US companies focus on India after Covid-19 outbreak in China
According to reports, more than 200 American companies want to set up their manufacturing units outside China in Asia after the outbreak of coronavirus. Now, the US firms are focusing on India with the availability of manpower and investor-friendly state governments. As per the reports, the American companies are planning to shift their production units to India. However, they will take a concrete decision regarding shifting of companies from China to India after the US presidential election. India to emerge as a global manufacturing hub if US firms prefer India over China.