Distrust against China could benefit India

April 29, 2020, The Liberacy:- China, the epicenter of the outbreak of the Covid19 pandemic, is currently on the hotlines of all nations, but not for good reasons. Nations around the globe have blamed China for hiding the actual figures of the destruction caused by SARSCOV2. The nations such as the USA and Italy even went on to blame China for producing Coronavirus in Wuhan Lab, and spreading it to other countries, using it as a weapon.

The chain reaction to this might cause a large amount of disinvestment from China. Resulting in an Economy downfall for the Country.
In this situation, Ravi Shankar Prasad, the Indian minister for electronics and Information Technology and Communications, has talked to states and told them to be prepared for large investments coming to India due to distrust on China by foreign countries and companies.

Ravi Shankar Prasad is also Minister for Law and Justice for the Indian Government.

Ravi Shankar Prasad on China.
Ravi Shankar Prasad on China.

He told states that there is an anger against China in the world and asked the states to play a crucial role in helping the diverging investment to India from China.

Adding to the role of States in building investment atmosphere, he also said that there will be special and strict Security Audit and Verification of the products from the countries, especially electronic items from China.

To work on this, Indian government has launched 3 schemes with an approximate budget of ₹48000 Crores for electronic manufacturing in India. The aim of these 3 new schemes is to drive more attention of the manufacturing sector towards Indian ambiance.

There are 2 other schemes for the same, that will help the incoming investment to setup plants in India. These plants are mainly to be setup in remote areas that are yet to see the face of development.

The Government of India, with the leadership of Prime Minister Narendra Modi always encouraged on the talks that India should be the hub of the Electronics unit and largest producer/manufactures of Semiconductor products. This aim was to cope up with the Make in India initiative.

This aim remained a dream when the manufacturing companies decided to assemble in India, rather than Manufacture in India.

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The Liberacy Newsletter (April 24, 2020)

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Government is branding its working environment and has even gone on to support the nations who blamed China for the pandemic, and for hiding data on Covid19 that could have saved lives around the world. The government sees it as an opportunity for the shift of companies to India and has claimed that the huge available labour and the less expensive/cheap labour would help companies grow. There was no direct remark on the shift of companies but there was a remark on the companies to shift to countries with cheap labour.

India hopes on following the China model to grow its manufacturing sector and increase its exporting market, resulting in, reduced deficit.

In a report cited by IT Minister, he said that there are 95% of employees right now working from home, and there are structures provided for that.

The big concern on this will be the spread of any fake news regarding the Indian Market or its associated markets, that might make companies lose their interest in India.
The government is working hard to stop any spread of fake news and produce original stats on anything that is shown.

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