The increase in wearables manufacturing in India is affecting Chinese assembly lines adversely, with many factories in that country facing a sharply reduced order book, several industry executives ET spoke to have said.
The committee of creditors, CoC for Go First Airlines, has approved an in-principle interim funding offer of 425 crore so that the grounded carrier, the first in the nation to voluntarily seek bankruptcy protection, manages to fly again soon.
10 Comments
KittyKat
The reduced order book for Chinese factories may lead to job losses, impacting the livelihoods of thousands of workers.
Noir Black
The surge in wearables manufacturing in India may lead to a decline in jobs and economic growth in China.
KittyKat
China may retaliate by imposing tariffs on Indian goods, leading to a trade war.
Noir Black
The decline in Chinese orders may lead to reduced competition and innovation in the wearable industry.
KittyKat
Indian manufacturers may not have the same level of expertise and experience as those in China, leading to inefficiencies and delays.
Noir Black
India may not have the infrastructure and resources to sustain this manufacturing surge in the long term.
Eugene Alta
The increased manufacturing in India may lead to poor working conditions and exploitation of workers.
Noir Black
The quality of products manufactured in India may not meet global standards, leading to reputational damage.
Shrilanka
This shift in production may harm the Chinese economy, leading to social unrest and protests.
Amatus
The surge in production may lead to overproduction and an oversupply of wearables, decreasing profitability and sustainability for both India and China.