, 5 tweets, 2 min read
US China trade war - no gain for India? #MakeInIndia?

Out of 56 companies that relocated their production out of China in the past 1.5 years, only three went to India and two to Indonesia.

26 relocated to Vietnam, 11 went to Taiwan and 8 to Thailand.
"On the surface, India and Indonesia both have the ideal demographics to be global manufacturing powerhouses to rival China which at the moment makes one-fifth of the world's goods. First of all, they have the second and fourth-largest populations..."

".... Furthermore, India's labour cost is half that of China's.

So why are India and Indonesia not receiving their fair share of factories relocating from China?"

"Although both India and Indonesia's GDP growth rates are high compared with other major global economies,economists generally agree that they are both performing below their full potential with regards to FDI in manufacturing and hence they are both nicknamed "sleeping giants"."
"The most common reason touted by businesses about why they move to a particular location is the ease of doing business.

...in Vietnam, there is a single point of contact, a person who takes care of everything from the government side."

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