American companies fleeing from China
American companies fleeing from China…
America and china have been fighting a trade war for a long time. Due to this, the business relations between the two countries remain tense. Apart from this, China's economy is also going through a phase of economic slowdown. At the same time, in the last few years, the business and political relations between india and America are becoming cordial. In such a situation, now the American companies that have spread their business in china want to find new ways. After china, they find india to be the most suitable country.
According to a report, soon more than 15 American companies can make india their new home. They will also bring with them an investment of lakhs of crores of rupees. This will not only increase foreign investment in india but there is every possibility of creating lakhs of jobs.
About 15 companies are willing to go to India
According to the report of the US Chamber of Commerce, the desire to get out of china is increasing among American companies. About 50 companies have made up their mind about this. They have invested about 12 lakh crore rupees in China. About 15 of these want to take their business to India. 306 companies were included in this report.
india moved from 5th to 2nd position in the list
The report claims that investors now like india more than Mexico, America and Europe. Last year, india was at 5th position in this report based on investors' choice. This year india has come to 2nd position. South east Asia region is at number one. Indonesia, singapore and malaysia still remain the first choice of investors. china is losing its charm among investors.
These companies are liking India
According to the report, management consulting companies are liking india a lot. Last year, about 40 percent of American companies were planning to invest in China. Now they want to go to India. 54 percent of companies in the management consulting sector have expressed such a desire. The garment and manufacturing sector has also shown interest in investing in India. They have expressed their preference. Most of the 306 American companies included in the US Chamber of Commerce report agreed that a good environment is being created for investment in India. India's large market is also encouraging them.