New Delhi: As the multi-national companies recognise the importance of diversifying supply chains, India and Vietnam are the key beneficiaries as global firms are looking for supply chain alternatives outside of China, a new report by global investment bank Nomura has stressed.
According to the global brokerage, India with its robust manufacturing policies and Vietnam are set to benefit as companies look for supply chain alternatives to China.
A key factor for India being a natural choice to set up global supply chains is a conducive manufacturing environment provided by the government, be it electronics, automobiles, semiconductors or…