Wang Yi India visit: India’s most powerful conglomerates including from Gautam Adani’s Adani Group to Mukesh Ambani’s Reliance Industries and Sajjan Jindal’s JSW Group are quietly deepening commercial links with Chinese firms, despite years of political mistrust between New Delhi and Beijing, reports Bloomberg. This business diplomacy comes at a time when US President Donald Trump’s reciprocal tariffs are reshaping global supply chains, nudging the two Asian rivals towards a thaw.

Executives are discreetly seeking technology transfers in electric vehicles, batteries and renewable energy, areas where China dominates the global market. While New Delhi restricted Chinese investment since the 2020 Galwan Valley clash, companies are testing new ways of working around restrictions, betting that shifting geopolitics will open the door to broader financial cooperation.
According to Bloomberg, Gautam Adani recently visited Chinese firms including CATL, the world’s largest battery maker, and reportedly held discussions with EV giant BYD Co. However, the Adani Group has denied exploring any such collaboration. JSW Group, however, has already struck a deal with Chery Automobile to source technology and components for its new-energy venture.