1,000 foreign firms mull production in India, 300 actively pursue plan as ‘Exit China’ mantra grows

These companies see India as an alternate manufacturing hub and have taken up their proposals across various levels of the government, including central government departments, Indian missions abroad and state industry departments

KEY HIGHLIGHTS

• 1,000 foreign firms are planning to shift manufacturing to India; in talks with authorities
• 300 actively pursuing production plans in mobiles, electronics, medical devices, textiles
• Proposals are at various levels — central government departments, Indian missions abroad, state industry departments
• Government is making all-out attempt to hard-sell India as a manufacturing hub
• Cost difference between India and South East Asia is 10-12 per cent