Like we do apple iphone in TN?
All the important shit comes from China.
Chinese people per capita, wages grown quiet alot in last decade.
Big Foreign & indian companies should publish indigenous content percentage before using make in india.
Sickel & Screwdriver.
We need to begin somewhere.
And it is perfectly normal for companies to import components to keep the production cost low, initially. Till there is increase in demand in EV sector & vertical integration provides better returns.
The recent rise in imports from China can be attributed to PLI. It is a short term effect attributed to lack of a local supply chain.
For PLI Electronics to succeed we need the Semiconductor Mission to successfully setup foundries & display fab units & PLI Chemicals in setting up Li battery units. Only then backward integration is possible.
All these PLI schemes are at various levels of implementation with most only active for last 1 year. It will take atleast 3-4 years for all these new facilities to integrate themselves into the Indian supply chain.
And only then import substitution can happen.