To surpass China! Replace China!

This is the slogan India has been shouting for the past two years.

Especially in the manufacturing sector, as India has long been the world's most populous country, it always wants to secure the title of the new world factory.

Of course, we must first clarify that today's manufacturing industry also includes high-end manufacturing with high technological content.

For example, global high-end manufacturing enterprises such as Foxconn, Samsung, and Apple will select locations worldwide for construction.

Once selected by these factories, there will be a qualitative improvement in the level of the local and even the entire country's manufacturing industry.

Take Vietnam as an example, it started cooperating with Apple five years ago,

Apple placed part of its AirPods, iPad, and MacBook assembly operations in Vietnam.

Since 2019, this supply chain has invested nearly $16 billion in Vietnam.

India, of course, is aware of the positive impact of these high-end supply chains, which is why it has raised the slogan of surpassing China.

But the fact is that reality has dealt India a heavy blow.

Last month, Foxconn announced its return to Zhengzhou, Henan Province, with an additional investment of $1 billion to build a headquarters building and transfer some production capacity back to China.

The reason is that the yield rate of products made in India is too low and simply cannot be sold!

Moreover, the quality of Indian workers and infrastructure is subpar.

That's not all, apart from the dirtiness, chaos, and poor conditions, India itself is unable to establish a complete supply chain,

Many things still need to be imported from China, and with tariffs, the cost is even higher!

For these foreign investors, building factories in India is even more redundant.

For India, their imaginary enemy may not be China but neighboring Vietnam.

China's independent manufacturing industry has also completed its upgrade.

For example, China's investment projects in Vietnam have accumulatively exceeded 3,000, with a registered capital of nearly $21 billion, accounting for 5.5% of Vietnam's total investment.

Made in China has not only gone global but also been able to influence a country's economy!

In contrast, India is not only despised by almost all companies in the world, but it also fails to develop its own high-end local manufacturing.

Although both are developing countries, India's foreign management is also extremely chaotic.

According to relevant reports, in Southeast Asian countries, a cargo ship can complete unloading within 8 hours and then be loaded onto trucks and transported to factories.

But not in India, where it is likely to be detained by customs for several days.

Tell me, who dares to invest in India with such a business environment?

The slogan of surpassing China is, of course, nonsense!