Monday, 26 September 2016

Beijing Jittery About Job Loss Due To Make in India drive

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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