Over the years, opportunities have popped up for India's ambition to turn itself into a manufacturing hub. Donald Trump’s trade war and the pandemic have prompted multinationals to diversify supply chains. Like Vietnam, India is a primary destination when companies seek to relocate part of their productions out of China.
That’s why Foxconn’s recent exit from an ambitious project to build one of India’s first chip factories looks a little surprising. While Indian officials claim that the news changes nothing about India’s semiconductor manufacturing goals, it raises questions about the ease of doing business if foreign investors participate in India’s manufacturing development.
What obstacles does India have to get rid of on its road to being a manufacturing hub?
Host Ding Heng is joined by Mohammed Saqib, Secretary General of the India China Economic and Cultural Council; Dr. Timothy Kerswell from Chinese University of Hong Kong; Professor Yao Shujie from Chongqing University.