Impact of COVID-19: Making India an Alternative Global Supply Chain Option
Dublin, June 19, 2020 (GLOBE NEWSWIRE) -- The "Making India an Alternative Supply Chain Option for the World: COVID-19 Triggered Global Supply Chain Chaos and Opportunity for India" report has been added to ResearchAndMarkets.com's offering.
China is India's largest source of imports with $70 billion worth of products reaching Indian markets from Chinese shores. From $41 billion in 2010, the imports have grown by 1.8X in 9 years. The country was also India's third-largest export destination with outbound shipments valued at $16.5 billion.
Massive Chinese imports have undermined capacity utilization, technological advancement and dented CAPEX. Markets for electronics, electrical goods, solar panels, chemicals, bulk drugs, metals, furniture, many household/gifts items, toys, footwear, hardware, tiles, automobile components, tires, bicycle parts, bearings, and machinery are dominated by Chinese products. Make-in-India is swamped by Made-in-China.
Despite this, a significant share of Indian importers across a broad range of sectors has continued to rely on regular trips to manufacturing hubs in China to place orders for products. With these visits now called off, importers fear they would lose out once the situation normalizes and importers from other nations scramble to call in their own orders. Chinese imports have led to the closure of many businesses, switching from manufacturing to trading and over-dependence on Chinese inputs.
Post COVID-19, that World will have to move towards the new normal. In this new normal, Globalization template will have to be relooked at. This not only in India and worldwide, as a result, it's a mega opportunity for Indian companies to not only move towards creating redundancies but also to reduce reliance on imports and focus on large scale indigenization, this to be able to play a key role in the imminent major reshuffle of the global supply chain.
COVID-19 completely decimated the critical mass of value chains that have built up in China. According to experts, large volumes of manufacturers are experiencing supply problems due to the outbreak, with companies increasing the use of force majeure' a contract law which refers to exceptional events which prevent or hinder the performance of an obligation.
Worldwide, companies look to diversify their strategy when it comes to sourcing, India stands to gain from this move which will break the concentrated supply chain mould to spread out supply chain mould in the best possible efficient and effective manner. India stands to gain in this wave of supply chain re-construction after COVID-19 led de-construction.
This research report aims to provide a detailed view of:
What China exports to the world
What India imports from China
What India can indigenize under Make in India
What India cannot indigenize under Make in India
Post COVID-19 is an opportunity for India to scale up its Make in India program under the premise of Decentralized Supply Chain World.
Key Topics Covered
1. Executive Summary
2. Approach & Methodology
3. Impact of COVID-19 (Scenario Analysis)
Impact on the Economy
Impact on Sectors
Impact on Capital Availability
Impact on Discretionary Spending
4. Overview of Chinese Imports in India
By Value
By Volume
By Ports
By Commodity
By Sector
5. Overview of Chinese Exports to the World
By Country
By Commodity
By Sector
6. China - India Trade Agreement Contours
7. Commodity Wise Imports from China in India
Coverage of Commodity by Industry
Telecom
Machinery/Equipment
Automotive Components
Minerals
Precious Metals
Steel
Cement
Pharma
Electronics
Electrical Goods
Pipes
White Goods
Bearings
Textile
Lighting
Others
Import Value & Volume
Port wise Imports in India
Respective Commodity local manufacturing/supply capability
Trigger for imports
Locally not manufactured
Price Competitiveness
Supply Agility
Others
Make in India - Possible
Possible Scenario
Not Possible Scenario
8. Potential for India to be an alternative to China
Optimistic
Pessimistic
Realistic
9. Chinese Companies Presence in India
Sector-wise
The proportion of M&A trade deals
Investments in India
10. Detailed analysis of
Commodity to focus on indigenization
Commodity to focus on for the export opportunity
11. ViewPoint: Can India Become an Alternative to China
12. Improving Manufacturing Sector Attractiveness in India
Policies
FDI Since Corporate Tax Cuts
Private Sector Investment
Cost of Power
Credit Cost
13. Government Push for Indigenization & Initiatives taken
Lower Tax Rates
Investment in Infrastructure
Roads, Ports, Logistics
Access to raw materials
Land Availability
Focus on SMBs
14. Factors that make India in Sweet Spot
Geo-political factors
US-China Trade Deal Contention
15. Competition from India
Indonesia
Vietnam
16. Lessons from China Case Study
Scale
Labour Laws
Agile Manufacturing
Cost of Manufacturing
Creation of SEZs
Industrial Clusters
For more information about this report visit https://www.researchandmarkets.com/r/npob8z
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