US-China trade war: Chinese investment in India may be imminent, says Mahindra

| | New Delhi
  • 0

US-China trade war: Chinese investment in India may be imminent, says Mahindra

Thursday, 16 May 2019 | PTI | New Delhi

nMahindra Group Chairman Anand Mahindra Wednesday said a wave of Chinese investment in India may be imminent in the wake of intensifying trade war between the US and China.

Commenting on reports that US President Donald Trump will meet his Chinese counterpart Xi Jinping next month, in a tweet Mahindra said, “Even if they settle, a Chinese firm with large exports to the US would be wise to hedge & invest in a subsidiary in India & transfer its scale-manufacturing skills.”

He further said, “Direct exports would simply become indirect. A wave of Chinese investment in India may be imminent...”

His comments come at a time when the US-China trade dispute escalated on Monday when Beijing announced levies duty on US products of $60 billion.

The Chinese move was in retaliation to higher tariff by Washington, which had last week said it planned to impose 25 per cent levies on nearly Chinese products of $200 billion.

State Editions

Admission for UG courses begins in city colleges

22 May 2019 | Divya Modi | Ranchi

BJP trying to lure Cong MLAs, says Nath

22 May 2019 | Staff Reporter | Bhopal

Matching VVPAT slips would delay results: CEO

22 May 2019 | Staff Reporter | Bhopal

BSP suspends Ramveer Upadhyay

22 May 2019 | PNS | Lucknow

12 killed in mishaps

22 May 2019 | PNS | Lucknow

Sunday Edition

Globe Trotting

19 May 2019 | Agencies | Sunday Pioneer

Left, TMC urge EC to ensure free, fair polling

19 May 2019 | PNS | Sunday Pioneer

Didi’s nephew sends defemation notice to PM

19 May 2019 | Saugar Sengupta | Sunday Pioneer

MoD rejects Vice Admiral Bimal Verma's petition

19 May 2019 | PNS | Sunday Pioneer