Many Foreign Companies Willing To Expand In India

Many foreign companies willing to expand in India, have expressed their willingness to invest.

Foreign companies are looking at India as a talent pool. This is the reason why many foreign companies operating in China and Vietnam now want to expand their presence in India.

These companies are easily getting skilled engineers and employees in India as per the requirement. In the last two years, India has also emerged as a reliable nation with rapid economic growth.

Finance Minister Nirmala Sitharaman recently told that she had a meeting with Goldman Sachs and the company told that she sees India as a talent pool.

Most of the engineers working in the company are Indian.

Apart from Goldman Sachs, many semiconductor companies along with companies like Brookfield, IBM, and DHL also want to accelerate their operations in India.

DHL has established two Logistics Facility Centers in India. DHL wants to expand further in India.

Finance Minister Sitharaman said that during the recent participation of the World Bank program in the US, foreign companies operating in places like Vietnam expressed their desire to expand in India.

She said that global agencies are looking at areas like Bengaluru and Hyderabad as talent hubs.

Disenchantment with China.

On the other hand, due to the change in the situation in China in the last two years, the attitude of foreign companies is increasing rapidly towards India.

According to a report by the EU Chamber of Commerce in China last month, 25 percent of foreign companies operating in China now want to manufacture outside China.

The main reason for this is China’s zero covid policy. According to the report of the Chamber, countries like India, Malaysia, Vietnam, and Indonesia can benefit from this.

South Korea also wants to increase investment.

South Korea also wants to increase its investment in India.

South Korea’s ambassador to India, Chang Jae-bok, told an event three days ago that Korean companies in the steel and chemicals sector are considering investing in India.

Many small and mid-sized companies in Korea are preparing to invest in India.

According to sources, Japan’s Soft Bank can also invest one billion dollars in India in the year 2022. Last year, SoftBank invested $3.2 billion in 12 projects in India.