India is expected to remain the world’s fastest-growing major emerging economy in 2017 with a projected growth of 7.2%, after expanding 6.8% in 2016. In July 2017, the Goods and Services Tax (GST), a landmark reform, was rolled out nationally.
Many companies on the mainland shift their manufacturing business to Southeast Asia to meet the challenges of rising production cost. Luen Thai Holdings Limited points out that in order to improve the overall efficiency, the companies have to consider a host of factors other than production cost, e.g., trade measures imposed by foreign countries, the supply chain in the relocation destinations, etc. More
Artesyn Technologies, which is engaged in the manufacturing of IT products and power supplies, has stepped up to upgrade its production plants in China, while reinforcing its R&D capability. The company has also shifted part of its manufacturing activities to where production costs are lower, aiming to make better use of the advantages of different regions for precision planning of production and improve its service to its clients. More