Shipments from China are stuck at Indian ports
Import consignments from China are learnt to be facing hurdles at some ports, including Chennai and Mumbai. This delay is because of the conflict on the Line of Actual Control (LAC) has started to cause concern for American firms with manufacturing operations in India, as they are experiencing difficulties in accessing crucial components from their facilities in China. Customs authorities have indicated to importers that there will be delays in clearing Chinese shipments, but have not cited any reasons.
Apple, Cisco and Dell products are among the goods from U.S. companies being caught up in India's border. Though no government notice has been issued, customs officers at major Indian ports have held back containers coming from China, seeking additional clearances.
The U.S.-India Strategic Partnership Forum (USISPF), a lobby group representing U.S. firms, told India's commerce ministry in a letter dated June 23 that lack of clarity and delays could disrupt business and manufacturing operations.
According to sources, Apple, Cisco, Dell and Ford Motor Co products were among those held up. Electronics components of Taiwan's Foxconn, a contract manufacturer for Apple in India, were also affected.
Indian electronics and mobile industry group ICEA said its members had been told Chennai, Mumbai and Delhi Airports would have a new examination procedure for all consignments coming from China.
Bharti Enterprises wins bid for OneWeb
Bharti Enterprises will provide the company commercial and operational lead...
Pakistan temporarily bans PUBG due to 'negative impact'
Pakistan has temporarily blocked the popular online game PlayerUnknown's Ba...
On Mumbai Airport scam, CBI books GVK Chief's son for siphonin
The CBI has booked the Chairman of the GVK Group of Companies, Venkata Kris...