NEW DELHI: Mahindra Group Chairman Anand Mahindra recently said a wave of Chinese investment in India may be imminent in the wake of intensifying trade war between the
US and China. Commenting on reports that US President Donald Trump will meet his Chinese counterpart
Xi Jinping next month, in a tweet Mahindra said, "Even if they settle, a Chinese firm with large exports to the US would be wise to hedge & invest in a subsidiary in India & transfer its scale-manufacturing skills."
He further said, "Direct exports would simply become indirect. A wave of Chinese investment in India may be imminent..." His comments come at a time when the US-China trade dispute escalated when Beijing announced levies duty on US products of USD 60 billion.
The Chinese move was in retaliation to higher tariff by Washington, which said it planned to impose 25 per cent levies on nearly Chinese products of USD 200 billion.
Mahindra also said, "Many Indian companies will take advantage of the opportunity as well".
