Economics
China Imports Stuck at India Ports Show Standoff Casualties
- Pharma ingredients, mobile phone parts among uncleared goods
- Delay may disrupt supply chains that rely on the Asian nations
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Imports from China have been piling up at Indian ports pending government clearances, causing concern that a recent border standoff between the two nations could have an economic fallout that will disrupt supply chains.
From active pharmaceutical ingredients that go into the world’s most-consumed drugs to the innards of popular mobile phones, Indian companies purchase Chinese raw materials that feed their finished products. These consignments are now being delayed and firms aren’t sure why.