Why are Singapore manufacturers moving to India? | Finsights Uk

Описание: Why are Singapore manufacturers moving to India? | Finsights Uk

#india and #singapore have a robust trade relationship, with bilateral trade reaching $30.11 billion for fiscal year 2021-22. Singapore is the second-largest investor in India, having invested $140.99 billion in India since April 2000. Among Singapore firms that have shifted their operations to India are contract manufacturers who support and supply larger multinational corporations (MNCs), some of whom have re-located to India.
India has been attracting more manufacturers to its shores since 2014 when Prime Minister Narendra Modi launched the “Make in India” campaign to put India prominently on the global manufacturing map and, in turn, facilitate the inflow of new technology and capital, while creating millions of jobs


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