patentneer
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@Raftaar, Modi's 'make in India' is a hit with 'China' companies!
Unbelievable, but the world's largest stuffed toy manufacturer is a China biz. with its LARGEST works in India' s South. Local market size is the key differentiator for primarily rich and Global Southern Chinese companies to set up shop in India. Cheap labour too, but also how China's main economic driver being Global south China businesses with their seamless HK-Sing.-Taiwan-Malaysia etc. networks and the ease with which they can nimbly set up mass market ops in India thanks to historical and cultural connectivity. Think Tamil !
China has been moving out if mass manufacturing as a stated policy goal. If China is the world's factory, India is likely to become China's factory since mass manufacturing is soon to become unsustainable in China mainly re. coming population crash. Funny, it's actually Chinese mass market consumption that will drive low end China led mass manufacturing in India.
India's booming auto industry has already set the mould and Global manufacturers not only source from India but supply nominal regional markets from India already. Again, the key differentiator is massive local demand. Global auto majors run some of their biggest, most profitable plants and sourcing ops from India. An entire eco-system of lawyers, accountants, export-import, Quality Control, technical types, consultants and marketeers grew up extending from the centuries old textile businesses.
All of the above are flexing, jiving and extending themselves in all directions and will naturally step in with South China types. Exciting times ahead.
Unbelievable, but the world's largest stuffed toy manufacturer is a China biz. with its LARGEST works in India' s South. Local market size is the key differentiator for primarily rich and Global Southern Chinese companies to set up shop in India. Cheap labour too, but also how China's main economic driver being Global south China businesses with their seamless HK-Sing.-Taiwan-Malaysia etc. networks and the ease with which they can nimbly set up mass market ops in India thanks to historical and cultural connectivity. Think Tamil !
China has been moving out if mass manufacturing as a stated policy goal. If China is the world's factory, India is likely to become China's factory since mass manufacturing is soon to become unsustainable in China mainly re. coming population crash. Funny, it's actually Chinese mass market consumption that will drive low end China led mass manufacturing in India.
India's booming auto industry has already set the mould and Global manufacturers not only source from India but supply nominal regional markets from India already. Again, the key differentiator is massive local demand. Global auto majors run some of their biggest, most profitable plants and sourcing ops from India. An entire eco-system of lawyers, accountants, export-import, Quality Control, technical types, consultants and marketeers grew up extending from the centuries old textile businesses.
All of the above are flexing, jiving and extending themselves in all directions and will naturally step in with South China types. Exciting times ahead.