BENGALURU, Dec 30 (Reuters) – The Indian authorities could overview its stance on Chinese investments to assist world companies seeking to relocate to the nation, CNBC-TV18 reported on Friday, citing authorities sources.

Several world firms are exploring a China Plus One technique to keep away from provide chain bottlenecks because the world’s second largest economic system grapples with a surge in COVID-19 infections.

Multinational firms are eager to pursue manufacturing in India, however need to proceed present Chinese joint ventures, CNBC-TV18 reported.

IPhone maker Apple desires China’s BYD to be allowed to signal a three way partnership with an Indian firm to maneuver iPad manufacturing to the nation and the federal government would possibly take into account the transfer, the report mentioned.

The authorities would possibly enable joint ventures with Chinese firms in sectors the place India doesn’t have technical experience, the report mentioned.

India and China have maintained frosty relations following the worst border conflict between the neighbouring international locations since 1962 in June 2020.

Following the conflict, India has blocked the nation from taking part in authorities tenders, compelled Chinese firms investing within the nation to hunt approvals and banned dozens of Chinese apps. (Reporting by Nallur Sethuraman in Bengaluru; Editing by Sriraj Kalluvila)