The Boston Consulting Group (BCG) has come up with a new study, which says that the world’s leading automotive manufacturers and suppliers have been moving assets, products, and manpower to China as well as India. The move is not just to sell cars but also to set up their R&D facilities and their manufacturing and exporting hubs from these two countries.
As an Indian, I am definitely hoping that these big-wigs, when the time comes, will choose India. A move to India completely will not only increase inflow of money, but also provide millions of jobs that will improve the basic standard of living in society. However, with the Indian government at its height of corruption, there is little hope of us winning this battle. I heard one of my friends say that China is giving massive amounts of land with major facilities to whichever manufacturer wants to set up there. The only advantage we have over China is the mass of skilled working people affluent in English. Once China can bridge this gap, they will have the upper hand.
Article Submitted by EC Pandit
Labels: China, Exporting cars, Study, Submitted Article
3 Comments:
While it is nice to know that car manufacturers moving into India will increase employment, it has been known that foreign companies have shown scant regard to local environment.
They have to be brought in under strict vigil of the state, else can harm the nature ,here, for ever.
This localization would also mean gaining back our brains back in the country. Automotive sector is growing leaps and bounds but not the jobs in India.
The localization game could be new trick to capture more markets, but would definitely widen the prospects of locals in both China and India.
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