India plans to offer tax breaks to companies moving away from China as trade war forces the world to rethink supply chains

//India plans to offer tax breaks to companies moving away from China as trade war forces the world to rethink supply chains

India plans to offer tax breaks to companies moving away from China as trade war forces the world to rethink supply chains

India is weighing offering incentives to attract companies moving out of China amid its trade war with the US, a person familiar with the development said.Financial incentives such as preferential tax rates and the tax holiday provided by Vietnam to lure companies are among measures being considered, the person said, asking not to be identified as the discussion is still private. Industries identified for incentives include electronics, consumer appliances, electric vehicles, footwear and toys,…

Article by [author-name] (c) South China Morning Post - Read full story here.

By | 2019-06-25T05:32:07+00:00 June 25th, 2019|Business|Comments Off on India plans to offer tax breaks to companies moving away from China as trade war forces the world to rethink supply chains