India Trying to Woo Chinese Mobile Component Makers, for Made in India
Girish Shetti | | Oct 23, 2016 11:39 AM EDT |
(Photo : getty images.) To give a huge boost to Make in India initiative, Indian government is giving all the way to woo Chinese Smartphone component manufacturers.
To give a huge boost to the "Make in India" initiative, India is not leaving any stone unturned to woo Chinese investors.
At the second India-China Mobile Phone and Accessories Manufacturing Summit, the Indian government again opened its arms for the Chinese smart phone and electronic manufacturers.
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Speaking at the summit, Aruna Sundarajan, secretary of IT and electronics ministry, said "Investing here is welcome, because it has spin off benefits such as jobs, creating value and increasing our manufacturing base, which is very different from dumping Chinese products here."
"we want Chinese companies to partner with Indian companies to make locally," she added.
The Indian diplomat further noted that there is already a huge amount of engagement between Chinese and Indian companies and an unprecedented opportunity for partnership exists.
Talking about the Make In India Initiative, Aruna said that the initiative aims to promote India as a manufacturing hub and not merely as a consumer market where foreign made products are sold.
Aruna claimed that the Indian government was fully backing the "Make In India" Initiative.
"We want more investors to come and make for the world, so we will make sure there are less disadvantages, she said.
At the summit, Indian states such as Uttar Pradesh, Haryana, Telangana and among others reportedly pitched their states to Chinese component manufacturers.
India is trying to woo Chinese investors amid the call to boycott Chinese products ahead of the festive season. The movement against Chinese goods is being spearheaded by several Indian leaders, who are miffed by China's continued support to Pakistan in the wake of the recent Uri attack.
Most experts say that the on-going movement is pitched on patriotic and jingoistic fervour and is likely to only have short-term impact on the sale of Chinese products.
Meanwhile, it is worth noting the Chinese smartphone manufacturers like Huawei, Xiaomi and Foxconn have already committed billions of dollars for the "Make in India: project.
TagsIndia and China, china, Make in India, Indian Economy, Indian Economy vs Chinese Economy
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