India, ASEAN Can Emerge as Indo-Pacific Manufacturing Hub
India, Oct. 30 -- The global shift in manufacturing under the China+1 strategy presents a major opportunity for India and the Association of Southeast Asian Nations (ASEAN) to strengthen their economic partnership and build a shared production network. By combining their respective industrial strengths, the two sides can emerge as a major manufacturing hub in the Indo-Pacific, offering multinational companies an alternative to concentrated production in China, according to an article published by India Narrative.
The article argues that the China+1 strategy should evolve into a shared India-ASEAN production strategy, rather than becoming a competition between individual countries to attract investment. A study by the Economic Research In...
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