External Affairs Minister S Jaishankar said India has raised with China the issue of Indian business executives facing difficulties obtaining Chinese business visas. Speaking at the ET World Leaders Forum on Saturday, Jaishankar said New Delhi was aware of the problem and had taken it up with Beijing.
"So, about those stories on business visa issues, which our businessmen have been facing, we have seen them, and I want to say for those of you who may have an interest or who may have been affected, we have taken it up as well," Jaishankar said, as reported by The Economic Times.
Visa issue and border peace
The minister's remarks came amid concerns raised by Indian businesses over difficulties in obtaining Chinese business visas, a matter The Economic Times said it had reported on previously. Jaishankar tied the broader state of bilateral ties to the border situation, describing the period from 2020 to 2024 as a "particularly difficult phase" for India-China relations, largely because of the border situation. A similar characterisation was reported by The Tribune, which quoted him as calling it a "particularly bad patch."
"I said it then, and I continue to say it. At the end of the day, peace and tranquillity in the border areas is a prerequisite for good relations," he said, as reported by The Economic Times.
A strategic approach to business
Jaishankar also outlined a four-point formula for businesses operating in a world shaped by geopolitical tensions and market distortions caused by non-commercial reasons. According to The Economic Times, he urged a focus on de-risking, diversification, dealing with distortions, and moving beyond just-in-time supply chains. He cited distorted energy, fertiliser, and shipping markets as examples of the challenges facing global trade.
Confidence and capability-building
The external affairs minister stressed that India must continue doing business with China while strengthening its own industrial and manufacturing capabilities. "We have to do business with the entire world. That includes China too. But it is important we deal with them confidently," he said, as quoted by The Tribune.
He added that when a major relationship runs into trouble, it can affect India's "optimal positioning", requiring the government to adjust its approach. According to The Tribune, he said India's engagement with China should ultimately contribute to modernising the domestic economy and developing capabilities.
"For us, the purpose of this engagement is to modernise our economy and develop our capabilities," Jaishankar said, as quoted by The Tribune. "Even as we pursue that goal, there will obviously be trade and other economic interactions with China."
The minister said India and China are both large economies and markets to each other, assuming things are stable and the needle is more cooperative, as reported by The Economic Times.