100 US firms to Exit China And Invest in India – Burning Issues

Table of Contents

Opportunity for India

As many as 100 US companies keen on exiting China after the Covid-19 pandemic are seriously considering Uttar Pradesh as their new destination.

Which Companies will come to India?

The companies include Lockheed Martin, Adobe, Honeywell, Boston Scientific and Cisco Systems as well as global delivery services providers like UPS and FedEx.

Mastercard was keen on exploring opportunities in rural areas by providing the facility of digital payment to kirana stores
UPS and FedEx evinced interest to invest in Jewar airport by developing logistic centres.
Boston Scientific has plans to set up a medical equipment plan.

Why UP is a good destination?

State is home to more than 90 lakh MSMEs and skilled labour
With a stable government in the state, coupled with creation of a robust support infrastructure in terms of roads, water supply, irrigation capacity and 24×7 power supply
UP is among the frontrunners on the growth trajectory among large states of the nation
Various incentives such as capital subsidy, land subsidy, etc. will be given.
I am hopeful we will be able to bring them to UP, given how we are working by making changes in our industrial and sectorial policy

</div>" width="100%" height="315" frameborder="0"><span data-mce-type="bookmark" style="display: inline-block; width: 0px; overflow: hidden; line-height: 0;" class="mce_SELRES_start"></span>