India can beat China in low-cost manufacturing if industry, go nment work together: MSI chairman
NEW DELHI: India has the potential to surpass even China in low-cost manufacturing if the go nment and industry work in a cohesive manner, Maruti Suzuki India (MSI) chairman RC Bhargava said on Thursday.
Bhargava also said the go nment should focus on increasing the competitiveness of the Indian industry.
"India has the capability to become a lower cost country than China if the industry and the go nment work together," Bhargava said.
He was sharing his views on making Indian manufacturing globally competitive at an online event organised by the All India Management Association (AIMA).
Bhargava said the only objective of go nment policies should be to increase the competitiveness of Indian industry so that it can make things at the lowest cost along with the best quality in the world.
"The more the industry can sell, the more jobs will be created in the economy," he noted.
Bhargava pointed out that creating jobs across sectors was important for the overall growth of the economy.
That's Possible only if Corruption is rooted out, Fast track Process, Clearances & Quality Checks are done, Political influence/Nexus is Curbed, Loopholes are plugged.
Vishnu Narayanan Nampoothiri
It's two different systems of go nment.
On the contrary, India is still struggling with a lot of cultural baggages which restricts a geometric progress like China. India could never be like a Chinese economy.
No Government in the World can succeed without taking the private players in builting the nation. It is because of our corrupt politicians and our lethargic system, every where hurdles for business people. Also our business people wants to cheat the Government in not paying the correct taxes, by showing wrong accounts. So Governments tax collections are less, moreover politicians and businessmen loot the public funds.
political system is crucial. Deng Xiaoping could reform China if he thought is necessary, but India politicians would always worry about votes before apply any change.
may be true but no country can beat India on rigid tax reporting system, bureaucracy, and complicated filing of returns.
India is a capitalist country and all its businesmen need high profit margins only, unlike China which wants decent margins providing jobs to as many people as possible. India this can never beat China.
Bhargava don't seem to understand that Modi is neither interested to make Indian industry competitive and beat China in low cost manufacturing, nor create more jobs, nor make businesmen consider workers as parters. All these are against his views. Modiji wants high profit margins with low investment and that too FDI with foreigners to take risk and that's all, typically Gujarati mindset.
great thought sir. it is possible. if we think
It can be possible, but need lots of dedications and sincerity with all people who are involved. Also need lots of trust in Government and the same sincerity in whatever they do.
You are right, this is only possible if Govt is not money minded, Infrastructure should be developed to augment it, Corruption should be close to zero and absolute sincerity by Politicians. These things are dream in our country.
A most pertinent point scored by RC Bhargava! Hope his vision spells the future of manufacturing in India.
this vision can never come true as long as THE GREED FOR TAXES in the govt exist.
Madan Mohan Siddhanthi
First total change in work attitude , Unions abolishing and ensuring employees are not exploited
VTN VTN VTN VTN VTN