Overview

• China recalled more than 300 Chinese engineers from Foxconn’s Indian iPhone facilities this week under regulatory pressure to slow production ramp-up.
• Tighter export licensing for rare earth magnets and specialty fertilisers introduced in April has left key shipments stalled at Chinese ports.
• India plans a Rs 3,500–5,000 crore Production-Linked Incentive scheme to boost local magnet manufacturing and reduce reliance on Chinese imports.
• New Delhi is negotiating alternative supply deals with Australia, Vietnam and African partners to secure critical materials for electronics, EVs and agriculture.
• Broader PLI programmes across 14 sectors and investments in domestic skills development aim to strengthen India’s resilience against Beijing’s economic leverage.