Aegis DDG
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@Chinese-Dragon Do you agree with the topic's statement?
Since labour costs in India are still very cheap, we can still catch the bus.
Labor cost is just one aspect, we seriously lack in infrastructure to sustain a large scale manufacturing based economy.
I was just hoping for the best. Anyway what all do we need in terms of infrastructure ?
The first thing is, we need 'self sufficient' industrial zones to cut the time required for transportation in between, for example, if we are manufacturing cars, then all the subsystems manufacturing hub has to be located within a very small radius. And those zones has to be near sea ports to be more conducive for exports, if you're eyeing for that.
I'm guessing these manufacturing units will also require very high uninterrupted power supply. That would be another challenge for the government.
As the old saying goes..
China is doing well because of its Govt.
India is does well despite its Govt.
Hopefully things will change soon. Its not going to easy, but its going to be worth it.
China is doing well despite our government. There is sooooo much red tape and regulations and all sorts of government interference hammering the development of China.