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Friday, July 07, 2017
Foreign investments crucial for India's manufacturing sector
ANBOUND

India's development in recent years has received strong foreign help; in fact the introduction of India's new tax law is to deepen the confidence of foreign-funded enterprises in India. There is large number of foreign investments in the manufacturing industry in India, which can make-up for the shortcomings in its manufacturing sector to enhance the manufacturing capacity. Chinese enterprises, especially many mobile phone manufacturers, and companies like Huawei, Midea, SAIC and others play an important role in the process of investing in India. What is happening now in India is the repetition of China's bringing in of foreign capital. A large number of foreign manufacturing industry will upgrade India's own manufacturing sector, making it to become similar to China as the "World Factory"; there is every reason to believe that India has good chance to be successful.

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