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  • 1,000 Foreign Firms Mull Production in India, 300 Actively Pursue Plan As 'Exit China' Mantra Grows

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    Sumeet Sodhi
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    Over 1,000 foreign companies are considering moving production to India to escape rising costs in China, with 300 actively pursuing manufacturing plans in India, especially in mobile phones, electronics, medical devices and textiles. These companies have submitted proposals to various levels of the Indian government, including central departments, overseas missions, and state industry departments, as India works to position itself as an alternative manufacturing hub to China in light of the "Exit China" mentality that is growing due to the coronavirus pandemic.

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    1,000 foreign firms mull production in India, 300 actively pursue plan as 'Exit China' mantra grows

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    Over 1,000 foreign companies are considering moving production to India to escape rising costs in China, with 300 actively pursuing manufacturing plans in India, especially in mobile phones, electronics, medical devices and textiles. These companies have submitted proposals to various levels of the Indian government, including central departments, overseas missions, and state industry departments, as India works to position itself as an alternative manufacturing hub to China in light of the "Exit China" mentality that is growing due to the coronavirus pandemic.

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    © All Rights Reserved
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    32 views1 page

    1,000 Foreign Firms Mull Production in India, 300 Actively Pursue Plan As 'Exit China' Mantra Grows

    Uploaded by

    Sumeet Sodhi
    Over 1,000 foreign companies are considering moving production to India to escape rising costs in China, with 300 actively pursuing manufacturing plans in India, especially in mobile phones, electronics, medical devices and textiles. These companies have submitted proposals to various levels of the Indian government, including central departments, overseas missions, and state industry departments, as India works to position itself as an alternative manufacturing hub to China in light of the "Exit China" mentality that is growing due to the coronavirus pandemic.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    of 1

    1,000 foreign Crms mull

    production in India, 300


    actively pursue plan as
    'Exit China' mantra grows
    These companies see India as an alternate
    manufacturing hub and have taken up their
    proposals across various levels of the government,
    including central government departments, Indian
    missions abroad and state industry departments
    Nirbhay Kumar | New Delhi, Wednesday, April 22, 2020 |
    10:08 IST

    KEY HIGHLIGHTS

    1,000 foreign Crms are planning to shift


    manufacturing to India; in talks with authorities
    300 actively pursuing production plans in mobiles,
    electronics, medical devices, textiles
    Proposals are at various levels -- central government
    departments, Indian missions abroad, state industry
    departments
    Government is making all-out attempt to hard-sell
    India as a manufacturing hub
    Cost difference between India and South East Asia
    is 10-12 per cent
    Also Read:Coronavirus India Lockdown Live
    Updates: Maharashtra records 552 new COVID-19

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