According to the South China Morning Post , after the Covid-19 outbreak broke out in Wuhan (Hubei province, China ) and spread around the world, a series of foreign businesses with production lines in China showed signs of losing. faith in the country and seeking opportunities to move into new markets.

India immediately launched a campaign to invite foreign investors with attractive incentives. The New Delhi government identified a number of important industries - including electronics products - as key areas for inviting investment.

The governments of the states of Gujarat, Madhya Pradesh and Uttar Pradesh have quickly relaxed labor laws. New Delhi is also developing a land fund twice the size of Luxembourg to attract investors.

SCMP sources said Indian officials believed that China’s poor handling of the first Covid-19 epidemic, lax intellectual property protection laws and strained relations with the US, Europe or Australia. Last time will cause foreign investment flows into the world’s second largest economy plummeted.

Therefore, New Delhi is determined to promote the program "Made in India" to develop the domestic production system.

One of India ’s biggest advantages is its developing economy. The International Monetary Fund (IMF) views India as one of the few economies that will still grow in 2020 despite the Covid-19 pandemic.

With a population of nearly 1.4 billion , India possesses a huge consumer market and people’s income is growing fast . The Indian Government has continuously launched investment stimulation measures since 2014. Foreign investment policies have been relaxed, intellectual property rights protection laws have been tightened.

The Indian government also reduced the corporate income tax to 15% for new companies in the manufacturing sector. India’s corporate income tax is currently among the lowest in the world.