Hyderabad: Leveraging the available talent pool and lower manufacturing costs, American conglomerate General Electric Company (GE) is planning to make India a manufacturing hub, "but for the world," said Banmali Agrawala, president and chief executive officer (GE South Asia).
"There is an opportunity to step up the India advantage in manufacturing with the 'India for the world' concept. If the Indian markets are subdued for other economic reasons, it is an opportunity from an export perspective. We should cash in on this, especially when jobs etc are a major issue. So, that's the way we are looking at it (India)," he said.
Speaking to mediapersons on the sidelines of the ISB Leadership Summit 2013 in Hyderabad on Friday, Agrawala said the fundamentals of the country still remained strong and that India was on the learning curve in terms of regulatory process.
"The present policy framework in India, unfortunately, seems to be towards making India a manufacturing hub for India by imposing import barriers. This is not going to lead us to anywhere. I am absolutely convinced that India can be the best manufacturing destination in the world, especially in hitech items like aviation, gas and steam turbines," he added.
17/11/13 Business Standard
To Read the News in full at Source, Click the Headline
"There is an opportunity to step up the India advantage in manufacturing with the 'India for the world' concept. If the Indian markets are subdued for other economic reasons, it is an opportunity from an export perspective. We should cash in on this, especially when jobs etc are a major issue. So, that's the way we are looking at it (India)," he said.
Speaking to mediapersons on the sidelines of the ISB Leadership Summit 2013 in Hyderabad on Friday, Agrawala said the fundamentals of the country still remained strong and that India was on the learning curve in terms of regulatory process.
"The present policy framework in India, unfortunately, seems to be towards making India a manufacturing hub for India by imposing import barriers. This is not going to lead us to anywhere. I am absolutely convinced that India can be the best manufacturing destination in the world, especially in hitech items like aviation, gas and steam turbines," he added.
17/11/13 Business Standard
