India is reportedly encouraging foreign companies such as Apple, Foxconn, Wistron Corp and Taiwan-based Pegatron Corp to shift their business from China to India, according to Reuters. Seven officials had met on August 14 and discussed a "list of target companies" that India would encourage to move out of China. The ongoing trade war between both countries has now led to higher tariffs on goods, per the report. This is disrupting global supply chains and is prompting the companies to explore other "investment avenues to escape higher tariffs". The central and state governments are planning to meet the companies between August 26 and September 5 to discuss investment zones for them to operate in. A "complete package" outlining market factors and incentives will be presented to potential investors. Apart from this, the Centre will also provide a list of foreign companies with its consulates who will be responsible for arranging meetings with the companies at their headquarters. According to a MoneyControl report, both US and China signaled that they may resume trade talks as they discussed about the "next round of in-person negotiations in September ahead of a looming deadline for additional U.S. tariffs". Indian government met local delegates of automakers The trade tensions between US and China has also affected the global automotive supply chains and the big automakers. According to Reuters, Indian officials had met the delegates of several automakers including Volkswagen, Hyundai Motor Co and Honda Motor Co and discussed if the companies would like to shift some of its supply chain operations from…
- MediaNama Daily: It’s not you, it’s your data January 28, 2023
- Why is Google not fully complying with India’s orders, MapmyIndia CEO asks January 27, 2023
- Unique Identification Authority of India working on age verification through e-KYC January 27, 2023
- Views: Why India’s “indigenous” smartphone operating system BharOS is overhyped January 27, 2023
- Here’s why Twitter employees’ access to its ‘God Mode’ function is a problem January 27, 2023
MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.
India's smartphone operating system BharOS has received much buzz in the media lately, but does it really merit this attention?
After using the Mapples app as his default navigation app for a week, Sarvesh draws a comparison between Google Maps and Mapples
The regulatory ambivalence around an instrument so essential to facilitate data exchange – the CM framework – is disconcerting for several reasons.
The provisions around grievance redressal in the Data Protection Bill "stands to be dangerously sparse and nugatory on various counts."
Please subscribe to MediaNama. Don't share prints and PDFs.
You May Also Like
Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...
135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...
Twitter takes down tweets from MP, MLA, editor criticising handling of pandemic upon government request
By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...