It won’t work. If the country was a good place to manufacture, it would already be happening. Same way, if US was a good labor market, then labor would be forming here. Artificially forcing the issue by mandates is just going to be disaster.
China had similar kind of policies for years. China has enormous economic leverage to set terms in their favor and US companies would generally agree to those terms to gain access to the world largest market. If China wanted to apply restrictions on the internet Google and Microsoft would bend over backwards to comply. Question is does India have that kind of leverage just yet.