Trade

Indian Steel Magnate Warns of Tech Dependence on China Amid Limited R&D Investment

Steel billionaire Sajjan Jindal states India’s minimal research budgets create technological dependence on China for electric vehicle manufacturing. The JSW Group chairman confirms ongoing negotiations with Chinese automakers despite border tensions and investment scrutiny between the nations.

India’s R&D Spending Gap Forces Reliance on Chinese Technology

India’s limited research and development investment is creating technological dependence on strategic rival China, particularly in the critical electric vehicle sector, according to steel billionaire Sajjan Jindal. The JSW Group chairman revealed his company is negotiating with multiple Chinese manufacturers to acquire EV technology necessary for launching an Indian electric vehicle brand by mid-2025.