About 200 companies in the US want to bring their manufacturing stakes from China after the general elections. The US-India Strategic and Partnership Forum (USISPF), a volunteer group trying to strengthen the relations between America and India, told this. Foram said that there are great opportunities available in India for companies looking for any other option other than China. chairman Mukesh Adhi said that many companies are interacting with them and asking that China's option to invest in India can be made in any way.
He said that the Group will recommend the new government to speed up reform and bring transparency in decision making process.commerce, not a strong stance on data an interview he said, I think this is sensitive. We recommend bringing more transparency into the process and making it more advisable within 12 to 18 months. We are seeing that the decision to make e-commerce, local storage of data, is being considered by the American companies as an international factor not recognizing the local factor.
Promote new government reforms
In response to the new government's response to attracting investment, the minister said that the new government should speed up the pace of improvement. Transparency should be brought into the decision-making process and the emphasis is on strengthening consultation with more parties. He also recommended a Free Trade Agreement between India and America.
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