India, Vietnam in race to woo companies away from China
Edited By WION Video Desk
Published: Aug 16, 2023, 05:15 IST | Updated: Aug 16, 2023, 05:15 IST
The world is seeing a major shift in global manufacturing. China is slowly losing its position as the world's factory. But companies are not shifting to another country - lock, stock & barrel. So, it is unlikely that the world will see a single country, as dominant in global manufacturing as China in the future. What can be expected is companies hedging their bets on different countries. So, India, Vietnam, Mexico, brazil & Thailand, will have to share the spoils of the global shift in manufacturing.
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