Indian Prime Minister Narendra Modi is expected to bang the drum for his "Make in India" campaign during his maiden visit to China this week, but will companies from the "world's factory floor" bite?
Modi will begin his three-day visit to China on Thursday, where he will meet top government officials and corporate leaders in Xi'an, Beijing and Shanghai to discuss greater economic cooperation between the two Asian giants.
"I'm 100 percent certain that selling his 'Make in India' mantra will be Modi's number one push in China," Anil Gupta, Michael Dingman Chair in Strategy, Globalization & Entrepreneurship at the University of Maryland told CNBC.
Introduced in September 2014, "Make in India" is Modi's ambitious initiative to transform India into a global manufacturing powerhouse – a role assumed by China over the past three decades.
Since its launch, Modi has pulled out all the stops to court business leaders, most recently traveling to France, Germany, and Canada to personally pitch the campaign.
Gupta says he's "a 100 percent certain that Chinese companies will respond positively."
"As they look to go global, India is widely seen as the largest and fastest growing opportunity," he said.
Xiaomi is an example of a mainland company that has already jumped on the bandwagon.
The low-cost smartphone recently revealed that it was evaluating locations in India to set up a manufacturing unit in order to better serve the domestic market, according to a Reuters report. Xiaomi counts India as its second largest market globally outside of China.
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Other Chinese tech firms such as Lenovo and Huawei are likely to follow suit, says Gupta.
Rajiv Biswas, chief economist covering Asia-Pacific at IHS shared a similar view, adding that Chinese infrastructure equipment firms will also be keen on establishing a manufacturing base in India.
"India is likely to become an increasingly attractive location… for Chinese firms to tap the fast-growing domestic Indian market and opportunities in the Indian infrastructure sector," Biswas said.
"Chinese infrastructure equipment manufacturers are expected to make significant investments into India over the next five years in order to compete in fast-growing market segments such as power infrastructure, communications equipment and railway equipment," he added.
China's Tebean Electric Apparatus Stock Co, which has been supplying power equipment to the Indian electricity industry, recently decided to produce power equipment in India.
Baoding Tianwei Group, which manufactures power transmission equipment, and Trina Solar, a leading global manufacturer of solar equipment, are also planning to establish manufacturing operations in India.