India has a $6.6 billion plan to lure Big Tech into moving its manufacturing capabilities

[nanoguy]

Why it matters: India is growing its efforts to turn into a full-blown manufacturing hub as the local government wants to make the country completely self-reliant and increase its exports of consumer electronics. India has a 500 billion rupees ($6.65 billion) plan to bring more electronics manufacturing to the country in the coming years, taking advantage of changing conditions in the global supply chain and a growing opportunity to use the US-China trade war to further its national interests.

The move comes just as the country is easing restrictions related to the travel or foreign workers and engineers during the pandemic, and will target five companies that operate on a global scale in the technology industry, who will get an incentives extension of anywhere between four and six percent on sales of products manufactured in India.

According to the Economic Times, there's also a second scheme in the works that would apply to five local companies. These organizations will be selected from major manufacturers of electronic components, semiconductors and mobile devices, and will receive an additional incentive of 25 percent on capital expenditure related to their bill of materials.

India has been exploring ways to become a large manufacturing hub to rival China for years, and so far it has managed to convince companies like Samsung and Apple to move a small part of their smartphone production to the country, including flagships. This has mostly served towards exports to the EU, but the Indian government wants to expand its horizons and increase the local added value in electronics manufacturing to 40 percent by 2025.

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https://www.techspot.com/news/85473-india-has-66-billion-plan-lure-big-tech.html

 

[toooooot]

Hell yes! Anyone but China. I hope more will follow.

 

[QuantumPhysics]

American corporations will move anywhere if it means underminding Americans themselves and turning a large profit while paying those impoverished people just-above-slave wages.

Here's a question: did you learn nothing from China?

If we pour our money into yet another country to manufacture our cheap plastic garbage so we can live a level of luxury that our own productivity doesn't justify, how many more enemies with strong economies will we create? How many more Americans need to be underemployed?

Forget the individual wages: factories bring life to areas which had nothing. Factories bring schools, police, firemen, other civil services, internet, technology...

We've supplanted factories in America with prisons.

 

[EClyde]

Made in the USA. Sounds better then Made In anywhere else

 

[Lionvibez]

This is a smart move by India with the current tensions between the US and China.

 

[Peter Farkas]

Smart move indeed and lucrative for them very much

 

[redgarl]

Well, they should.

 

[redgarl]

This is a smart move by India with the current tensions between the US and China.

The current tension between India and China is probably even worst.

 

[candle_86]

It's nice but I'd rather move semiconductor manufacturing and device assembly back here. We give breaks an incentives to football teams and high end apartments, why not factories.

 

[Lionvibez]

The current tension between India and China is probably even worst.

True but my point is india has no beef with the US or vice versa so its beneficial for both parties to cut china out.

 

[Gypsygib]

I don't think the west wants to make the same mistake and create yet another competing power. Diversification of manufacturing countries is the way forward.

 

[sac39507]

I'm glad this is happening. I've thought about this for years as to why it isn't happening. There's no reason why India couldn't do what China is doing. Just hope we get some control on the process and not let the scenario with China occur where they have our nuts in their grip.

 

[Markoni35]

I'm glad this is happening. I've thought about this for years as to why it isn't happening. There's no reason why India couldn't do what China is doing. Just hope we get some control on the process and not let the scenario with China occur where they have our nuts in their grip.

Except for one big reason. Chinese are ordered people, who care about hygiene and organization. People in India are... exactly the opposite from that. Nothing functions in that country. 70% of the people crap on the street or next to it. If you're a foreigner, upon arrival prepare yourself for 7 days of diarrhea.

Here's how it looks like from the perspective of a rather undemanding foreigner:

 

[EClyde]

Except for one big reason. Chinese are ordered people, who care about hygiene and organization. People in India are... exactly the opposite from that. Nothing functions in that country. 70% of the people crap on the street or next to it. If you're a foreigner, upon arrival prepare yourself for 7 days of diarrhea.

Here's how it looks like from the perspective of a rather undemanding foreigner:

Chinese don't care about hygiene as a group anymore then the next group.

 

[Reehahs]

Chinese don't care about hygiene as a group anymore then the next group.

Couldn't disagree more, compare any Chinese city to any Indian subcontinent city.

 

[Markoni35]

Just compare the streets. In India you have a feeling the entire city was built inside of a garbage processing facility. There's thrash everywhere. Another thing. Taking crap when you feel the physiological need is good for you health. However, in India it literally means taking crap everywhere. And that's not very hygienic.

In China things are much cleaner and tidier. Chinese people are better organized, more productive and more disciplined. Chinese workforce is more expensive than Indian, but Western corporations still prefer doing business in China. Even though China is a communist country.

West definitely don't enjoy supporting communism. But the thing that West likes is sticking to rules and respecting deadlines. Which is a treat common for all the East-Asian nations (Japan, China, both Koreas, Singapore, Malaysia, etc). It's also the main reason why Chinese economy is ahead of Indian.