China Plus One: Opportunity For India, TN Doing Best To Attract FDI, Says Economic Adviser <meta name="twitter:card" content="summary_large_image"> <meta name="twitter:site" content="@ManashjyotiS"> <meta name="twitter:title" content="China Plus One: Opportunity For India, TN Doing Best To Attract FDI, Says Economic Adviser"> <meta name="twitter:description" content="<p style="text-align: justify;">New Delhi: 'China Plus One' opportunity is opening up for India and Tamil Nadu is doing its best to take the state's competitive advantage in attracting foreign direct investments, former chief economic adviser Arvind Subramanian said on Thursday.</p> <p style="text-align: justify;"><strong>ALSO READ: <a class="fw-bold" href="../centre-taking-steps-to-boost-domestic-supply-of-dap-fertilisers" target="_blank" rel="noopener">Centre Taking Steps To Boost Domestic Supply Of DAP Fertilisers</a></strong></p> <p style="text-align: justify;">Addressing an event organised by the Centre for Social and Economic Progress, Arvind Subramanian further said India was not able to attract FDI like China, Taiwan and Vietnam, due to which the domestic firms have not been able to integrate with global value chain. Not being part of the global value chain have adversely impacted our exports and labour-intensive sector, he said, adding that 'China plus one' opportunity is opening up for India and Tamil Nadu is doing its best to take its competitive advantage in attracting foreign direct investments.</p> <p style="text-align: justify;"><strong>India's Manufacturing Struggles, Investment Growth Amid Global Shifts, Warns Experts</strong></p> <p style="text-align: justify;">Arvind Subramanian, currently a senior fellow at Peterson Institute for International Economics, noted that India's manufacturing labour-intensive sector has underperformed due to various reasons including strict labour laws and small firm size. '<a href="https://economictimes.indiatimes.com/news/economy/foreign-trade/china-plus-one-opportunity-opening-up-for-india-tamil-nadu-doing-its-best-to-attract-fdi-arvind-subramanian/articleshow/115765702.cms?from=mdr" target="_blank" rel="noopener">China plus one</a>' refers to the global trend of multinational firms moving to other countries, in addition to China. </p> <p style="text-align: justify;"><strong>ALSO READ: <a class="fw-bold" href="../ochre-spirits-eyes-10-pc-market-share-rs-100-cr-turnover-in-next-4-years" target="_blank" rel="noopener">Ochre Spirits Eyes 10 Pc Market Share, Rs 100 Cr Turnover In Next 4 Years</a></strong></p> <p><strong><img class="img-responsive" style="display: block; margin-left: auto; margin-right: auto;" title="cina.jpeg" src="../storage/app/public/post/inner-photo/blobid1732807420094.jpg" alt="" width="497" height="280"></strong></p> <div class="flex-shrink-0 flex flex-col relative items-end"> <div> <div class="pt-0"> <div class="gizmo-bot-avatar flex h-8 w-8 items-center justify-center overflow-hidden rounded-full"> </div> </div> </div> </div> <div class="group/conversation-turn relative flex w-full min-w-0 flex-col agent-turn"> <div class="flex-col gap-1 md:gap-3"> <div class="flex max-w-full flex-col flex-grow"> <div class="min-h-8 text-message flex w-full flex-col items-end gap-2 whitespace-normal break-words [.text-message+&]:mt-5" dir="auto" data-message-author-role="assistant" data-message-id="7e435db2-ec78-4e40-b6a4-e31d1814fc2c" data-message-model-slug="gpt-4o"> <div class="flex w-full flex-col gap-1 empty:hidden first:pt-[3px]"> <div class="markdown prose w-full break-words dark:prose-invert light"> <p style="text-align: center;"><span style="font-size: 8pt;"><em>China Plus One strategy boosts Tamil Nadu's FDI, highlights India's need for global value chain integration.</em></span></p> </div> </div> </div> </div> </div> </div> <p style="text-align: justify;">Speaking at the event, former Planning Commission deputy chairman Montek Singh Ahluwalia also said, "We are in a serious danger of stigmatising many serious businessmen." Recently, Tamil Nadu Chief Minister M K Stalin had said the state has attracted investments worth over Rs 9 lakh crore in the last three years and generated 31 lakh new jobs.</p>"> <meta name="twitter:image" content="https://business-northeast.com/image-compress.php?imgpath=https://www.business-northeast.com/storage/app/public/post/feature-img/647151732807758.jpeg"> <meta property="og:image" content="https://business-northeast.com/image-compress.php?imgpath=https://www.business-northeast.com/storage/app/public/post/feature-img/647151732807758.jpeg">

China Plus One: Opportunity For India, TN Doing Best To Attract FDI, Says Economic Adviser

BNE News Desk ,

November 28, 2024

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New Delhi: 'China Plus One' opportunity is opening up for India and Tamil Nadu is doing its best to take the state's competitive advantage in attracting foreign direct investments, former chief economic adviser Arvind Subramanian said on Thursday.

ALSO READ: Centre Taking Steps To Boost Domestic Supply Of DAP Fertilisers

Addressing an event organised by the Centre for Social and Economic Progress, Arvind Subramanian further said India was not able to attract FDI like China, Taiwan and Vietnam, due to which the domestic firms have not been able to integrate with global value chain. Not being part of the global value chain have adversely impacted our exports and labour-intensive sector, he said, adding that 'China plus one' opportunity is opening up for India and Tamil Nadu is doing its best to take its competitive advantage in attracting foreign direct investments.

India's Manufacturing Struggles, Investment Growth Amid Global Shifts, Warns Experts

Arvind Subramanian, currently a senior fellow at Peterson Institute for International Economics, noted that India's manufacturing labour-intensive sector has underperformed due to various reasons including strict labour laws and small firm size. 'China plus one' refers to the global trend of multinational firms moving to other countries, in addition to China.

ALSO READ: Ochre Spirits Eyes 10 Pc Market Share, Rs 100 Cr Turnover In Next 4 Years

China Plus One strategy boosts Tamil Nadu's FDI, highlights India's need for global value chain integration.

Speaking at the event, former Planning Commission deputy chairman Montek Singh Ahluwalia also said, "We are in a serious danger of stigmatising many serious businessmen." Recently, Tamil Nadu Chief Minister M K Stalin had said the state has attracted investments worth over Rs 9 lakh crore in the last three years and generated 31 lakh new jobs.