Side Effects Of Corona Virus --- Part 2

Covid 19 has developed into a war- like situation in socio-economic  front not only in India but across the globe.It seems that no remedy still on date has been officialy invented to fight corona virus.Therefore, the other side of the tunnel is still enveloped  in utter darkness and there is still no light in the offing.But a news item has lit a ray of hope stating that Indian economy will see a revival with the participation of  foreign companies .

Every one knows that every coin has two sides .Scientists are leaving no stone unturned to find vaccine and drugs to combat the spectre of Corona virus . It has come to light that nearly thousand alien companies are thinking of opening business ties in India . Most of them are planning to leave China and start business in Asian countries like Vietnam ,Indonesia, Phillipines  and India. India has to take up with competitive  spirit to bag business offers .Korean companies  have  already expressed intention to set up Iron and Steel industry as well  as in the Hospitality sector . 300 companies  dealing ih mobile, medical devices, electronics, synthetic and textile fabrics have opined to open up new business ties .

The renowned companies  Apple and Hyundai steel, to name a few are interested to leave China and start up business enterprise in India. Time has come for Indian government to get rid of red tapism and woo them.   The cut in 25 percent in Corporate tax in the  budget and other  economic benefits have brought fillip for setting up industries in India by foreign companies.  .Can India grab the golden opportunity ?