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Be calm, strategise to take on Indian mfg sector: Chinese media tells China

Says the heavy inflow of foreign funds into India today is something China saw two decades ago

Press Trust of India  |  Beijing 

Foreign investors make a strong comeback

is receiving a "massive influx" of which will greatly enhance its ability to develop the and should "keep calm" and start working on a more effective growth strategy for the new era, a state-run newspaper said today.

"This massive influx of investment by foreign manufacturers is of great significance for India's economy, employment and industrial development," an article in the Global Times said.


"should be calm seeing India's rise. To cope with competition from India, could start working on a more effective growth strategy for the new era now," it said.

The influx of foreign manufacturers is addressing some of India's weaknesses and enhancing its manufacturing ability, with Chinese companies also playing an important role in the process, according to the article.

"This is a repeat of China's introduction of foreign investment, which is why it is likely that may succeed.

"If in the past lacked capital, a developed and skilled manufacturing workers, the foreign manufacturing inflow is now helping address the problem, backing up the government's 'Make in India' initiative," it said.

The article listed a host of foreign companies including some of the Chinese firms which are investing in

"It should be pointed out that what is happening in occurred in two decades ago.

"Just like what happened with during its reform and opening-up, the arrival of foreign manufacturing will greatly enhance India's ability to develop its manufacturing sector, which will help in cultivating a large number of skilled workers, managers and factories," it added.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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