India is chasing an elusive China dream9 min read 20 May 2020, 09:14 PM IST
India’s attempts to attract factories from China have underestimated the Middle Kingdom’s competitive edge
Post covid-19, companies will increase inventories or relocate some supplies to locations closer to home markets rather than move production in a big way
BENGALURU : A decade ago, as China’s labour costs began to rise by double-digits in industrial provinces such as Guangdong, the Hong Kong-based Epic Group rapidly expanded its garment factories in Bangladesh to take advantage. Today, Epic, which makes casual shirts, lounge and work clothing, and now masks and scrubs, has 25,000 workers working in Bangladesh and a couple of thousand each in Vietnam and Ethiopia. Orders from its retailer customers in the US are communicated electronically to its warehouses and back to Epic’s factories in Asia.
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