India to become a talent hub, China will have to ‘watch out’: Union Minister

New Delhi: Rajeev Chandrasekhar, the Union Minister of State for Electronics and Technology, said that India is in the process of becoming a talent hub for the world.

Two days after Apple CEO Tim Cook personally opened two stores in India, the minister quoted Cook as admitting to have been impressed by India’s growth in electronic manufacturing in the last few years, NDTV reported.

The minister also added Cook as promising that Apple wants to continue to grow in India, signaling at more involvement in manufacturing its products in the country.

China will have to ‘watch out’ even as India is becoming a manufacturing giant, the minister told news outlet in the interview.

Exuding confidence in India's growth trajectory, the minister said India will take away a major chunk of manufacturing away from China, thus galloping in in electronics production.

Chandrasekhar said he enjoys being the minister having feedback about India’s performance from big industry leaders including Tim Cook and Pat Gelsinger (Intel CEO).

The minister expressed optimism in Apple-India partnership going triple and quadruple in the coming years in investments, jobs, opportunities and exports as well, creating a is a "win-win" deal.

Meanwhile, Apple is expanding its manufacturing in India apparently as part of diversifying its supply chain away from a neighbouring China.

Unlike in the past where all manufacturing was happening in China, the minister said, in future it will not be a binary situation of China or India but Vietnam will also be part of more diversified global value chains, NDTV reported.

‘The world post-Covid wants a much more trusted, diversified, resilient and India certainly is poised to participate in re-growing of the supply chain’ the Union Minister told NDTV.

While saying India is poised to join in re-growing supply chain post covid, Chandrasekhar said the world is at a historical moment where it can be a talent hub.