I recently read a news item concerning the Australian automotive industry but what caught my attention was the Australian Manufacturing Workers Union federal secretary saying that countries like China and India have proactive policies to lure investments that encourage car manufacturers to invest in R&D, coz they know what will be the preferences of cars 10 years later in the future.
I am just as glad as an Indian that foreign countries are taking note of India as a growing economic power! Remember the time of economic recession in India? Who had thought of India becoming not just a potential car market but also a car production and export hub! India tops in every car company’s global strategic plans. The leap in the economy only spells of the good times ahead.
Article Submitted by Indian Nobody
I am just as glad as an Indian that foreign countries are taking note of India as a growing economic power! Remember the time of economic recession in India? Who had thought of India becoming not just a potential car market but also a car production and export hub! India tops in every car company’s global strategic plans. The leap in the economy only spells of the good times ahead.
Article Submitted by Indian Nobody
Labels: car export, Car manufacturing
3 Comments:
The economy is flying high and that companies are coming to India is a good news. But just how long will they stay in India?. Will they comply with Indian labour laws or demand special concession for themselves?. These questions are vital before any space is given to them. India should not become a junk yard of the west.
It is certainly good that India and China are becoming more attractive for investors. A long time ago, these countries were colonies of Western countries, but now they have become stronger economies and will now decide the fate of their companies.
It seems that the wheel of time has turned a full circle.
it is really nice to know that foreign car makers are realizing the Indian growth and and behaving accordingly.
Now we have various foreign auto giants coming to India and exploring the Indian car market.
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