Why can't India be a World-Class Player in Manufacturing Industry as it is in IT & BPO Sectors?

Actually the main problem is that in manufacturing industries we need a lot of investment and lot of technology for proper working and to compete with the world player and your government is not so serious in investing money in industries.

Our study is not related with the work. The manufacturing industry is seeking for a intelligent technician to operate the machines of high cost. But the thing is, we are having good cgpa in our studies and not any practical exposure. So there arise a gap between the study and work. If the gaps are fulfilled the manufacturing industry can be flourished in India.

According to me, manufacturing industry is not undergoing progress because, most of the people are willing to be a part of IT sectors. Lack of comfort forces them to move towards IT sectors.

If there will be no workforce in manufacturing industry then how can you expect the growth of manufacturing industries?

Apart from Political will here few things that I want to mention.

Not even 4 % of the population is working IT and Service sector, So it is not the entire India is into IT and Service sector.

Go to rural place, people migrate to work as Day labors in Cities.

People are in fear of starting something new, or introducing new products, or designing new for upcoming working class.

People are always telling their kids (hypnosis) to study well to get good job.

So they think they were born for modern day slavery.

After school and college hardly 2 % study a book or read some important self help article. And those 2 % are those who work in IT or Service sector.

People who want to do something (such as business or inventing) are discouraged by saying you do not have money and so on.

If there is will there will be a way.

People should help other people in rural and smaller cities to start motivating entire India, we will be the youngest Nation (by population) by the year 2060, we can become a wealthier nation and overthrow US economy before 2030.

Hi friends,

I would like to quote here an example of UK based entrepreneur Mr. J. C. Bamford (founder of JCB: one of the world's top earth moving equipment company). He started his work in a small rented garage purchasing second hand welding set costing him 1GBP. He made first farm trailer from worn out war materials and worked with his small team of six people for a long time making those trailers and later bringing in more variety. Today JCB is the biggest player in India in earth moving equipments and third across the globe.

But unfortunately this business has never taken a giant stride in our country that it could have. I don't remember any Indian "standalone" player who has made its presence felt in and around the Asian continent.

Prominent Indian automobile companies like Tata, Mahindra, Ashok Leyland, Eicher etc. Have cutting edge technology in engine designing and fair enough assembly plants. I don't think for such companies to diversify in this segment is hell a big task. The foreign players are now the early birds in meeting India's demand in earth moving equipments. The point is why such companies not become the early adapters and why are they waiting to extend their excellence in such a prospective and lucrative business. The government has always been so reluctant to bring in foreign players in Indian market (a protectionist approach). Despite that we've not been successful enough to grab that early advantaged and probably losing out on huge untapped potential market.

Thanks for listening.

Like many have mentioned India has the talent but not the resources. But a huge part of this talent is taken away by the american companies mostly the it ones. Also the corrupt politics in this country is the major factor affecting our manufacturing industry.

There is an increasing lack of confidence in the foreign as well as local investors because a proposed project takes a lot of time for clearance procedure and many other things which discourages the investors. A recent example of this is the 20 billion steel project is cancelled by lakshmi mittal due to the inordinate delay faced. The government needs to make the business environment favourable for wooing the investors.

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.

India had a lopsided growth compared to other countries. Normally a growth in agriculture is followed by a growth in manufacturing industry which is succeeded by the service industry. But in India we shifted from the agriculture development to the services sector which catapulted our growth to one of the mainstays of the world economy.

Because of the huge growth of services, the manufacturing industry was shadowed and contributes hardly 22pc to the GDP which is decreasing further. India currently spends only 1pc to RnD. Also inspite of having a strong patent system, the govt has not encouraged soft loans for inventors to develop and market their product. Another reason as already stated is the huge flux of engineers moving to the more glamorous I. T. Industry thus leading to a mis allocation of skills and lack of skilled people in the core engineering sectors, which offer lesser pay and where jobs require more effort and energy.

Having poor infrastructure has discouraged foreign manufacturers from investing in India. It has been calculated that we need $1 trillion to completely develop our entire infrastructure. Hence there's a lot of work to be done.

ALso some of the brightest minds from iits and nits prefer the huge pay packages in foreign countries which has affected our r&d sector.

All these factors have prevented India from being a strong player in the manufacturing industry.

Hello friends this is Nisha,

And I think India is the developing country not developed, and our government System is not working in a good way for the manufacturing sector and our education system is also one of the most important reasons behind our manufacturing growth because we have a lot of IT and BPO sectors but all students of IT wanna work with MNC's they not want to start up their own business. We all know that we have skills and we are a hard worker but our country's condition is not suitable for start up a manufacturing business. And someone wants to start up a business he has to bring a advanced technology and a strong economic infrastructure, but in India, it is so difficult to get all things easier. But we are developing and one day we will become a world class player in the manufacturing sector.

Our indians has both man power and mind power but we are using only man power because we are not having required platform to develop our mind power.

India having 30 crors youngsters but US has 31crores 20 lacks people only. There are 28, 43, 391 Indians in US. Why they were moved to there? why couldn't develop a new IT Industry?

In India there is no resources like R&D (Research and development). So our graduates couldn't proved their innovations and develop industry in India.

See, japan is a small country only 127 million people over there but their IT and other industry growth is rapidly increasing because the main reason is they have R&D for every sector.

My perspective is, Comparing with other nation we have more man power and mind power, we can do anything. But some people are not willing to take risk while earning more money by IT but Some people has to take risk and try to be a entrepreneur, they are not having that much of money. So without the cooperation of the government it is not quite possible to start this industry.