A Quote by Baba Kalyani

India is still considered a preferred destination for many multinationals to manufacture cost-competitive high-technology products for domestic consumption as well as for global demand.
I think the rise of China is inevitable, because China has moved from a low-cost producer, at low levels of technology, to higher levels of technology, and because it's very competitive, even in some high-tech products they offer at very competitive rates - much lower than their competitors.
India is the most competitive manufacturing destination on this planet. If we are able to take advantage of that competitiveness for our domestic markets, this country would be humming with activity; industrial production will grow at 10-11% per year.
We are committed to supporting the economic growth of India and this includes providing a resource to local partners and taking 'Made in India' products global.
There are three main pillars of China's economy. One is export, which is limited by sluggish global demand. The second is investment. In many sectors, there is already too much investment and overcapacity. The third is consumption.
We hear a lot about rebuilding Detroit, and we just spent $70 billion to bail out the auto industry - well, they need to be cost competitive, too. If they have high-cost energy, those suppliers are going to move to Japan or Mexico instead of Michigan and Tennessee.
Ultimately, I would like to say yes, conditions have improved, but there is still vast room for more improvement; we are still the poorest of the poor. And we are still statistically considered to be extremely disrupted culturally, and have extreme health needs in many areas, as well as high suicide rates and infant mortality rates.
One thing people underestimate is how markets don't allow anyone to do anything except make better and better products. There's not much leeway. The world is a lot more competitive than most people think, particularly in a high-technology area. If a company takes its eye off improving its products, if it tries to do anything that would be viewed as an exercise of power, it'll be displaced very rapidly.
It is the pride to play for India that keeps me going. Not many get a chance to play for India and I feel very fortunate to be still playing. The will to do well for India is a big motivation.
Investing in rail is an easy way to reduce congestion, cost, and energy consumption and make our producers more competitive.
Oil is a tangible commodity, so there is a global market. The fact that we may need less may affect the global price because we're big consumers: we probably take about a quarter of global demand. But if suddenly, let's just use a crazy example, fighting in the Middle East led to the closure of the Strait of Hormuz and no oil could get out through the Strait of Hormuz, well that would affect China, India, Europe, it will affect the whole global economy. It will affect us, too, then.
A talented workforce, excellent access to markets and a competitive business climate make our state a top destination for global manufacturers.
The great multinationals are unwilling to face the moral and economic contradictions of their own behavior - producing in low-wage dictatorships and selling to high-wage democracies. Indeed, the striking quality about global enterprises is how easily free-market capitalism puts aside its supposed values in order to do business. The conditions of human freedom do not matter to them so long as the market demand is robust. The absence of freedom, if anything, lends order and efficiency to their operations.
With ability to produce a diverse range of products, India has the potential to become the one-stop sourcing destination for brands and retailers of ASEAN nations.
The next level of mass consumption - and India is known for its consumption story - is really going to come from consumption in the rural areas. So that's going to throw up a lot of unique opportunities.
India is one of the youngest startup nations in the world, and so far, various technology startups have witnessed phenomenal growth. It's amazing how these startups are thriving solely based on domestic demands. It speaks volumes about India's economy and its rich talent pool.
In India, we have the global services HQ, R&D centres, global network operating centres, global manufacturing, and product management - India is not just a market but a country we use for extended NSN.
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