India planning incentives to attract Chinese cos
With the aim of attracting investments from Chinese companies, India is mulling over the idea of
offering incentives such as preferential tax rates and the tax holiday like the one being provided by Vietnam. Some other suggestions pertain to setting up affordable industrial zones and giving preference to local
manufacturers in government procurement to win over companies looking for an alternative production
The key industries which are being targeted for investments include electronics, consumer appliances,
electric vehicles, footwear and toys. The government has recognised more than 150 commodities where
it feels Indian exporters can increase business with China. This is a part of the government’s efforts to
promote Make in India, shun India’s import dependence and bolster exports to 25% by 2020.