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ET NOW Spotlight: Can China Plus One Be A Boon For India’s Manufacturing Sector

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02 OCTOBER 2021 12:21 IST | ENGLISH | GENERAL AUDIENCE
China is currently facing several pain points. It’s regulations relating to emissions have put pressure on manufacturing of steel and use of coal in production of electricity, resulting in power outages in several parts of the country. The power outages have impacted industrial production and the clamour is growing to increase imports of coal. Meanwhile, the Evergrande Real Estate Group continues to hover on the brink of collapse – which could have calamitous effects on commodities and financial markets. In this context, the growing buzz surrounding the China Plus One strategy must be taken seriously. More global manufacturers are now looking outside of China to set up production facilities. The question is, which sectors in India stand to benefit the most?
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