Trump decision may effect "Make in INDIA"

 SMTV Desk 2017-02-07 17:29:43  beijing,trump,decision,effect,modi,make in india
Trump decision may effect

Beijing, February 07: President Donald Trump s bring jobs back to America policy could challenge Prime Minister Narendra Modi s Make in India initiative, Chinese media warned on Monday, even as it commented that the US continued engagement with Asian allies may benefit Indo-US ties."It is being speculated that Trump could request more access to India s market while following protectionist policies at home," an article in the state-run, officials said."This move would impact firms outsourcing to India and Indian exporters, particularly in the sectors of IT and pharmaceuticals. Currently, India has one of the largest numbers of educated, technically trained people in the world, making it a favored outsourcing destination for some of the largest US firms. Trump s bring jobs back to America is a challenge to Modi s Make in India ," it said."With regard to Iran, India wouldn t want many alterations to the US-Iran nuclear deal. The former US-initiated sanctions made it hard for India to engage with Iran and significantly reduced the imports from its neighbor," it said."If any visa restrictions are imposed, they would definitely constrain the movement of Indian IT professionals. Indians are believed to be the largest recipients of H-1B visas in the US, and IT companies that outsource to India are among the top sponsors of such visas. Such a move will definitely not go down well with Indian public as well as leaders," it said.But at the same time, the US continued engagement with its Asian allies like Japan and South Korea would work in India s favor and its commitment to its position on the South China Sea might also bring India and US closer, boosting engagement in the field of security, it said."Moreover, cooperation on India s anti-terrorism efforts would be welcome," it said.