It makes a difference though. The Indian factories hire all Indian staff and this makes it resilient to any trade war issues that may arise between China and the U.S.
Secondary sanctions may hit the Chinese-owned Indian companies, which could make them no more resilient at all. No? It seems like doesn't matter so much who is employed there as much as who owns them.
I realize the US-India tech relationship is very resilient, but don’t Indian companies run the same risk in principle by staffing the contract shops in Country X with Indians?