InvestorQ : What is the status on US companies planning to shift their base from China to India to set up manufacturing base? Will COVID-19 give a boost to that effort?
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What is the status on US companies planning to shift their base from China to India to set up manufacturing base? Will COVID-19 give a boost to that effort?

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1 year ago
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According to estimates shared by the US-India Partnership, a total of 200 US companies may be look to shift their manufacturing base from China to India. After the Coronavirus, the US has had some concerns over lack of security and safety in China. The partnership has confirmed that such an agreement would only happen after the US elections late this year. But for that to really happen, India will have to close out the free trade agreement (FTA) with the US. In the past some of the companies that left China relocated to other countries like Philippines, Taiwan and South Korea but not so much to India. India needs to get its infrastructure in place to be able to attract these US companies.

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