1,000 foreign firms thinking to production in India, 300 actively pursue plan as 'Exit China' mantra grows.
India as an alternate manufacturing hub and have taken up their proposals across various levels of the government.
- 1,000 foreign firms are planning to shift manufacturing to India.
- 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.
- For new manufacturers,the applicable tax was brought down to 17 per cent making it the lowest in South East Asia.
- Reduced tax rate and the roll-out of goods and services tax (GST), India attract foreign investment in the manufacturing sector.
- Japan has announced $2 billion financial aid for its companies to shift production out of China.
Now the world is rethinking its strategy of putting all eggs in one basket. A lot of interest is being shown by companies towards India.
India is generally considered an attractive destination because of its market size and also India being a possible hub for exports.
India as an alternate manufacturing hub and have taken up their proposals across various levels of the government.
- 1,000 foreign firms are planning to shift manufacturing to India.
- 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.
- For new manufacturers,the applicable tax was brought down to 17 per cent making it the lowest in South East Asia.
- Reduced tax rate and the roll-out of goods and services tax (GST), India attract foreign investment in the manufacturing sector.
- Japan has announced $2 billion financial aid for its companies to shift production out of China.
Now the world is rethinking its strategy of putting all eggs in one basket. A lot of interest is being shown by companies towards India.
India is generally considered an attractive destination because of its market size and also India being a possible hub for exports.
Hello, Everyone, I' m Adrik Vadim living in Kurgan City , I want to share with you all on here on how Mr Pedro help me with a loan of 15,000.000.00 Rubles to start up my food beverage delivery after all I have work in several hotels here in kurgan just to earn a living but unfortunate I was still having difficulties to pay a rent but I thank God now that I'm a self employ now with 5 workers working in my care. Just if you are looking for financial freedom I will advise you to contact Mr Pedro with this email below pedroloanss@gmail.com
ReplyDelete