Get Even More Visitors To Your Blog, Upgrade To A Business Listing >>

What is Causing Singapore Manufacturing to Relocate to India?

India’s “Make in India” campaign, launched in 2014, aims to promote manufacturing and attract foreign investment. The government’s efforts to improve the ease of doing business have resulted in India’s rise in the World Bank’s Ease of Doing Business Index. India aims to increase the manufacturing sector’s share of GDP to 25% by 2025.

Amid supply chain disruptions and geopolitical tensions, India has attracted companies like Apple, Samsung, Kia, Boeing, Siemens, and Toshiba to shift their manufacturing activities to the country. Singaporean firms, including contract manufacturers supporting multinational corporations, have also shifted operations to India. Enterprise Singapore has been instrumental in facilitating the entry of Singaporean firms into India and supporting their growth through favorable policies and economic opportunities. Tamil Nadu, India’s most industrialized state, has been a focal point for Singapore manufacturers, with around 39,000 registered factories in the state.

The post What is Causing Singapore Manufacturing to Relocate to India? appeared first on Insights Success.



This post first appeared on Choksi Tax Services, please read the originial post: here

Share the post

What is Causing Singapore Manufacturing to Relocate to India?

×

Subscribe to Choksi Tax Services

Get updates delivered right to your inbox!

Thank you for your subscription

×