look news india
Following the US ban on exports of computer chip-making equipment, software and high-bandwidth memory chips to China, China on Tuesday also banned the export of some high-tech and critical metals used in military equipment, including gallium, germanium, antimony. Announced to be installed. to America.
After these two restrictions, there are indications that the trade war between China and America will deepen in future. However, if we look at the past, countries like Vietnam, Mexico and India, which are not in favor of the US and China, have benefited due to the rivalry between the above two countries and it is likely that they will benefit from it. Time also. The reason behind this is that both America and China have to buy goods from countries like Vietnam, Mexico and India, which they cannot buy from each other’s markets due to this restriction and that is why there is a possibility of decline in exports. . These three countries will grow.
For example, India has begun planning and implementing plans to become a chip manufacturing hub. India has increased its allocation from $10 billion to $15 billion to provide incentives for chip manufacturing. Tata Group in partnership with Taiwanese company to invest Rs. The process of setting up a chip manufacturing plant with an investment of Rs 91,000 crore has started. It makes sense that Indian companies benefit from the US ban on chip exports to China.