INDIA's manufacturing sector is experiencing a significant upsurge, positioning the country as a viable alternative to China for US import sourcing, reports New York's Journal of Commerce.
Major investments from leading companies like Tesla, Apple and Samsung underscore India's growing influence in global supply chains.
US import volumes from India have been steadily increasing, signalling a broader shift in sourcing strategies among North American retailers.
Companies like Walmart are redirecting their focus towards India, attracted by its improving manufacturing capabilities and favourable investment climate.
While India's share of US imports remains modest compared to China, even slight diversification away from China translates into substantial trade volumes for ocean carriers, particularly benefiting east coast ports.
To capitalise on this trend, container lines are expanding services and enhancing port infrastructure in India, anticipating continued growth in trade between India and the United States.
This shift underscores India's evolving role in reshaping global trade dynamics.
SeaNews Turkey
Major investments from leading companies like Tesla, Apple and Samsung underscore India's growing influence in global supply chains.
US import volumes from India have been steadily increasing, signalling a broader shift in sourcing strategies among North American retailers.
Companies like Walmart are redirecting their focus towards India, attracted by its improving manufacturing capabilities and favourable investment climate.
While India's share of US imports remains modest compared to China, even slight diversification away from China translates into substantial trade volumes for ocean carriers, particularly benefiting east coast ports.
To capitalise on this trend, container lines are expanding services and enhancing port infrastructure in India, anticipating continued growth in trade between India and the United States.
This shift underscores India's evolving role in reshaping global trade dynamics.
SeaNews Turkey