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Old 25th June 2020, 07:04   #151
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Re: ‘Replace China’: India looks to lure over 1,000 US businesses

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"out of the frying pan (and) into the fire". I guess that's how sceptics in those 1000 companies would be looking at the offer.

I think that's very relevant for businesses even today. They want to maintain their dominance on profitability. I don't think India is a safe sanctuary that'll help businesses achieve that by moving away from China. Far from it.
Well, it didn't take too long.

https://www.reuters.com/article/us-c...-idUSKBN23V215

"Though no government notice has been issued, customs officers at major Indian port have held back containers coming from China, seeking additional clearances, government and industry sources have said."

The U.S.-India Strategic Partnership Forum (USISPF), a lobby group representing U.S. firms, told India’s commerce ministry in a letter dated June 23 that lack of clarity and delays could disrupt business and manufacturing operations.

“Authorities have abruptly halted the clearance of industry consignments coming in from China (and perhaps other destinations) at most major ports and airports,” USISPF said in the letter, seen by Reuters.

This will send a chilling signal to foreign investors who look for predictability and transparency,” it said.

Indian electronics and mobile industry group ICEA said its members had been told Chennai, Mumbai and Delhi Airports would have a new examination procedure for all consignments coming from China.

Normally, goods for regular importers are cleared automatically, ICEA said in a letter to the finance ministry, urging it to intervene.

India’s finance ministry, which oversees the customs department, did not respond to a request for comment.
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Old 29th June 2020, 15:39   #152
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Re: ‘Replace China’: India looks to lure over 1,000 US businesses

Was just reading some research on mobile industry. India is expected to add 410 million smart phones to user base. Consider the per unit cost and multiply, the numbers are astoundingly enormously huge !! Now we can see what is at stake to the Chinese companies who hold 70% of our market.

Its really a pity that there is no Indian smart phone maker even in the budget end of the phones.
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Old 29th June 2020, 19:16   #153
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Re: ‘Replace China’: India looks to lure over 1,000 US businesses

We need to check our quality. It was reported in Mumbai Mirror today that 81 Made-In-India ventilators fail the test at city hospitals. If the quality is good customers wont mind paying a premium.
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Old 4th July 2020, 09:54   #154
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Re: ‘Replace China’: India looks to lure over 1,000 US businesses

It is not just US businesses who are looking to leave China. Even popular bloggers who were v-blogging from China for over decade are leaving China. These are folks who have Chinese wives and has settled for good in China. They used to love China. I had followed these two guys on and off for many years. What they describe, reveals the prevailing social environment in China.




Last edited by Samurai : 4th July 2020 at 12:09.
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Old 4th July 2020, 11:52   #155
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Re: ‘Replace China’: India looks to lure over 1,000 US businesses

It is an interesting observation that the younger generation in China are extremely jingoistic. I would say even more so than us. Also surprising is the fact that the 'better educated' (even those exposed to western education!) they are the more jingoistic they are.

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