Suppy Chain Shift News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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.

Sanlam Ltd., Africa's biggest insurer, is betting on India to boost short-term profits. The Cape Town-based firm has the potential to triple profits from India within a decade, according to CEO Paul Hanratty. Sanlam has been partnered with Shriram Capital Group in India since 2005, with the country currently accounting for 10% of profit. India's rapidly growing economy, with a projected 6.4% growth this year, is attracting firms like Sanlam. However, Sanlam still relies on South Africa for 75% of its revenue and needs the country to do well in the long run.