India closes in on Vietnam for tag of 'alternative to China' in tech sector

Owing to the persistent strain in US-China relations, Chinese supply chains have been looking at moving out of their country to locations which the US considers to be 'friendly'

Vietnam’s aggressive policy of urging Chinese and global companies to shift capacity to its shores and hedge their bets has been a key factor in why it has done better under its China Plus one strategy than India. The success of the Vietnam story has been noted by US ambassador to India Eric Garcetti who in a recent speech to the Indo- American Chambers of Commerce pointed out that FDI to India was not flowing at the pace it should. Instead, it was going to Vietnam as India had numerous regulatory and taxation hurdles. 
 

In the first eleven months of