Invest India exploring opportunities in China

Author: Vasundhara Singh

Invest India, under the guidance of the Department for Promotion of Industries and Internal Trade, conducted a strategic investor outreach to China to highlight the manufacturing potential and investment opportunities present in India. In line with the Government of India’s stance on promoting clean mobility and sustainable development, this investor outreach focused its attention on attracting FDI in the E-Mobility component sector. 

This strategic initiative was executed in China from 24 June to 27 June 2019. The Invest India team travelled to Shanghai, HeFei, NinDe and Shenzhen where it organised focused roundtables and supplier meets with component manufacturers and other ancillary and support sectors. Support from Government departments was a key factor in these interactions as was evidenced by the involvement of representatives from the Department of Heavy Industries (DHI). Senior officials from DHI participated through video conference, to provide clarity on the much-awaited FAME-II Policy, that has acted as a catalyst to the growth of the EV sector in India.  

This Indo-China outreach extended to investors across sectors, including but not limited to, automobiles, telecom and electronics. This initiative was organised in collaboration with key banks and consulting firms from China. The Invest India team conducted focused one on one meetings and supplier roundtables to draw attention to India’s growth story and it’s synergies with the manufacturing industry. 

Given the rising labour costs in China and escalating diplomatic tensions between US-China, time is opportune for India to attract large scale companies looking for new manufacturing locations. With continued Governmental support and such strategic investor outreach efforts, India can become the new global manufacturing hub.