been opened. In electronics, 60 per cent of manufacturing takes place in China. So, there has to be some sort of collaboration," the sources said. He was replying to a question on government approval for the Dixon joint venture with Chinese companies. Dixon Technologies has received approval from the Indian government to form a joint venture (JV) with Chinese peer Longcheer. Dixon has been reaching out to several Chinese companies for joint ventures. It has signed separate agreements with Chinese electronic component firms -- Chongqing Yuhai Precision Manufacturing Co Ltd and the Indian arm of Kunshan Q Technology -- for manufacturing and sales o
Hisense group, a China-based multinational appliance and electronics manufacturer, is in talks with Epack Durable to acquire a minority stake in a step-down subsidiary of the Original Equipment Manufacturer (OEM). In a clarification to bourses on Tuesday, Epack Durable Private Limited (EDPL) said it is in discussions with the Chinese manufacturer. "We would like to inform you that business discussions are currently in the preliminary stage," said Epack Durable. The Greater Noida-based company further said it will file the requisite disclosure in compliance with applicable laws when required. According to Epack Durable, it is India's second-largest Original Design Manufacturer (ODM) of room air-conditioners based on the total number of indoor and outdoor units. The company, which was listed on NSE and BSE earlier this year, is expanding its manufacturing facilities including at its recently started Sri City. Established in 2002, Epack Durable manufactures RAC (room air-conditioner
Electronic component manufacturers should ensure the country's security interests while starting new projects, said Union IT Secretary S Krishnan on Saturday. Ministry of Electronics and Information Technology Secretary Krishnan said the government was opening up on this topic and has been instructing companies to ensure that while designing a project, the country's security interests should be taken care of. "We spoke about this briefly (in the past) and how cyber security is becoming more and more important. This is something I would especially want the senior citizens, here something we need to be extremely careful about on a day-by-day basis," Krishnan said. He made those comments while delivering the 10th G Ramachandran Endowment Lecture on 'Building Economic Resilience Through Technology' organized by the Madras School of Economics and The Southern India Chamber of Commerce and Industry (SICCI) here on Saturday. Elaborating, he said, "With this space (cyber security) getting