AIA Engineering Limited CC-Mar24.pdf · 2024-05-14
My question was more on the macro front. So, we recap, let us say 7 -8 years, we have seen many countries become protectionist and one of the reasons why your competitors have competitors for that matter has been successful in their endeavors, we have taken advantage of this trend, in this slide, do you think your strategy of manufacturing out of India for the reasons that you have stated in the past and in today's call as well , you may be shifting a portion of manufacturing in countries that are more on the exhibiting this protectionism trend to safeguard their volumes because the cost of losing the business, as I understand, is significantly high given that you take three years just to get put into the customers business and then you develop and you slowly build those volumes in these businesses. So, the cost seems to be significantly higher when such actions are taken, either moving a portion of the manufacturing in those coun tries or reorganizing the supply chain. If you discuss this at the board level, if you can share some insights on that would be really helpful?
No, I am not speculating on that. What I am going to say is that have you thought that the portion of manufacturing could be moved there to satisfy these authorities? Is that possible on the cards that is what I am asking?