rushing to the overseas market, Chinese companies are investing heavily in India

rushing to the overseas market, Chinese companies are investing heavily in India

Thanks to cheap labor and huge market potential, India is becoming the preferred location for global manufacturing. More and more Chinese companies have entered this emerging market and are staking.

According to public data, the Indian home appliance market is one of the fastest growing markets for home appliances in addition to China. Currently, the popularity of home appliances in the Indian market is low, with only 29% of households owning refrigerators and 11% of households owning washing machines. Compared with India's 1.36 billion people, this popularity has made global home appliance companies see huge market demand