Posted on 05/05/2019 10:20:49 AM PDT by libh8er
US-based networking company Netgear is exploring manufacturing opportunities in India and will start manufacturing its products by 2020, said its CEO Patrick Lo.
The decision to shift its manufacturing hub from China is in the light of on-going US-China trade war.
Netgear manufactures networking hardware such as routers for business enterprises and high-end consumers segment. For the $1.1 billion company, B2B businesses account for about $300 million and the rest comes from consumer business.
"We are looking at opportunities to see whether we would be able to harness some of the manufacturing sites in India to shift our manufacturing capacities from China," Lo, who was in India for the launch of new products, told Moneycontrol.
The company has multiple manufacturing locations in China, Vietnam, Indonesia and Thailand and all of them third party manufacturers.
“We are looking at whether we could made India the fifth location and gradually use India to replace China entirely," Lo added.
For manufacturing, the company is looking at third party providers such as Foxconn in Chennai and in multiple locations in the country. "It is new for us. But if everything goes well we should start manufacturing within a year," he added.
Explaining the company's decision to shift manufacturing base, Lo reasoned that with Trump administration levying 25 percent tax on products manufactured in China, the company wanted to shift its manufacturing base to India.
(Excerpt) Read more at moneycontrol.com ...
President Trump: please apply levies to any American manufacturer outside of the USofA, no matter where they relocate.
I find myself reflecting on a recent purchase.
They’ll never manufacture here. They have 25 offices around the world with their base in Ca.
Levy the living #*@& crap out of them.
Corporate whack-a-mole.
Tariff is your friend.
Ive never used NetGear in any company I’ve been at in the past decade...just crappy stuff.
Make it HERE! We need a tariff. The globalists aren’t learning.
Magic wand = import tariff.
“Hello, this is Hadjeth from Net Gear. We are receiving messages that your router has been infected with a virus. Please download Remote Access so we can fix the problem...”
I had a Netgear router which was highly recommended before I bought it. Well, it turned out to be the only router I had a problem with. So I contacted the company about it, as it was under warranty. Then the big problems started Seemed to me that they didn’t want to honor the warranty as they expected me to run many checks & tests on the router; some of which I did not understand & had insufficient knowledge to perform. I thought it would be a matter of sending it for repair or replacement...WRONG. One other company I had a similar problem with was Tom Tom;on a GPS. Never plan to do any business with either of those.
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