Beijing jittery about job loss due to Make in
India drive
As China's telecom firm Huawei starts
manufacturing in India, official media here has raised the red flag, warning
that Beijing needs to worry about job cuts due to shifting of production bases
as economic rivalry increases between India and the world's second-largest
economy .
China needs to worry about
effect of industrial transfer to India on production chain, an article in the
state-run Global Times said on Monday .
Huawei joining
a wave of smartphone vendors establishing production facilities in the
promising mobile market would result in job cuts if mobile manufacturing
shifted to India. “In recent years, countless Chinese companies have been
included into the production chain for smartphone vendors.It is difficult to
accurately determine how many Chinese workers are involved in the production
chain, but what is clear is that all those wor kers face potential job cuts if
smartphone vendors transfer the whole industrial chain of mobile production
from China to India, it said.“Frankly speaking, China can't afford that.
Another article in the same daily said as Chinese investments are on the raise,
Chinese firms must understand Indian company and labours laws before investing.
India's relatively stab le political environment, sustained economic growth
momentum, huge population dividend and cheap labour costs have attracted numerous
international investors, it said.
(TOI)
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