Can India become the next Manufacturing Hub of the world?
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VEDANT POTDAR
2 years ago
A giant company wants to have their manufacturing plant located in the developing nations coz expenses in those country are minimum than the developed nations. Thus China was a great destination for a manufacturing hub. But now things are changed, China is dealing with their own problems inside their country. Now the best alternative for setting up a manufacturing plant is INDIA. So that’s why I think INDIA will become a next manufacturing hub for the world.
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Pratiksha maheshwari
1 year ago
As in my opinion yes, with in few year India will become the manufacture hub. As per the recent news Tata start / or work on the new project.They Plan to manufacture the Battery , Ev, and chips. We know China is one of the largest manufacture of these battery, making chip and Ev But now Tata wants leader of this as well .And there are many others prjects also where India initiate on that and in future we all Indians Use MAKE IN INDIA products .
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Jitesh Patidar
1 year ago
India has the potential to be next the manufacturing hub in the world. Here let’s see what are the important steps India can take to achieve this feat. [1] Bilateral trade deals Greater focus on bilateral trade deals would bring increased activities with the rest of the world. India’s private sector is strong enough to cater to global demand and compete with global MNCs. [2] Adequate Ports and Shipping Infrastructure Currently, it takes more than 20 days to ship goods produced in a factory in Rajasthan through the port of Mundra (as opposed to 5 days in China). The development… Read more »
A giant company wants to have their manufacturing plant located in the developing nations coz expenses in those country are minimum than the developed nations. Thus China was a great destination for a manufacturing hub. But now things are changed, China is dealing with their own problems inside their country. Now the best alternative for setting up a manufacturing plant is INDIA. So that’s why I think INDIA will become a next manufacturing hub for the world.
As in my opinion yes, with in few year India will become the manufacture hub. As per the recent news Tata start / or work on the new project.They Plan to manufacture the Battery , Ev, and chips. We know China is one of the largest manufacture of these battery, making chip and Ev But now Tata wants leader of this as well .And there are many others prjects also where India initiate on that and in future we all Indians Use MAKE IN INDIA products .
India has the potential to be next the manufacturing hub in the world. Here let’s see what are the important steps India can take to achieve this feat. [1] Bilateral trade deals Greater focus on bilateral trade deals would bring increased activities with the rest of the world. India’s private sector is strong enough to cater to global demand and compete with global MNCs. [2] Adequate Ports and Shipping Infrastructure Currently, it takes more than 20 days to ship goods produced in a factory in Rajasthan through the port of Mundra (as opposed to 5 days in China). The development… Read more »