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Though India is getting a lot of overseas investment, Foxconn Technology Group’s announcement last month that it will spend $100 million on a new plant in Vietnam is a reminder that it doesn’t hold a monopoly over business migration away from China. India stands out among peers in implementing higher import duties, which motivate companies to set up in the country to supply local consumers but makes them less competitive in the export market

India needs to shift its focus from the domestic market and become regionally competitive and export-driven if it wants to build a robust computer and electronics manufacturing industry. Vietnam, not China, is its biggest rival in this regard. The US and other countries have called on India to make its business environment more transparent and easier to navigate to attract foreign direct investment. Cutting import duties should be a priority. India's higher import taxes and complicated business environment make it less competitive compared to regional rivals like Vietnam.

India Manufacturing: India needs to shift its focus from the domestic market and become regionally competitive and export-driven if it wants to build a robust computer and electronics manufacturing industry. Vietnam, not China, is its biggest rival in this regard. The US and other countries have called on India to make its business environment more transparent and easier to navigate to attract foreign direct investment. Cutting import duties should be a priority. India's higher import taxes and complicated business environment make it less competitive compared to regional rivals like Vietnam.

Bringing Taiwan to the World and the World to Taiwan

Bringing Taiwan to the World and the World to Taiwan