New Delhi, April 10 -- Investment in South Asia, particularly in India, "remains strong" as multinationals recognize it as an alternative manufacturing base to China as developed countries seek diversification of traditional supply chains.

"India is benefiting from growing interest from multinationals, which see the country as an alternative manufacturing base in the context of developed economies' supply chain diversification strategies", according to the Financing for Sustainable Development 2024 Report.

The report released on Tuesday said that in contrast to large swathes of the developing countries, "investment in South Asia, particularly in India, remains strong".

While discussing India's role for multinationals as an "alternative...