1000 companies want to leverage from China, an opportunity to attract investment for India

New Delhi, 28 April 2020, Tuesday

As more than 1,000 companies from China, the epicenter of the corona virus, emerge, there is an opportunity for India to be attracted to the corona epidemic.

There is also widespread outrage around the world over China. This could be one of the reasons why these companies want to leave China. Union Minister Nitin Gadkari has said that there is an opportunity for India to attract foreign investment. India can be a good option for these companies. However other countries will also try to attract these companies themselves there. Especially countries like Indonesia, Malaysia and Thailand will be rivals for India. Vietnam is at the forefront.

The reason foreign companies have been investing in China is because of cheap labor and infrastructure. The government strictly adheres to the rules of labor. Everyone knows that China is ahead in terms of infrastructure.

If India wants to attract 1000 companies to leave, it will be a challenge for India to develop infrastructure. Labor, on the other hand, can be found in India, but because of democracy, companies here may face opposition.

According to a media report, about 1000 companies are in touch with the Government of India and about 300 of these companies are involved in mobile, electronics, medical devices, textile production.