India plans to offer incentives to companies moving from China
NEW DELHI: India is weighing offering incentives to attract companies moving out of China amid its trade war with the US, a person familiar with the development said.
Financial incentives such as preferential tax rates and the tax holiday provided by Vietnam to lure companies are among measures being considered, the person said, asking not to be identified as the discussion is still private
Excellent move. During nineties when China opened its markets, in PARTICULAR GUANGZHOU province, government provide ready to move in factories (with residential for workers as this most common in china)
Eddie JS• Shillong-Guwahati • 3 days ago
Very true.They should be set up in the coastal district/states as China did!
Rajan Khanna• 2 days ago
Govt. of India, act fast and come up with new policies to attract FDI in manufacturing otherwise you will miss out to South east Asia. India definitely has a better infrastructure and talent pool as compared to Vietnam, we just need the right policy to give confidence to foreign investors
Jeetesh Dash • Indian Subcontinent • 2 days ago
There is a problem - our Indian Infrastructure is nowhere near Regional Standards , leave alone global standards .
Eddie • Shillong-Guwahati • 3 days ago
It is an excellent step, although not very late, for India's further growth and employment!
Chander • 2 days ago
Delay in changing policies to attract foreign investors will lead to a big loss for India. The govt needs to act fast
Vivek Bharti • 2 days ago
Only fools will come to stablish full scale industries here, but they will certainly develop setelite units mostly for marketing purposes as they have to sell their produces in india.
Dreet • 3 days ago
Vietnam is far more smarter and companies have already moved to Hanoi.
Ashok • 3 days ago
No use offering incentives to companies moving from China. In India the companies won't get industrial land
proud Indian • 3 days ago
we have high hopes on Modi
Bijay • Noida • 2 days ago
MODI organized vibrant Gujarat every year to attract FDI. But last 5 years not a single event organized by MODI to attract FDI across India.
Bijay• Noida • 2 days ago
India was sleeping and not taking benefit of companies moving out of china. Someone should help to wake up MODI and inform about it. Small country like Thailand, Malaysia, Vietnam are taking benefit of this
Anis Shaikh • 2 days ago
One more fail make in India coming soon
Ashok Kamath • Udupi • 2 days ago
Chinese must be taught lesson for aligning with Pakistan...
Srinivas Ganti• Hyderabad • 2 days ago
Be bothered about how India is impacted and how we cash in on the opportunity...
Aarti • Mumbai • 3 days ago
Finally, India is catching up to others! We have to be faster and quicker
Mudit Jain • 3 days ago
Focus should be on Indian companies being competitivr wwhich are rendered uncompetitive due to high input costs supplied by govt cos for inputs such as power, furnace oil, diesel and interest.
No companies will move to India. Rather Indian cos haved moved out of India
Vinod RAj• 3 days ago
they will swallow our local companies