With few exceptions, the world-class manufacturing facilities for which China is famous are products of FDI, not of indigenous Chinese companies. Yes, “Made in China” labels are still more ubiquitous than “Made in India” ones; but what is made in China is not necessarily made by China. Soon, “Made in India” will be synonymous with “Made by India” and Indians will not just get the wage benefits of globalisation but will also keep the profits - unlike so many cases in China.
Wednesday, February 01, 2006
India teaching China ?
Apparently India can teach China lessons in manufacturing ! Here is an interesting snippet from the article...