India’s top contract electronics manufacturer, Dixon Technologies, has applied for government approval to set up a joint venture with China-based HKC for manufacturing display modules used in smartphones, notebooks, and televisions. Executive chairman Sunil Vachani told PTI that the application was submitted under Press Note 3 of 2020, which mandates prior clearance for foreign investments from countries sharing land borders with India.
European Union Commissioner for Trade and Economic Security Maros Sefcovic raised concerns with Chinese Commerce Minister Wang Wentao on June 3 over China’s export curbs on rare earths and permanent magnets—materials critical to EU industry. The meeting highlighted mounting anxiety across Europe’s automotive and manufacturing sectors.