Mahindra Group Chairman Anand Mahindra May 15 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. A wave of Chinese investment in India may be imminent. ” His comments come at a time when the US-China trade dispute escalated on May 13 when Beijing announced levies duty on US products of $60 billion. ” 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.
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