India rated as best alternative option for companies planning to relocate out of China
February 12, 2021
India’s major advantage, the report says, is its strong logistics system - The Hindu×
Foreign companies taking advantage of PLI scheme to expand their operations
India, along with Vietnam, is rated as the best alternative options for companies which are planning to relocate their operations out of China, says a survey by Agility Logistics, a global logistics player. The US-China trade war first made companies, especially those in the US, to sit up and consider the possibility of de-risking their operations by reducing their dependence on China when it comes to sourcing. When the Covid-19 pandemic struck China and caused supply-chain disruption, their mind was made.