New Delhi, Sept. 18 -- Despite diplomatic signals in July suggesting a possible easing of restrictions, China has yet to resume shipments of rare earth magnets to India.
The curbs, imposed on April 4 citing regulatory reasons, have left Indian automakers and component manufacturers grappling with supply shortages that are disrupting production.
The discussions in July between S. Jaishankar and Wang Yi had raised hopes of resuming trade, but no formal approvals have come through. Industry executives said suppliers in China are still awaiting clearance to dispatch consignments.
"Despite Beijing's indications, there has been no movement on the ground. Our suppliers are stuck, and we are urging Society of Indian Automobile Manufacturers (S...
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