India relaxes curbs on Chinese equipment for power and coal sectors to address project delays

New Delhi is easing five-year restrictions on Chinese equipment to prevent delays in critical energy projects. Officials cite national interest for the shift.

洞察:
The government of India ININ has initiated a process to ease five-year-old restrictions on the import of power-transmission and coal equipment from China CNCN. This policy shift allows state-run power companies and state-run coal companies to engage in limited purchases of essential machinery to mitigate acute equipment shortages and ongoing project delays. This development marks the first significant relaxation of curbs that have largely excluded Chinese equipment suppliers from the country's extensive government procurement space since border-related restrictions were imposed in 2020.
Chinese President Xi Jinping and Indian Prime Minister Narendra Modi meet on the sidelines of the BRICS summit in Kazan, Russia, on October 23, 2024. China Daily via REUTERS /File Photo
Chinese President Xi Jinping and Indian Prime Minister Narendra Modi meet on the sidelines of the BRICS summit in Kazan, Russia, on October 23, 2024. China Daily via REUTERS /File Photo
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