What is China Plus one strategy?
The COVID-19 pandemic ravaged the whole world and disrupted the entire global supply chain. It prompted companies to invest in other countries around the world to not depend on China wholly. This strategy is called China plus one strategy
How did China manage to attract initial foreign investment?
Significant reasons why companies are looking for alternatives to
How can India appeal to foreign investors?
Infrastructure: make transportation and infrastructure better and invest in special economic zones to attract labor for the factories.
A) The road connectivity in the country poses a significant problem as the quality of roads is below average in some parts of the country, which causes a delay in transportation and increases the cost of maintenance of the vehicle.
B) The airports and seaports are still not capable of handling a large consignment.
C) A faulty logistical approach also poses a problem that leads to companies reconsidering their options.
D) Invest in making good schools and hospitals around these economic zones to ensure the quality education of children of labor.
Address the power problem: Govt has to focus on giving power at a subsidized rate and invest in renewable energy sources to remove dependence on fossil fuels.
A) Invest in modernizing power transmission to long distances. Most of the power lines are still not underground, which poses a problem during natural calamities.
B) The government has to ensure that the power is supplied to each part of the country so that the factories in remote areas can function smoothly.
Try to promote the growth of small-scale industries and establish a communication channel between these small-scale industries and the MNCs and promote collaboration between them.
Promising stores of natural resources.: Ensure a proper supply of water and metals and minerals to these regions.