All this talk of US companies returning home from China is not all that simple. They face significant problems.
The Trump administration wants to reduce American dependence on overseas supply lines by encouraging ‘reshoring’, but returning manufacturers often face old infrastructure, underdeveloped networks and poor labour pools!!
If that's the situation in the US, which company would like to relocate to India? We don't have even 10% of the infrastructure that the US has! Vietnam is also far ahead as is Mexico and the ASEAN countries!
The truth is that with creaking infrastructure, we've still a long way to go before we can get companies to relocate here from China. (We were making a huge song and dance just a few months ago that companies will come rushing to India due to the Chinese virus and anti China sentiment, is mostly misplaced. That's not going to happen any time soon).
"If that's the situation in the US, which company would like to relocate to India? We don't have even 10% of the infrastructure that the US has! Vietnam is also far ahead as is Mexico and the ASEAN countries!"
- We coolies don't expect any manufacturing to relocate/ spring up in India soon. We coolies know that and that's why we coolies chuckle at scientists when scientists do maths over what would happen to Indian economy in next 35 years
In India, the defence establishment in non-combat strategy, the PSUs, the politicians, the scientists work without a deadline BUT we coolies work with strict deadlines (including the scientist coolies who do research in private sector). So we coolies are different breed altogether and we just laugh at the grand-standing of people who work without a deadline and with job-security
However we coolies being coolies know that we are more capable than scientists who do maths
It takes just 10 years by Indian standards to start a few manufacturing shops from global leaders in India by giving them "incentives".... after that it's more of a chain reaction. Indian Coolies and MNC bosses of non-indian origin will do it. Because they have ability and confidence. After that Indian govt can collect taxes, politicians can profit from hiked land prices and assorted people can benefit from the industry (the 2nd order, 3rd order effects). However all these will NOT happen in next 5 years. In next 5 years, other things would happen.
These things should have happened 20 years back