US-China trade war: Chinese investment in India may be imminent, says Anand Mahindra
Anand Mahindra said, "Direct exports would simply become indirect. A wave of Chinese investment in India may be imminent..."
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 on Monday when Beijing announced levies duty on US products of USD 60 billion.
The Chinese move was in retaliation to higher tariff by Washington, which had last week 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..."
Responding to a query by a follower on whether the Chinese investment will protect local interest, he said, "It will create jobs - of the kind India needs...".