Offer easier laws, stable policy regime to woo firms from China: Experts

Say Beijing's ability to retain MNCs can't be downplayed; Incentives are largely in place, India needs to focus on business environment as well

India is looking at attracting companies shifting from China, but experts suggest the country will have to offer liberal land and labour laws as well as guarantee the policy regime will not be changed mid-way for the move to be successful. Some said China has the capacity to retain multi-national corporations, providing India little space to woo them.
 

Former NITI Aayog vice-chairman Arvind Panagariya, who had suggested setting up Coastal Economic Zones to attract companies from China, told Business Standard: “Why are the multinationals going to Vietnam and Bangladesh instead of India and Indonesia? Is it the ‘incentives’ on which