Economies of many countries have been affected due to coronavirus. India is no different. But India is trying its level best to attract companies from all over the world to invest in India and setup there branches here in India. Many companies across the world have announced that they will be setting up their factories in India.
It will help India become a manufacturing hub which in turn increase India’s export business and at the same time provide employment opportunities to a lot of people. Almost 22 mobile companies will be able to create around 12 lakh employment opportunities. Among these, there will be 3 lakh direct and 9 lakh indirect jobs. All this mobile companies cumulated will be investing ₹1 lakh crore, producing mobiles worth ₹11 lakh crore. The foreign companies investing in India include companies like Apple, Samsung, Rising Star.
Currently China which has a global supply chain across the world is seeing many companies backing out from there. India at the same time is trying to attract all these companies to India. According to sources alomost 300 out of 1000 companies which have come out from China are in talks with the Indian government. If things work out there is chance of more investment and employment opportunities in India.
Eduindex News 