GD
General Dynamics Corp.
stock NYSE

>No, this will not happen. Probably not after third PLI. Vietnam is not a big economy. There market has saturation point. Either they don't have big labour force or market. In short run they might get some benefits but soon honeymoon period will end. 
I said ASEAN, not just Vietnam. Labor isn't much of a constraint.
As I said before, factories in India will be set up to serve the Indian market while ASEAN will serve the rest of the world. This doesn't conflict with my statement.
>There is also problem with any ASEAN countries they are totally depends on foreign investment. None of them has major home grown industries. So, when something bad happened all companies will migrate. They are just booming with foreign investment.
Feature not bug. That is quite literally how home grown industries develop.
ASEAN's much larger FDI indicates that manufacturing would rather move there than India.
Besides, this is objectively false. FDI rarely makes up a significant portion of a country's investment.

ASEAN GFCF(2023) excluding Singapore is 900 billion.
If we exclude FDI it is still 822 billion.
[https://data.worldbank.org/indicator/NE.GDI.TOTL.ZS](https://data.worldbank.org/indicator/NE.GDI.TOTL.ZS)
[https://data.worldbank.org/indicator/BX.KLT.DINV.WD.GD.ZS](https://data.worldbank.org/indicator/BX.KLT.DINV.WD.GD.ZS)

And the current manufacturing power's(China) investment is needed for tech transfers. India already pales in comparison to a much smaller countries like Vietnam when it comes to electronics exports(140bn vs 32bn) despite having more investment(not necessarily manufacturing).
>And seeing current scenario of low FDI govt will definitely relax chinese investment And there is also one thing if u notice about indian market all big companies are coming in india in joint venture with a local company with half half partnership. If they leave india in future then india have there local substitute but this is not happening anywhere. This will also happen with chinese companies also
This very post is an indication that China isn't very much interested in investing in India. They would rather invest in ASEAN than India. Its a bilateral agreement, not something only in India's hands.

What a GD waste of time and resources.