TOP US COMPANIES READY TO INVEST AND SHIFT MANUFACTURING BASE IN INDIA


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TOP US COMPANIES READY TO INVEST AND SHIFT MANUFACTURING BASE IN INDIA

TOP US COMPANIES READY TO INVEST AND SHIFT MANUFACTURING BASE IN INDIA INTRODUCTION • About 200 American companies are seeking to move their manufacturing base from China to India post the general elections • The companies are talking about how to set up an alternative to China by investing in India. Source: The Financial Express CRITICAL ISSUE • All the way from land issues to customs issues to being part of the global supply chain.  • There's a whole plethora of reforms that need to go further down. Source: The Fintech Times APPLE • Apple plans to shift 20% of production capacity from China to India, eying $40 billion export revenue. • Apple produced merchandise valued at $220 billion in China in 2018-19 Source: Moneycontrol FACEBOOK • Facebook made an announcement of spending $5.7 billion for a 9.99 percent stake in Jio Platforms, the tech subsidiary of India’s Reliance Industries. • The investment is the single largest in Facebook’s history. Source: Latestnews.com GOOGLE • Google is a leading technology company with a presence across 50 countries. • The company plans to invest $10 billion in India over the next 5-7 years by way of equity investments Source: BGR India MICROSOFT • Microsoft’s venture fund, announced its local presence in India with the opening of an office in Bangalore. • The office will pursue investment opportunities across the region, focusing on B2B software start-ups. Source: Business Standard FORD MOTOR COMPANY • An investment of $500 million from Ford Motor Company, the Ford India plant, was selected as the ideal production source for Ford's new car. • It will be produced not only for India but also for export to other international markets. Source: ET Auto AMAZON • Amazon's founder, Jeff Bezos, has announced to invest $1bn (£776m) in small businesses in India. • The funding would impact up to 10m small and medium businesses in India Source: Livemint PEPSICO • PepsiCo announced that it will invest more than $5 billion with its partners in India to raise production. Source: Business Standard MASTERCARD • Global card payment company MasterCard plans to invest $1 billion in next five years. • This will lead towards the development of new technologies and products. Source: Business Standard General Electric • As part of an ongoing exercise, the global conglomerate General Electric (GE) plans to halve the number of its suppliers in India out of the current 3,000 within three years, a top company executive said. Source: Yahoo General Motors • General Motors (GM), the second-largest automaker in the world, will invest $1bn in India by 2020. The fresh investment will be used primarily to increase production from 1,30,000 units a year to 220,000 by 2025 at its Talegaon plant in Pune (Maharashtra). Source: GM Authority