Will India be the next China for manufacturing?

I keep hearing lots about things taking off in India. I have not heard of anyone manufacturing there. Has anyone investigated this? Any good supplier there? Are they cheaper than in China?

 

India and China are both part of the BRIC nations and soon they will be the only countries with a non devalued money supply. Expect prices to go up in both nations as the US dollar gets closer to it's inevitable collapse. China will soon be having a hard time just keeping up with producing goods for its own population so India should be a good place to seek contacts now.
I would prefer to see American companies develop a network of small scale manufacturers in the US so goods could be made here and our trade defecit reduced.

 

Rollin,

Nice post...I agree with you 100% . I just wish we can all work together to keep our money in the states, but with the times the way they are, and people having less money to use for manufacturing.

 

I live in India and work with consumer and enterprise brands worldwide. Very often we go to China and Taiwan to get products manufactured. The ecosystem for manufacturing in India is not even close to what it is in China today, and further still from the new developments we see originating in the West. Usually high capital cost intensive businesses tend to grow because of both local demand and govt help by way of time-limited subsidies. The Govt in India has no idea of supporting or of how to support the manufacturing industry though at one point in time, they were the biggest employers after agriculture.

There are some indigenous technologies that have sprung up which require local production, but those are not in any mass scale yet.

However India is a preferred destination for getting parts/ components manufactured in the Pharmaceuticals, Automotive and Medical Devices industry. But then again, I dont think volumes are at Western or Chinese levels, even though local demand for these products is relatively high.

 

I believe that INDIA can never be the next CHINA for manufacturing as INDIANS are quite quality thinkers.
Probably as the Government is not that helpful and hence the private companies try to maintain their goodwil and hence in turn become responsible as far as the quality of the product is concerned.
Secondly, as the small scale industries have lower heirarchy so everyone is ready to innovate and give a solution for better quality.
Also as the labour laws are too stringent so the cost of production can never be too low as in CHINA.
CHINA'S USP MASS PRODUCTION
INDIA'S USP QUALITY PRODUCT

 

That would be good for them but at the same time bad for them. It would create much needed jobs that is for sure. How much they would be abused is another matter. I also wonder if they have the education resources to supply the engineering backdrop for such a large undertaking? I have mixed feelings about this one.

Source

 

India will put more emphasis on technology and quality.
Please take note that Good things are not Cheap and Cheap things are not Good.
Silicon news,80% of goods imported into the US are fake.Why we fall for CHEAP Products

Source

 

But I think it is very difficult for the transportation of goods, so it is more proper to develop the IT industry

Source

 

Definitely. India has the potential to be next manufacturing hub. Major advantages are

1.Talent: The Indian talent pool is very large, from technicians to high profile engineering phd scholars. Technologists has their on Ideas and want to be unique. Not like Just copying the European and USA design and modifying the outlook.
2.Language: People can understand simple English, a very big advantage over other countries
3.Attitude towards work: very positive.

yes, buy numerous disadvantages are also there like, politics, basic infrastructure, red tapism...etc etc..

Toyota's first overseas research center will be India..all big auto, machine, pharma giants has plants and R&D centres and plants in India....

India's own brands such as Mahindra, TATA..having their own research centers and plants...

which means India can be next "QUALITY" manufacturing paradise...

Source