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Many Companies Shifting Their Units From China
By: Tupaki Desk | 20 May 2020 12:20 PM GMT
Since the deadly outbreak of the fatal disease started most of the economical activities and businesses in many nations were halted as a result of this. The world is slowly trying to get out of this.
This forced many companies and industries in the Dragon Country China to look for other nations where they can run their business without any issues and problems, unlike China.
The prevailing conditions inculcated a thought of fear for many companies based out of China that a similar kind of situation might repeat in China again and no one can assure that it will not repeat again including the china itself.
In the wake of this tense situation, a famous shoe manufacturing company Von Wellx decided to shift its production unit to India and the plant will be established at Uttar Pradesh.
The company will initially invest Rs 110 crores reportedly and the amount will increase gradually based on the circumstances and the profits the company manages to make.
This forced many companies and industries in the Dragon Country China to look for other nations where they can run their business without any issues and problems, unlike China.
The prevailing conditions inculcated a thought of fear for many companies based out of China that a similar kind of situation might repeat in China again and no one can assure that it will not repeat again including the china itself.
In the wake of this tense situation, a famous shoe manufacturing company Von Wellx decided to shift its production unit to India and the plant will be established at Uttar Pradesh.
The company will initially invest Rs 110 crores reportedly and the amount will increase gradually based on the circumstances and the profits the company manages to make.
