Made In India Dare To Challenge "Made In China"

Here world Clothing and shoes The Xiaobian of the network tells us whether "made in India" can be called "made in China".

Printing media said that the market of India's towns was full of Chinese products, which mercilessly reminded people that China made the leading role in offices and homes in India.

According to the website reported on October 26th, on the 21 th, the Jaguar Land Rover company of Tata motor company opened a factory in Changshu, China. More than a month ago, when the luxury car manufacturer went to "made in China" for 1 billion 780 million US dollars, Cyrus Mistry, chairman of Tata Group, admitted that he was encouraged by Prime Minister Modi's leadership and ready to join the "India made" plan.

This scene took place at the launching ceremony of "India made" in New Delhi. This high-profile position stems from the prime minister's speech on independence day. In his speech, he invited global companies to choose India as their factory destination and promised to replace red tape with the red carpet welcome ceremony.

The goal set by the Modi administration is to break India's top 134th list of the "business easy" index released by the world bank.

Tata Motors and other companies will take a number of factors into consideration when choosing a factory, but India is not doing well in most factors. For example, it takes 1420 days to fulfill the contract, and the 12 formalities to start a business usually take 27 days.

India's long-term lack of infrastructure and logistical support and inefficient transportation network make it difficult for manufacturing companies to make timely production.

The construction of Jaguar Land Rover in China has sounded the alarm for the Modi administration: "made in India" must be transformed rapidly from the declaration of intent to the actual action. From furniture to industrial equipment, India imports almost everything from China, even spinning. weave Sally's yarn is no exception. It is estimated that more than 99% of Bangalore's Silk Sari is made of Chinese silk.

The Chinese government's support for the manufacturing industry is embodied in the form of affordable capital costs, low investment and world-class infrastructure, which makes it occupy the advantage of India manufacturers.

With the surge in imports from Chinese factories, the manufacturing sector of India declined sharply: the output value of India plants decreased by 0.7% from 2013 to 2014.

But hope still exists. After the evaluation of the 25 major exporting countries and regions in the world, the Boston consulting firm compiled the "production cost competitiveness index", which shows that China's traditional cost advantages are under pressure. Under the pressure of the United States, China has to make its currency appreciate by 30% since 2006, thus weakening the cost competitiveness of its exports.

In this respect Opportunity The "made in India" must be utilized. India is one of the lowest countries and regions in terms of labor cost. As Chinese factories climb to the position of high-tech manufacturing in the value chain, opportunities will open for India enterprises, but they will face fierce competition. So far, several countries, including the US and Mexico, have been more prepared and ranked higher than India in the Boston consulting firm's list. They are prepared to benefit from the decline in China's competitiveness.