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Why BofA Thinks Companies Moving Out Of China May Choose India
BofA says the situation is ideal for the ‘Make in India’ initiative.
01 Jun 2020, 08:07 PM IST
The Covid-19 disruption and policy changes by the government could prove to be the push that the ‘Make in India’ initiative needed to succeed, according to BofA Securities.India’s effort to boost local manufacturing can be split into two parts: to get more foreign companies to invest in India; and import substitution, Amish Shah, India equity strategist at BofA Securities, said in an interview with BloombergQuint.The consumer electro...
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