24 companies planning to shift mobile business from China to India
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In a major setback for China amid the global outrage against Beijing expansionist regime, at least 24 companies are mulling setting up mobile manufacturing factories in India in a bid to shift operations from China. “There is a reasonable chance for India to gain in terms of incremental investment of supply chains within the country over the medium term," said Kaushik Das, chief India economist at Deutsche Bank AG in Mumbai.