1. Narendra Modi’s “Make in India” amid China slowdown bodes well for MNC capex plays

Narendra Modi’s “Make in India” amid China slowdown bodes well for MNC capex plays

A slowdown, yuan's steady appreciation over last few years and rising labour costs in China are switching MNCs attention to India

By: | New Delhi | Published: July 22, 2015 11:12 AM
Narendra Modi

A slowdown, yuan’s steady appreciation over last few years and rising labour costs in China are switching MNCs attention to India

* A slowdown, yuan’s steady appreciation over last few years and rising labour costs in China are switching MNCs attention to India as PM Narendra Modi’s “Make in India” campaign gathers pace

* Indian companies have clamped down on investments over the past 4-5 years as corporate sector delevered and a slump in demand

* MNCs such as Foxconn, Huawei, ABB , Siemens, Cummins, Alstom , however, are stepping up efforts to bolster facilities in India

* Foxconn looking to open 10-12 plants in India by 2020 and is in talks to manufacture the iPhone in the country

* China’s Huawei has got security clearance to manufacture in India for booming market

* Siemens’ management said in Nov. exports would be the focus for next two financial years

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