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

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103 comments Page 4 of 11.

Sana said:   1 decade ago
Though Many reasons can be presented for the current scenario like bank rates hike, high duties, poor or no policy reforms etc. , by the industrialists, the main reason why couldn we shine in secondary sector than tertiary, is poor infrastructure, a part of investment. As known by all investment for an IT or BPO company is not so big as for a manufacturing plant. That is why we have seen service takes a huge part in the GDP pie, with good performing financial institutions. The need for the hour is more investment in R&D. Government if couldn't afford to invest more can seek the foriegn aid through FDI. For a country like India where we have the large human resource with enthusiastic youth seeking an arena to learn more, it's no harm to allow FDI to improve infrastructure, just like how China improved it's trade. If there are more jobs in Industrial sector with an ambience to learn and increase the competency level of the employees, no Indian will prefer the BPO's that provide no option to excel.
(13)

Abhishek said:   1 decade ago
The IT and BPO sector, mostly belongs to private sectors and has their own equipments in India whereas other manufacturing company solely depends on government for thier infrastructure. Other reason is the quality of product produced. In India they focus more in business than in quality so their growth is not enough to compete the world market.
(9)

Bhaskar said:   1 decade ago
In india technoligies are not updated fastly compare to other nations.In manufacturing sector the more important is adapt to the new technologies for the quality and time management.
(3)

Ritesh yadav said:   1 decade ago
Hello friends, all your views are really what I want to convey as well.

It and bpo sectors are solely dependent on work exchange rather than producing or manufacturing something. Manufacturing has higher standards and sops than compared to bpo or IT job. Additionaly, in manufacturing sector there are strict norms and availability of resources, infrastructure, skilled manpower and efficient workers are hard to manage whereas in bpo sector and IT field resources are just a room and few computer systems and therotical knowledge is same as the practical knowledge so their skills are not of much importance, whereas in manufacturing sector you needs several requirements and also quality is an important criteion that has to be watched for. That is why manufacturing sector in India is not s good as the bpo sector. Thank you.
(4)

Harish said:   1 decade ago
The problem is placing a company in a known location is not easy, Because of the Government employees's mind to get some amount to do their alloted work. If the company get started also there is a probability of closing the company is very high. We cannot predict what will happen. However no one is interested in taking risk in this. Thus it can be happen only if the government take the necessary steps to the cover the Industrialist and make interest to the students that there will be a good future in INDIA itself. Our Indian Students are not much more interest in making money only in upgrading their skills in a correct place.
(5)

Akashhp said:   1 decade ago
India have a service economy. People believe in having a good job and finally live a satisfied life and die. But they are not ready to accept the challenges and look into manufacturing arena. We really lack people having the entrepreneurial qualities and those who have it rarely make a good use of it. To become a global manufacturer people should dare to take calculated risks and should set up a business ventures rather than looking for a job. We should believe in Inventing a job rather than discovering any. Extensive research and making good use of the man-power can give us a very good result. We should sharpen the skills of the students in the professional courses and should have a practical approach and give up conventional method of working.
(38)

Akshay said:   1 decade ago
Civil engineers, Electronics engineers, Mechanical engineers, Telecomm engineers, and all other kinds of 'engineers' are turning towards IT to make the easy, quick buck. Why cant we stick to our own specializations, our vocations, our fortés and build our careers and this country? Sure, IT job offers come in great numbers, but it is YOU who choose to take them because "its the 'easy' way out"! I work in an IT company and as true as it may be, that infrastructure and basic setup require comparatively less amount of money, its utter rubbish that talent or skill is not a requirement! There's something called people skill that is required in addition to the technical know-how of one's job profile! Let's not deviate from the topic and condemn IT/BPO, instead of discussing how we may better the current scenario. We needn't forget how IT/BPO has blessed this country's huge unemployed populace with power to sustain their families, but all the same, we do need to work towards entrepreneur-friendly policies, less bureaucratic involvement in the setup process of manufacturing units, easier capital availability, etc.
(4)

Dennis said:   1 decade ago
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.
(4)

Dennis said:   1 decade ago
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.
(24)

Vivek said:   1 decade ago
India can be the world class player in manufacturing industry but since it's a developing country where new technology, world class creativity and educated and well established people required which India is lacking, and to collect these things India is inviting foreign countries who are coming with their inferior works like BPO s and all, or India is investing in less risky business that is BPO, IT etc.

So India is in top in BPO or IT s because it has a developing economy, and I am sure having getting established and proper awareness India will become world-class player in manufacturing industry also.
(2)


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