The Long & Short

October 18, 2004 00:00 IST The Long & Short -0001-11-30T00:00:00+05:53

Indian Firms have realised that it may be a cheaper option to set up production bases in nations with which India has signed ftas; those bases can also act as global hubs

Foreign MNCs too have decided to either curtail their production in Indian units and hike output in fta nations or shift investments meant for India to those countries

Indian traders feel they can misuse the ftas to import goods from third countries and take advantage of minimal duties with fta nations