Odisha News, Odisha Latest news, Odisha Daily - OrissaPOST
  • Home
  • Trending
  • State
  • Metro
  • National
  • International
  • Business
  • Feature
  • Entertainment
  • Sports
  • More..
    • Odisha Special
    • Editorial
    • Opinion
    • Careers
    • Sci-Tech
    • Timeout
    • Horoscope
    • Today’s Pic
  • Video
  • Epaper
  • News in Odia
  • Home
  • Trending
  • State
  • Metro
  • National
  • International
  • Business
  • Feature
  • Entertainment
  • Sports
  • More..
    • Odisha Special
    • Editorial
    • Opinion
    • Careers
    • Sci-Tech
    • Timeout
    • Horoscope
    • Today’s Pic
  • Video
  • Epaper
  • News in Odia
No Result
View All Result
OrissaPOST - Odisha Latest news, English Daily -
No Result
View All Result

Indo-China trade crosses $125bn amid New Delhi’s continuous strike at Chinese firms

IANS
Updated: February 12th, 2023, 14:04 IST
in Business, International
0
Highlights of Foreign Trade Policy 2023
Share on FacebookShare on TwitterShare on WhatsAppShare on Linkedin

New Delhi: Amid reports that the Chinese “surveillance balloon” collected information on military assets “in countries of emerging strategic interest to China” such as India, New Delhi has had its share of “national security” concerns with Chinese tech companies and platforms.

The total trade between the two countries has surpassed $125 billion. Chinese exports to India accounted for the majority of this figure, totalling $97.5 billion.

Also Read

US, UK along with allies strike Houthi-controlled areas of Yemen

Ship attacked in Red Sea off Yemen with gunfire, rocket-propelled grenades: UK maritime agency

5 hours ago
Three weeks after F-35B landing in Kerala, UK sends technicians team for repairing stranded jet

Three weeks after F-35B landing in Kerala, UK sends technicians team for repairing stranded jet

5 hours ago

India’s smartphone market has been dominated by Chinese companies like Xiaomi for several years now. Raw materials and components to assemble several tech products in the country are still arriving from China, although the government’s emphasis on local manufacturing is slowly changing this scenario.

India’s tech tussle with China began in June 2020, after Chinese and Indian troops engaged in aggressive skirmishes at locations along the Sino-Indian border, including near the Pangong Lake in Eastern Ladakh and the Tibet Autonomous Region.

Following the Galwan Valley skirmish on June 15, 2020, some Indian campaigns about boycotting Chinese products were started and calls were also made to stop the entry of Chinese companies into the country.

The first ban on Chinese apps was announced in June 2020, starting with 59 apps including popular platforms like TikTok, Shareit, WeChat, UC News, UC Browser, Mi Community and more. India then went on to ban more than 300 Chinese apps.

In 2020, the Indian Army also asked its personnel to delete 89 mobile apps, that included several Chinese apps, from their smartphones to curtail leakage of information.

However, the bigger tech skirmish came when India took on the leading Chinese smartphone companies which are a dominant force in the country.

The Indian government looked into cases of alleged tax evasion by three Chinese mobile companies — OPPO, Vivo India, and Xiaomi. The companies were served notices by the Directorate of Revenue Intelligence (DRI) for duty evasion.

The Enforcement Directorate (ED) had seized Rs 5,551.27 crore of Xiaomi India lying in its bank accounts under the provisions of the Foreign Exchange Management Act (FEMA).

In a major relief to Xiaomi India in December, the Karnataka High Court quashed the Income Tax department’s order of attaching Rs 3,700 crore fixed deposit amount in a tax evasion case against the company.

Indian authorities also prevented Chinese smartphone maker Vivo from exporting 27,000 smartphones worth $15 million for more than a week.

A Chinese state-run Global Times report later claimed that If India uses more unfair practices to aggravate foreign companies’ concerns, “it will not only hurt the interests of Chinese companies but the reputation of India’s business environment may be irreversibly damaged”.

“Relevant departments in India need to further investigate and make clarifications in a timely manner to dispel anxiety among the business community,” said the publication.

According to technology analysts, it will be difficult for India to rid its dependence on China’s relatively cost-effective mobile phones.

Reports also surfaced late last year that China’s ZTE Corporation and Huawei’s Indian unit workforce have reportedly decreased by about 90 percent over the past two years, as the companies have been unable to acquire new businesses, including the supply of 5G technology in the country.

In its latest digital strike, the Centre last week ordered to ban of around 200 apps, including 138 betting apps and 94 loan lending apps, over “Chinese linkage” concerns.

The IT Ministry was recently instructed by the Union Ministry of Home Affairs (MHA) to ban such apps, which operate through a third-party link.

Sources said that all these apps were found to violate Section 69 of the IT Act and contained materials that were deemed as threat to India’s sovereignty and integrity.

–IANS

Tags: Chinaeastern LadakhFEMAIndiaIndo-China tradeMinistry of Home AffairsOppoPangong lakeTradevivo indiaXiaomi
ShareTweetSendShare
Suggest A Correction

Enter your email to get our daily news in your inbox.

 

OrissaPOST epaper Sunday POST OrissaPOST epaper

Click Here: Plastic Free Odisha

#MyPaperBagChallenge

D Rama Rao

December 12, 2019
#MyPaperBagChallenge

Anshuman Sahoo

December 12, 2019
#MyPaperBagChallenge

Vandana Singh

December 12, 2019
#MyPaperBagChallenge

Chinmay Kumar Routray

December 12, 2019
#MyPaperBagChallenge

Matrumangal Jena

December 12, 2019
#MyPaperBagChallenge

Priyabrata Mohanty

December 12, 2019
#MyPaperBagChallenge

Pitabas Tripathy

December 12, 2019
#MyPaperBagChallenge

Amritansh Mishra

December 12, 2019
#MyPaperBagChallenge

Smitarani Sahoo

December 12, 2019
#MyPaperBagChallenge

Kamana Singh

December 12, 2019
#MyPaperBagChallenge

Archana Parida

December 12, 2019
#MyPaperBagChallenge

Keshab Chandra Rout

December 12, 2019
#MyPaperBagChallenge

Nishikant Rout

December 12, 2019
#MyPaperBagChallenge

Manas Samanta

December 12, 2019
#MyPaperBagChallenge

Spinoj Pattnaik

December 12, 2019
#MyPaperBagChallenge

Mandakini Dakua

December 12, 2019
#MyPaperBagChallenge

Praptimayee Biswal

December 12, 2019
#MyPaperBagChallenge

Sibarama Khotei

December 12, 2019
#MyPaperBagChallenge

Swarit Praharaj

December 12, 2019
#MyPaperBagChallenge

Ipsita

December 12, 2019
#MyPaperBagChallenge

Jyotshna Mayee Pattnaik

December 12, 2019
#MyPaperBagChallenge

Rajashree Pravati Mohanty

December 12, 2019
#MyPaperBagChallenge

Pratik Kumar

December 12, 2019
#MyPaperBagChallenge

Adweeti Bhattacharya

December 12, 2019
#MyPaperBagChallenge

Debasis Mohanty

December 12, 2019
#MyPaperBagChallenge

Tapaswini Mallick

December 12, 2019
#MyPaperBagChallenge

Narendra Kumar

December 12, 2019
#MyPaperBagChallenge

Subhajyoti Mohanty

December 12, 2019
#MyPaperBagChallenge

Geetanjali Patro

December 12, 2019
#MyPaperBagChallenge

Shreyanshu Bal

December 12, 2019

Archives

Editorial

Politics of Philosophy

AAKAR PATEL
July 6, 2025

The BJP’s constitution (Article 3) says, “Integral Humanism shall be the philosophy of the party.” The party’s membership form has...

Read more

India’s Spy Shift

July 5, 2025

India’s espionage architecture is quietly shifting. The appointment of Parag Jain as the new chief of RAW comes at a...

Read more

Hungary Lessons

Hungary
July 2, 2025

Revolting against oppression and seeking freedom is ingrained in human nature, something that a repressive regime finds out sooner or...

Read more

New Democratic Face

Zohran Mamdani
July 1, 2025

US President Donald Trump, who had comfortably defeated his Democratic rival Kamala Harris in the recent presidential election and exuded...

Read more
  • Home
  • State
  • Metro
  • National
  • International
  • Business
  • Editorial
  • Opinion
  • Sports
  • About Us
  • Advertise
  • Contact Us
  • Jobs
Developed By Ratna Technology

© 2024 All rights Reserved by OrissaPOST

  • News in Odia
  • Orissa POST Epaper
  • Video
  • Home
  • Trending
  • Metro
  • State
  • Odisha Special
  • National
  • International
  • Sports
  • Business
  • Editorial
  • Entertainment
  • Horoscope
  • Careers
  • Feature
  • Today’s Pic
  • Opinion
  • Sci-Tech
  • About Us
  • Contact Us
  • Jobs

© 2024 All rights Reserved by OrissaPOST

    • News in Odia
    • Orissa POST Epaper
    • Video
    • Home
    • Trending
    • Metro
    • State
    • Odisha Special
    • National
    • International
    • Sports
    • Business
    • Editorial
    • Entertainment
    • Horoscope
    • Careers
    • Feature
    • Today’s Pic
    • Opinion
    • Sci-Tech
    • About Us
    • Contact Us
    • Jobs

    © 2024 All rights Reserved by OrissaPOST