Articles from The Economic Times

The following articles from The Economic Times reiterate the Government of India and State Governments aggressive strategy to woo companies keen to move from China to India –

India looks to lure more than 1,000 American companies out of China – India is​ seeking to lure U.S. businesses, including medical devices giant Abbott Laboratories, to relocate from China as President Donald Trump’s administration steps up efforts to blame Beijing for its role in the coronavirus pandemic.

https://economictimes.indiatimes.com/news/economy/foreign-trade/india-looks-to-lure-more-than-1000-american-companies-out-of-china/articleshow/75595400.cms

US supports firms weighing India as alternative to China – NEW DELHI: India could​ emerge as an alternative investment destination for US companies doing business in China in the aftermath of the coronavirus pandemic, a view that the US government’s Department of State is supporting.

In a meeting held last week between a senior official of the US Department of State and representatives of large American companies operating in India, through the American Chamber of Commerce in India, the importance of India as a potential destination for businesses shifting from China was underlined.

https://economictimes.indiatimes.com/news/international/business/us-supp orts-firms-weighing-india-as-alternative-to-china/articleshow/75437352.cms

Chandigarh: The state of Haryana has chalked out an aggressive strategy to woo the​ multinational companies intending to either shift from China or setting up of a new manufacturing facility in India.

https://economictimes.indiatimes.com/news/economy/policy/haryana-to-w oo-companies-keen-to-move-from-china/articleshow/75539325.cms  

UP to woo industry disenchanted with China – Lucknow: Accepting the coronavirus​ pandemic as not just a challenge but also a big opportunity for the economy, the Uttar Pradesh government has decided to offer a special package to investors “disenchanted” with China and eager to shift base to other countries, a senior official said Friday. “Many companies appear to be disenchanted with China. If a company or investor wants to invest in the state, Chief Minister Yogi Adityanath will give them a special package and facility,” Additional Chief Secretary (Home) Awanish Awasthi said.

https://economictimes.indiatimes.com/news/politics-and-nation/up-to-wooindustry-disenchanted-with-china/articleshow/75196256.cms

Assam keen to woo MNCs looking to move out of China – GUWAHATI: With​ Government of India coming up with three mega bulk pharma parks, Assam government has pitched in for getting one for the state.

Multinational companies looking to move out of China should consider Assam, with its abundant natural resources, strategic location and robust industrial infrastructure, as their destination for setting up production facilities in India, state Industries Minister Chandra Mohan Patowary said on Wednesday.

https://economictimes.indiatimes.com/industry/healthcare/biotech/pharma ceuticals/assam-keen-to-woo-mncs-looking-to-move-out-of-china/articlesho w/75580329.cms

Karnataka government eyes foreign companies seeking to move out of China -​ Bengaluru: The Karnataka government ​ appears set to roll out red carpet welcome to foreign companies seeking to move out of China. The State’s Large and Medium Scale Industries Minister Jagadish Shettar said the Government plans to constitute a task force, under the Chairmanship of the Chief Secretary T M Vijay Bhaskar, to spearhead the drive to attract such investment.

https://economictimes.indiatimes.com/news/economy/policy/karnataka-gov ernment-eyes-foreign-companies-seeking-to-move-out-of-china/articleshow/ 75671617.cms