We could not tap the optimum during the zenith of the recent trade war between US and China when some of the production hubs were on a shifting spree.Let us not miss the boat now.It is glad that hectic attempts have been going on from the government side, through policy changes, administrative accommodations to woo the investors intending to leave China. Several countries like Japan, Taiwan. Australia, US are actively chalking out plans to relocate their companies out of China.Counties like Japan are offering financial packages for their companies intending to relocate from China and with several competitive contestants such as Bangladesh, Taiwan, Indonesia and Vietnam in the fray to woo them, it is indeed a matter of achievement if we draw a good number of potential companies !
It is learnt that large chunks of land banks to a tune of 4.62 lakh hectares are already earmarked for setting up of industries and there are even alternate land parcels available to provide land on lease to facilitate the investors with lesser capital investment.The government has already reduced the tax rates for manufacturing companies and made them globally competitive and attractive.The government is ready to provide incentives too for those intending to shift.Let us hope that a good number of companies look at India as their destination.
We’ll meet again tomorrow !
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