About 200 US companies seeking to move manufacturing base from China to India:
WASHINGTON: About 200 American companies are seeking to move their manufacturing base from China to India post the general elections, a top US-based advocacy group has said, observing that there is a fantastic opportunity with firms looking at alternatives to the Communist giant.
The US-India Strategic and Partnership Forum's (USISPF) president Mukesh Aghi said that the companies are talking to them about how to set up an alternative to China by investing in India.
Aghi said that USISPF's recommendation to the new government would be to accelerate the reforms and bring transparency in the decision-making process.
“I think that's critical. We would advise to bring more transparency in the process and to make it more consultative because in the last 12 to 18 months, we are seeing US companies look at some of the decisions being made, either e-commerce or data localisation, as more domestic-oriented than global,” he told PTI in an interview.
In his reply to what the agenda of the new Indian government should be to attract investment, Aghi suggested that New Delhi needs to accelerate reforms, be more transparent in the process and engage more.
“We need to understand how we can attract those companies. And that means all the way from land issues to customs issues to being part of the global supply chain. Those are critical issues. There's a whole plethora of reforms that need to go further down, and I think that is also going to create a lot of jobs,” he said.
He said that Mark Linscott, the former Assistant US Trade Representative for South and Central Asian Affairs, is working with USISPF member companies to come up with a recommendation as to what India needs to do to enhance its exports and work up from that perspective.
“One recommendation, which I strongly believe is going to help India is that we should now start thinking of a Free Trade Agreement (FTA) between India and the US," Aghi said.
译文来源：三泰虎 http://www.santaihu.com/47505.html 译者：Jessica.Wu
Suresh Kumar - 1 day ago -Follow
It will be a major boost for ''Make in India'' Project
S - 20 hours ago -Follow
Modi''s foreign policy is paying off!
Anil - 1 day ago -Follow
If these companies do come it will boost employment in India .
Sva Times - 18 hours ago -Follow
Anand - 18 hours ago -Follow
all because of modi..and...team...
Vikas - Hyderabad - 19 hours ago
Jai Ho Modi
Javed Badshah - uae - 18 hours ago -Follow
Wow! Great news, Modi magic working, Jadoo ki Jhappi effects. Donald Trump khush huaa.
Rajat Bhattacharjee - 18 hours ago -Follow
Modiji will return to power and India will become the manufacturing hub of Asia.
S - 20 hours ago -Follow
US has imposed sanctions on Pakistani passport and India is getting more FDI
Kuresh Kabir - 18 hours ago -Follow
Ravi - 18 hours ago -Follow
this is going to happen if Modi comes again may increase jobs in manufacturing sector
Arhaan Dey - 18 hours ago -Follow
All thanks to Modi ji. Many people may not be aware how much lobbying Modi has done with Trump administration, behind the scenes, to ensure these companies move to India.
Kiran - 18 hours ago -Follow
Awesome news please vote for modi for better future
Rabahuto - Kaoratala - 17 hours ago -Follow
Simply "wow". Thanks to Modi Ji and BJP for Make in India. The best is yet to be.
Chanchal Karmakar - 17 hours ago -Follow
As this election 2019 coming to close of NaMo’s 2nd term the door for businesses & enormous opportunities are opening . This way China’s economy will have negative impact. Whole world is lookin & waiting for Modiji to grace the Chair of PM only.
Thankappan - Hyderabad, Andhra Pradesh - 17 hours ago -Follow
American companies might shift to India after the elections only if Modi wins. Who will trust bunch of thugs! Vote Modi for a better tomorrow in a country with better opportunities!
Darshan - 17 hours ago -Follow
If by any chance Gathbandhan comes to power all these Companies wil go back to china . Modi is a must if India has to achieve 6 trillion Economy .. by 2030 .
Rajeev - 17 hours ago -Follow
Modi strived hard and here are results. Kudos India! Give Modi another term!
Anand - 18 hours ago -Follow
wow... it means lots of jobs are coming...
Rahul - 18 hours ago -Follow
Modi ji effects
bobby forshar - 18 hours ago -Follow
That''s very big. It will change India like never before. Modi will make it happen.
The Nationalist - 17 hours ago -Follow
If earlier president of thought the same 20- 30 yrs back .China (communist ) won''t be a challenge to US .
Shilpa - Bengaluru - 17 hours ago -Follow
Phantom - Dark Continent - 18 hours ago -Follow
US, Europe, China, Middle East - all competing for vast Indian market ....good going !
Balaji Krishna - Bengaluru - 18 hours ago -Follow
All whiners blaming unemployment will need to shut their mouth now
Maverick - New Delhi - 18 hours ago -Follow
Make in India
LA Nazaakat - 18 hours ago -Follow
Make sure Modi stays in power otherwise Khangress will do more scams and these foreign companies will go to some other country.
Malaikallan N - Hyd - 18 hours ago -Follow
Credit goes to Modi!
Frequent Flyer - Bhubaneshwar - 18 hours ago -Follow
I stopped trusting such news long time ago. Plus, this comes on eve of elections.