India plans to offer incentives to firms moving out of China amid trade war

India is weighing offering incentives to attract companies moving out of China amid its trade war with the US, a person familiar with the development said.

Financial incentives such as preferential tax rates and the tax holiday provided by Vietnam to lure companies are among measures being considered, the person said, asking not to be identified as the discussion is still private. Industries identified for incentives include electronics, consumer appliances , electric vehicles, footwear and toys, according to a trade ministry document seen by Bloomberg.

Economies, including Vietnam and Malaysia, have benefited from businesses trying to sidestep tariffs, while India