India to Fast-Track China Visas After Businesses Hit by Delays

- India's government is finalizing rules to expedite visa processing for Chinese technicians, addressing business complaints about delays impacting manufacturing. - The new framework aims to reduce visa processing time from 4-5 months to within 30 days, involving multiple government departments. - Strict visa rules were imposed after a 2020 border clash, significantly reducing the number of visas issued to Chinese nationals. - Businesses argue that the visa restrictions are hindering India's manufacturing ambitions and increasing costs. - The India Cellular & Electronics Association estimates a $15 billion production loss and 100,000 job opportunities lost due to the border standoff. Source: Bloomberg