Indian Firms Subsidiaries in China Caught In Crossfire
Indian companies with a presence in China are anxious about the fallout of India’s economic retaliation against China amid rising tension between the two nations. Actions by the Indian authorities could lead to retaliatory measures by China, Indian companies fear. The companies have been eyeing t
Published -
Jul 1, 2020 4:46 AM
Indian companies with a presence in China are anxious about the fallout of India’s economic retaliation against China amid rising tension between the two nations. Actions by the Indian authorities could lead to retaliatory measures by China, Indian companies fear. The companies have been eyeing the Chinese market as part of their strategy to cut dependence on the US and UK, which together make up more than 70% of Indian IT exports. The current hostile environment is expected to affect their plans, experts said. According to data from the Shanghai Indian Consulate, Shanghai gets the maximum Indian investments, including from companies such as Tata Consultancy Services Ltd, Infosys Ltd and NIIT Technologies Ltd. Regions of Zhejiang and Jiangsu house manufacturing units of Mahindra and Mahindra, Tata Jaguar Land Rover, Sundram Fasteners and Dr Reddy’s Laboratories, among others.
Tags : INTERNATIONAL