china exposure: Investors in talks with firms to diversify China exposure in supply chain, funding

News Snapshot:

BENGALURU: India’s investor community has begun conversations with companies to diversify their China exposure and search for alternatives, whether it is for production and supply chain or fundraising, four people aware of these discussions told ET. “This sentiment against China is not a gimmick, it’s here to stay,” said a venture capitalist at a toptier fund based in Bengaluru. For consumer brands and electric mobility startups, this would largely mean finding alternative supply chain channels in India for manufacturing components and packaging materials, while social commerce players will have to relook at their suppliers’ backend procurement processes, the sources said....