India Uses Brics to Build China Alternative in Manufacturing

India wants to make more advanced products at home instead of depending so much on China.

These products include computer chips, electric vehicles and EV parts.

An industry leader says Brics countries could help India get technology, raw materials and better ways to manufacture goods.

India has approved many semiconductor projects and some factories have already started producing commercially.

Government incentives are also encouraging companies to make more automobile and EV components in India.

More EVs are being sold, and thousands of chargers have been installed.

However, selling products in Brics countries may be difficult because each market has different rules and customers.

Companies will need reliable supply chains, competitive prices and workable payment systems.

Payments using local currencies and connected digital systems could make trade easier over time.