India's Manufacturing Goals: Competing with Vietnam and Overcoming Challenges

Despite these challenges, India is making significant progress in attracting investment from major players. Tech giants such as Apple and Google are expanding their manufacturing operations in India, indicating growing confidence in the country's potential as a manufacturing hub. However, India's higher import duties compared to Vietnam present a barrier to entry for some investors. Efforts to lower these tariffs are underway, but progress is gradual and industry-specific.

Moreover, India's infrastructure and logistical shortcomings pose additional hurdles to its manufacturing ambitions. Lengthy shipment and road delivery times, coupled with a lack of modernized infrastructure, detract from India's appeal to foreign companies. Nonetheless, India is investing heavily in modernizing its systems, particularly in logistics and transportation, to improve efficiency and attract more investment. Despite the challenges, India remains optimistic about its prospects, aiming to leverage its strengths in the electronics manufacturing sector to compete effectively with Vietnam and position itself as a formidable manufacturing alternative to China in the long run.