CII chief calls for balanced India-US FTA; flags concerns over Foxconn, China’s rare earth curbs

Rajiv Memani, CII President, highlights the need for a balanced India-US FTA. Discussions are ongoing, focusing on phased implementation. Sensitive sectors like agriculture are under consideration. Concerns arise over China's rare earth magnet export restrictions. This impacts India's auto and pharma sectors. The Quad meeting's influence is also noted. Supply chain dependencies require attention. Production levels may be affected.