Now Reading: Asean firms eye India as alternative to China, US markets
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Asean firms eye India as alternative to China, US markets
At the Indusfood expo in Greater Noida, a Philippine vegetable exporter showcased plant-based products to tap India's vast vegetarian population. Dry Tech Manufacturing, which sells under the Sheentaro brand, exhibited dried moringa,…
At the Indusfood expo in Greater Noida, a Philippine vegetable exporter showcased plant-based products to tap India's vast vegetarian population. Dry Tech Manufacturing, which sells under the Sheentaro brand, exhibited dried moringa, lemongrass and taro leaves, betting on India's hundreds of millions of vegetarians.
Company vice-president Corinne Anne Cordero said India's larger population and higher vegetarian share made it an ideal market. The firm had previously participated in the China-Asean Expo in Nanning with positive results. Cordero said they decided to sign up on short notice for the India event.
Southeast Asian nations are increasingly looking to India as an alternative market, arms supplier and technology partner as competition between China and the United States shapes regional dynamics.
Indian Opinion Analysis
The shift reflects a structural realignment: Asean exporters that once relied on China's market are now diversifying. India's vegetarian majority is a natural fit for plant-based food producers from the Philippines, Indonesia and Thailand. But the opportunity is larger than food. India has been courting Asean for defence deals and digital infrastructure partnerships to counterbalance Chinese influence. The Indusfood expo itself is part of a government push to make India a food-processing hub. Next steps to watch: the India-Asean summit later this year, where trade facilitation and a review of the free-trade agreement are on the agenda.
Watch the India-Asean summit later this year for progress on trade facilitation and FTA review.
Source: scmp.com
This story was synthesised by AI from the source linked above.
