India Could Be The Next ‘Global Tech Hub’ As Apple, Amazon Leave China — Reports


Source: eurasiantimes.com eurasiantimes.com

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By Mansij Asthana April 1, 2021 As tech giants such as Apple, Amazon, and Samsung are shifting production from China amid the US-China tensions, India could end up becoming the next global technology hub, according to a report. The report was released on Tuesday by the Asia-based Hinrich Foundation that works to promote sustainable global trade. It says the friction between Washington and Beijing will only help India’s cause if the latter chooses to address longstanding roadblocks including government inefficiency and excessive regulations. “Washington’s technology cold war with Beijing has resulted in strategic decoupling, prompting manufacturing supply chains to shift...