It's annual report season. A short thread on what India Inc has to say on the most anticipated narrative: The fall out of Covid and US-China trade war impacting/benefitting India.

Indo-Count believes customers are de-risking their dependence on single geography which in turn is an opportunity for India.

Indo-Count says India has increased its market share due to the trade war

VIP Industries plans to reduce its purchases from China and increase its production in India & Bangladesh.

Gujarat Pipavav believes cos will be wary of mfg concentration and that environment is conducive for attracting more mfg in India. Within India, it believes Dholera Industrial Region has a head start and ultimately Pipavav the beneficiary with its port just 200 kms away from it.

Essel Propack says supply chains need to be 'reimagined' especially with more uncertainty in China

That’s it for now. Will try and keep adding to this thread.

Astec Life doesnt mince words. Says backward integration program on to dependence on China aiding in margin expansion. And intl companies are considering India as an alternate to China for CMS. (4 images)

Balaji Amines says Indian companies have already increased their share in global chemical maret. Believes global companies are 'eager' to reduce China exposure which will be a silver lining for them. (2 images)

Mid-cap IT Mindtree also believes major economies could reduce dependence on Chinese production.

SKF is bullish on majority of countries looking for alternative manufacturing hubs to diversify their manufacturing and that India can emerge as a preferred destination. Says 1000 cos engaged with Government to revive production plans across various industries.

Tata Chemicals says China's stricture environmental norms present opportunities for India's chemical companies.

Deepak Nitrite believes China is de-emphazising its chemical manufacturing industry. Global suppliers seek to diversify away from China. Also large manufacturers are decisive due to frequent disruptions in China (pollution crackdown, covid) and accelerated pace to diversify.

KEC International says industrial warehousing is expected to mushroom as manufacturing shifts out of China, and India is preparing to take advantage of this boom.

As many companies consider India as their next manufacturing hub over China, the Indian B2B express industry is sitting at the cusp of its next leg of growth as per TCI Express

GRP Ltd - A 80 crore market cap tyre retreading company says it was able to increase market share as global tyre companies substituted Chinese supplies with it

Polyspin Exports says it is expecting more orders for FIBC Bags from new buyers and existing ones

Jewellery behemoth Titan says supply chains will get revamped with 'Make in India' driving Chinese alternate. According to Titan, it's brands are uniquely positioned to gain from this new wave.

Alkem on Make in India

Camlin Fine Science says Indian chemical companies were outperforming global equity market last three years. Believes strategic shift to diversify away from China will enhance growth for Indian chemical industry

Small-cap player Chemcrux is more measured. Says world will continue to buy from China for at least the next few years. China is too important to be side-lined due lack of large capacities elsewhere in the world in the short-term

Sheela Foam believes it can export high quality technical foam from its subsidiary in Spain to US due to trade barriers with China

Granules

Vishnu Chemicals

IG Petro:

Supreme Industries believes their tiny export division will fire as buyers reduce dependence on China.