Why can't India be a World Class Player in Manufacturing Industry as it is in IT & BPO Sectors?
Answers
Explanation:
India is a developing country and we are in the process of transformation.
To set up a manufacturing industry it takes a lot out from an individual. You need factors of production of land, labour, capital and entrepreneurship. You need raw materials near to your industry, you need a market near to you and moreover, you need government help. But whereas in it and BPO sectors the process is simple and less time taking compared to manufacturing industries.
The main thing is that we are habituated to follow some one's path rather than taking risks and starting something new. But things are changing and we are starting slowly to invest in manufacturing industries as well. We have the largest youth population in the world, with good support and guidance we can achieve everything
Answer:
Here there is less attention given to inventions in manufacturing. A BPO or an IT company merely needs a few computers, few small rooms and huge amount of manpower, not necessarily has to be trained. ... Having poor infrastructure has discouraged foreign manufacturers from investing in India.