Beijing (PingWest)—Apple, Cisco and Dell products are among the goods from US companies being caught up in India’s border tensions with China, as Indian ports hold up imports from China, Reuters reported, citing sources familiar with the matter.
Although the government has not issued any notice, customs officers at major Indian ports have blocked containers coming from China in search of further customs clearance, said the report.
The delays at the ports appear to be affecting all shipments from these firms. That's regardless of whether they are complete items ready for sale, or components needed for manufacture. Foxconn operates a plant at Chennai, where it manufactures the iPhone XR.
The move comes amid heightened tensions between India and China after border clashes last week that saw at least 20 Indian soldiers killed.
In recent weeks, as India’s anti-China sentiment continues to rise, people have been calling for boycotts of Chinese products. However, since China is India’s largest trading partner, it is difficult for the country to suddenly cut off or reduce its trade and economic ties with China. Moreover, Chinese companies have made huge investments in Indian unicorns, such as ride-hailing company Ola, fintech company Paytm and meal delivery app Zomato.
Wang Yi, Foreign Minister of China, said on June 17 that China and India have agreed to impartially deal with the serious clash between their troops at Galwan Valley and de-escalate tension in the border area as soon as possible.
On the same day, Beijing-backed Asian Infrastructure Investment Bank (AIIB) has approved a loan of $750 million to help India battle the impact of the coronavirus pandemic on the vulnerable households.
The project, co-financed by the Asian Development Bank, aims to strengthen economic aid for businesses, expand social safety nets and bolster healthcare.
In May, AIIB approved a $500 million loan to assist India’s emergency response to the pandemic. Both loans are part of a $10 billion funding facility the AIIB has announced to help public and private sectors fight the outbreak.