Many companies have been damaged by the coronavirus pandemic which emanated from the Chinese Wuhan province. Add to this, a background trade war between China and the U.S., and it’s no wonder why electronics manufacturers are asking the big question: how to exit China?
This article in LiveMint refers to India’s government announcement for a production-linked incentive (PLI) scheme for the electronics sector with an outlay of over ₹40,000 crore (approx. 5.5 billion US$).
“There is a clear negative sentiment against China. We have received requests for supply from India,” said Amrit Manwani, president of Electronic Industries Association of India. “If we play our cards right, we could double our exports (of electronic products) in three years’ time.”
LiveMint reports that Manwani said, “Among global firms that have shown interest in India are US-based makers of medical electronics products Teledyne and Amphenol, and medical equipment makers such as Johnson and Johnson.”
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