Connect with us

Business News

After Trade War & Covid-19, China’s Loss In Manufacturing Could Be Great News For India – Experts



With the world battling the most terrifying pandemic of the century, a lot of business leaders and global organizations including Apple, Microsoft, Google are contemplating how to navigate through the crisis. 

Google, Microsoft To Move Out Of China; Vietnam, Thailand Set To Benefit The Most

In a webinar organized by Harvard University, the faculty of Harvard Bussiness School and India Inc executives held rigorous discussions and brainstorming sessions on economic uncertainties that follow the pandemic and highlighted the fact that this could be an opportunity for countries like India.

The Make in India campaign by PM Modi might have received a little skeptical reviews at home but  World bank President Jim Yong Kim sees it as a good idea.

When Rafale Jet Downed The Invincible US F-22 Raptor In An Aeriel Dogfight: Analysis

Kim said with many industries leaving China, India could well be a big beneficiary when it came to the manufacturing sector, even as he suggested that the country’s vibrant services sector must not get the short shrift as it attempts to project itself as a global manufacturing hub.

“I think that the efforts that are being made right now to explore how competitive India can be and I think it is very important. There are a lot of industries that are leaving China right now and they very well may come to India… I don’t see any downside to it,” he told  Economic  Times, in an exclusive interview.

Why Is The World Turning Towards India During Covid-19 Pandemic?

Kim spoke about how this could be a bright opportunity for India noting the “tremendous sense of optimism” about the country. Now at the 169th position in business, Indian PM Narendra Modi aims to bring it to the 50th position in the next few years and this could be a very important turning point in reaching the aim.

Ravi Venkatesan, former chairman of Microsoft India, who has created a social initiative called The Global Alliance, that is building a $100-million-plus SME Stabilisation Fund said “We need to act in cohesion and learn fast to make a difference. After this crisis, everyone needs to have an entrepreneur’s mindset. What is needed is leadership that can come from anywhere, everywhere and does not have a tittle.”

Actual Death Toll In Wuhan, China Could Be Over 40,000: Washington Post

According to Narendran, CEO and Managing Director, Tata Steel, the de-risking of supply chains originating from China, which had started following heightened concerns of a US-China trade war, is likely to be accelerated on the back of concerns over the recent outbreak.

“I feel this virus could be an opportunity for India because it accelerates the de-risking of supply chains which originates from China. That journey had started with a trade war between the US and China and now with this (virus) there will be even more reason for people not to be over-dependent on any one country,” Narendran said.

Chinese Navy, Marine Commandos Detected In Karachi, Pakistan; Should India Be Anxious?

Google is set to begin production of its latest low-cost smartphone — expected to be dubbed the Pixel 4A — with its partners in northern Vietnam as soon as April. Google also plans to manufacture its next-generation flagship smartphone — the Pixel 5, as it is expected to be called — in the second half of 2020 directly from the Southeast Asian nation, reported Nikkei Asian Review.

On the agricultural front, the sector is expected to do well post-monsoon. The construction of commercial property also continues to be strong. Automobile is the only sector that still has not been showing “great signs of recovery”; however, it is expected to start picking up post second half of FY-21.

Why India or Vietnam Can Never Replace China As World’s Manufacturing Hub?

Domestic steel prices have been on an uptrend since last November in line with international trends. After touching a low of 32,250 a tonne last November, domestic hot-rolled could prices have hit 37,000, implying an increase of 15 percent in the last three months.

Narendran speaking about reducing dependence on China also said, Tata Steel, which is dependent on China for consumables such as refractory, refractory compounds, steel mill rolls, electrodes and manganese as a metal, has already done a risk assessment in the first week of this month and is “pretty comfortable” till the end of April.




Featured2 hours ago

SAAB Delivers Gripen-E Jets To Brazil; Offers ‘Exceptional Deal’ To The Indian Air Force

With India’s new FDI model under the new indigenization drive, SAAB has seen it as a lucrative offer and is...

Europe3 hours ago

After Rafale Jets, This Air Force Wants Stealth F-35s That Was Once Meant For Turkey?

While some recent reports indicated that with the arrival of F-35s, UAE cold shed some of its F-16s and sell...

j20-vs-tejas j20-vs-tejas
Asia Pacific4 hours ago

Taiwanese Expert Says ‘Bathrooms Best Place To Hide’ During Chinese Air Raids, Missile Attack

As tensions between China and Taiwan are only increasing day by day, former Ministry of Defense advisor Sung Chao-wen on...

Featured6 hours ago

Indian SU-30 MKI Jets Loaded With BrahMos Missiles Practice Hitting Chinese Assets Far Away From Ladakh

Soaring tensions between India and China in Ladakh has seen both the sides deploying thousands of troops, heavy artillery and...

China-and-India China-and-India
Asia Pacific7 hours ago

India-China War Highly Unlikely; Beijing Only Testing Indian Resilience – Experts

India-China War: The joint statement following the meeting said that ministers had a “frank and constructive discussion on the developments...

imran-khan imran-khan
Featured8 hours ago

India, Pakistan Clash At UNGA – Indian Diplomat Walks Out As Imran Khan Goes All-Out Over Kashmir

India strongly reacted to Pakistan PM Imran Khan's speech at UNGA calling it a 'diplomatic low'. India's envoy to the...

J-10VSF-16 J-10VSF-16
Featured17 hours ago

Next US Intervention In Taiwan & There Would Be No Taiwan – China

Amid suggestions for the United States to deploy its troops to Taiwan, Chinese military experts have warned that any such...

Americas17 hours ago

Donald Trump Or Jared Kushner: Why Son-In-Law Kushner Is A Deserving Candidate For The Nobel Peace Prize Over Trump?

Having brokered the historic normalisation accord between the United Arab Emirates (UAE) and Israel, US President Donald Trump has been...

SU-30 SU-30
Featured22 hours ago

Despite Rafale Jets, Why Su-30s Will Remain The Most Powerful Fighters In The Whole Of Asia?

Russia has won many hearts in India and China with its Sukhoi Su-30SM fighter jets, however, owing to the massive...

Featured23 hours ago

Can PM Modi Correct The ‘Balochistan’ Mistake That India Committed In 1947?

As history suggests, India lost out when the Sultan of Oman offered Gwadar as a gift to India but the...