China's boycott makes it difficult for the electronics industry to meet festive demand
Mumbai, Ta. 26 June 2020, Friday
Companies manufacturing or assembling electronics products are finding it difficult to prepare ahead of the upcoming festive season due to the blockade of goods coming from China at the country's ports.
If the dispute with China is not resolved in the next fortnight, the industry is worried that the pre-festival plans of electronics manufacturers and dealers will be disrupted.
Authorities have stopped consignments from China at ports. "Supply was disrupted from March to May due to Kovid-17 and the recovery started in June due to a border dispute," said a local trader.
Most of the electronics manufacturers in the country currently have very low stocks of components and are expecting large consignments. Companies with stalled consignments are seeing the possibility of a delay in production. As a result, they are facing the threat of supply disruption during Agam Balev, Janmashtami and Ganapati festivals. Demand was washed away during the lockdown period.
In addition, due to the coronavirus, sales at festivals like Goody Padwa and Ram Navami were almost zero, said another trader. While most of the country's electronics manufacturers and traders rely heavily on Chinese goods, thorough checking of consignments from China may not be practical, the sources said.
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