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Localisation is the New Globalisation – Impact on Tech Companies

Tech CompaniesEmerging and major economies are chalking blueprints to become self-reliant and create jobs in the country. Total tech spending in 2019, witnessed a plunge when compared to 2018, where, the total tech spending drew a forecasted amount of 3,212 billion U.S. dollars. Major initiatives and announcements by world-leaders amidst the growing geopolitical tensions is helming Tech giants to establish operations in new geographies. Persistent China-USA trade war and COVID-19 has struck associated economies at large scale.

Make In India

Logging more than 1 billion wireless subscribers, India is the hot-spot which provides huge potential for smartphone makers. Land acquisition, tax benefits and cheap labour are added benefits for multi-billion dollar companies planning to set up in India. India has reiterated its intentions to promote local manufacturing under, Make in India and ‘Atmanirbhar Bharat’ (Self-Reliant India). The Government’s proposal under the Government’s Rs 41,000-crore production-linked incentive (PLI) scheme for mobile phone manufacturing is expected to create around 12 lakh jobs, 3 lakh direct and 9 lakh indirect employment opportunities, in the country.

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Niloy Banerjee

A generic movie-buff, passionate and professional with print journalism, serving editorial verticals on Technical and B2B segments, crude rover and writer on business happenings, spare time playing physical and digital forms of games; a love with philosophy is perennial as trying to archive pebbles from the ocean of literature. Lastly, a connoisseur in making and eating palatable cuisines.

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