Government tells Chinese handset companies to get Indian equity partners

The government has asked Chinese mobile phone manufacturers to induct Indian equity partners in their local operations, said three executives who attended meetings at which the matter was conveyed.

The companies have also been asked to appoint Indian executives in key roles such as chief executive officer, chief operating officer, chief financial officer and chief technical officer, said the three people cited above.

The government has also directed them to appoint Indian contract manufacturers, increase local manufacturing down to the component level through joint ventures with Indian businesses, expand exports from the country and have local distributors, they said. Some of the companies have Chinese distributors.