Canon mulls plants in India, elsewhere to hedge against US-China trade war

Firm is conducting feasilbility studies on setting up units in 40 countries, will take final call based on global fallout of trade spat

With the escalating US-China trade war threatening to cause a global economic meltdown, Canon Inc is conducting feasibility studies across 40 countries, including India, to set up manufacturing plants, which it believes will help in hedging possible economic issues.

“We are conducting feasibility studies across the world in about 40 countries and are ready to set up new factories in some countries because US-China relations might affect production or business; so we always need to be prepared,” Kazutada Kobayashi, advisory director of Canon, told Business Standard.

The studies, being conducted from its Tokyo headquarters, will check the basic fundamentals of