www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

India wants to bring businesses back from China

Updated: 2015-02-26 10:21

By Agencis (Agencies)

Comments Print Mail Large Medium Small

India wants to bring businesses back from China

A warehouse of a logistics company in Huaibei, Anhui province. Although the country's labor costs are rising, many Indian businesspeople still regard China as an easy place to operate. [Photo/China Daily]

Indian Prime Minister Narendra Modi wants the country's companies to embrace their homeland as a manufacturing base. It's a hard sell for businesspeople like Himanshu Baid.

Baid can still make more money in China even though he pays his workers three times more than at his two factories in India, which supply the domestic market. Congestion at ports, a lack of skilled workers and a shortage of raw materials offset any advantage India has with cheaper labor costs, he said.

"It was a risk for a small company like ours, but it worked as China is an easy place for business," said Baid, head of Poly Medicure Ltd, a New Delhi-based company with an annual sales of $53 million. "It's a struggle in India."

Modi has sought to reverse those perceptions since taking office last May with a policy initiative to entice companies called "Make in India". Industry groups are now looking for him to fill in the details when his government presents its budget on Saturday.

"What India must demonstrate is a convincing vision and the means to implement it," said Jean-Pierre Lehmann, a professor of international political economy at the IMD, a business school in Lausanne, Switzerland.

"There is a lot to be done that will require profound transformation in policies, structures and attitudes."

As part of "Make in India", Modi plans to raise the share of manufacturing in the economy to 25 percent by 2022 from the current 18 percent. Doing so will create 100 million jobs, the government estimates, enough to absorb the world's largest working-age population.

In the seven decades since India achieved independence from the British in 1947, the share of industry in the economy has remained largely unchanged. Services have replaced farming as the dominant growth driver, and now account for 65 percent of the economy, according to the Finance Ministry.

While China emerged as the world's factory with manufacturing accounting for about one-third of its economy, India suffered from stifling bureaucracy that required permits to produce goods until 1991. English-language skills and an edge in information technology have allowed India to win back office business from a range of multinationals since then.

"The goal should be to strengthen Indian manufacturing so it can stand on its own and compete effectively in domestic and world markets," said Eswar Prasad, a former chief of the International Monetary Fund's China division and now an economics professor at Cornell University.

"Compared with China, India has a cheaper and younger workforce that could boost the country's attractiveness to foreign investors."

Previous Page 1 2 Next Page

8.03K
...
主站蜘蛛池模板: 全部在线播放免费毛片 | 国产香港特级一级毛片 | www黄网| 成人免费xxx色视频 成人免费大片a毛片 | www.久草.com| 成人a视频在线观看 | 国产高清在线观看视频手机版 | 日本午色www高清视频 | 杨幂精品国产专区91在线 | 久久精品午夜视频 | 九九免费在线视频 | 久久精品国产免费观看99 | 波多野结衣中文在线 | 欧美一级网址 | 亚洲日本高清 | 最新国产美女肝交视频播放 | 午夜久久网| 亚洲偷偷| 色毛片 | 欧美日韩在线播放一区二区三区 | 国产精品露脸脏话对白 | 亚洲精品资源网在线观看 | 亚洲国产成人精品区 | 国产亚洲精品久久 | 久久精品视频7 | 久久久综合视频 | 亚洲国产精品成人久久 | 国产成人在线视频免费观看 | 手机看片高清国产日韩片 | 成人中文字幕在线高清 | 亚洲综合日韩欧美一区二区三 | 国产高清一国产免费软件 | 欧美极品在线视频 | 手机看a | 色视频一区二区三区 | 欧美成人免费高清二区三区 | 日韩一级欧美一级毛片在 | 欧美一级片观看 | 日本一区二区高清不卡 | 亚洲一区二区三区视频 | 国产精品久久久久无码av |