India is becoming a sinking ground for global car manufacturing hub.
By Mirinal Chaman
(Editor DERIK TIMES)
India’s dream of becoming a global car manufacturing hub, could be kept aside locked in a locker for the time and would just be a dream as the for deign car manufacturing giants are clearly uninterested and skeptic about the condition of India. This is basically happening because of several listed reasons that need to be totally eliminated from this country like Bitter business climate, Stringent taxation policies varying from state-to-state Creaking rail, port, road and other infrastructure. There is an Urgent need to improve the general infrastructure -- spanning from roads, harbors, railways to electric power and water supply. India has an opportunity to build a globally competitive (automotive) industry but to realize its full potential; the sector needs "a clear roadmap." Only 17 out of 1000 in India own a car compared to 800 out of 1000 in United States. So companies are having a clear cut advantage of manufacturing here due to its cheap labor costs and other factors but red tapism and pendulum infrastructures are the major hindrances. India can also be seen as potentially untapped market for selling automobiles.
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