Shanghai is awesome. For Mumbai to aspire to be like Shanghai is a complement to Shanghai. Mumbai, in plain truth, is more comparable to Karachi, or in recent times, Dubai.
Personally speaking Shanghai will always remain some yrs. ahead of Mumbai specially re: China's 100 Million Shanghai based cluster. Also, Mumbai is not a river Delta city like Shanghai, Calcutta is. Like the Pearl river bringing all it's riches to Shanghai, the Indus delivers it's riches to Karachi and Ganges delivers it's riches to Calcutta.
The Mumbai-Delhi industrial corridor will do the job in the 21'st century. Indians should actively plan for 100 Million agglomerations around their main cities, or maybe Shanghai set the example. The Tokyo-Osaka, NY-New Jersey-Baltimore, Rio-Sao-Paolo, London-?, Montreal-Toronto-Windsor, Shanghai-Beijing corridors are organic examples. Karachi-Lahore could be one in the future too.
Meanwhile, however:
- India's 1 single Co. TCS's market cap of approx. $ 75 Billion crossed the entire Karachi Stock Exchange's 652 listings combined market cap of $ 53.3 Billion, with plenty to spare.
"Tata Consultancy Services (
TCS) leads the club with a market cap of over Rs 4.56 lakh Cr.'s." (about $ 75 Billion). -
HCL Technologies joins Rs 1 trillion market capitalization club | Business Standard
Turns out the top 5 Indian pvt. sector Co.'s or top 5 public sector Co.'s can outright buy out all of Karachi's listed Co.'s, give or take. Indian Co.'s have done large Global takeovers and the favorite method is not outright purchase but a leveraged, often highly leveraged takeover. Indian Co.'s home assets are hugely under-valued. I'm thinking this hidden value, often real-estate, is also factored in re: above highly leveraged take-overs. In a free world, Indian Co.'s would eat Pakistani Co.'s for lunch.
Group Co. Tata Motors New Tata Vista VX Tech is here @ Rs 5.99 lakh - Last updated on: January 21, 2014
I also dreamed up that diesel-electric would be the transition transport tech for India re:
- Tech. trickle down from Indian Railways and Shipping who have long experience in it
- Warm, diesel friendly climate and plenty of crude-to-diesel conversion tech. availability locally, plus crude oil in the 'hood (read the Gulf).
- Sluggish, slow infra.
Not!