Apple transferred the industrial chain, took Foxconn to invest in India, and even prepared to put nearly half of the iPhone in the Indian factory for production, which attracted the attention of many people. India's manufacturing industry has also become one of the hot topics, but many people in the industry believe that it is not so easy for India to become the next world manufacturing center.
However, judging from the current situation, the development of Indian manufacturing does not seem to be as smooth as imagined, and even some American media recently said that manufacturing manufacturers are more inclined to stay in China rather than invest in India. There is no doubt that while Made in India has many advantages, it also has its disadvantages.
For example, India's infrastructure construction, labor quality, and industrial chain scale are difficult to meet the needs of most situations, and it is precisely for this reason that many manufacturers are still reluctant to choose to build factories in India.
The influence of Made in China in the international market is undoubted, with the rapid development of China's scientific and technological level, Made in China is gradually moving towards precision equipment, heavy equipment, etc. Judging from the public data, the domestic shield machine not only made another breakthrough in the field of heavy-duty shield machine, but also won more than 65% of the global market share. The development in the field of automobile and ship manufacturing is also very rapid, and in 2023, the domestic automobile manufacturing volume will surpass that of Japan and Germany.
Some United States** said: Many large enterprises have given up investing in India to build factories. Judging from the previously disclosed news, a number of internationally renowned manufacturers, including Wistron, Apple's core foundry, have begun to withdraw from India, and in the past three years, thousands of foreign-funded manufacturers have left the Indian market.
In fact, some industry insiders said that although the Indian market seems to be good, it is actually not. The main reason for India to attract foreign manufacturers to build factories is that India has low labor costs, but in fact, India is not ready in the fields of infrastructure construction and industrial chain development.
Whether it is India, Vietnam or Mexico, although it has undertaken the production capacity of some foreign-funded manufacturers, due to the problems of local related industrial chains and infrastructure, it is not so easy to produce normally after the establishment of factories. Taking Made in Vietnam as an example, Apple, Samsung, Nike and other manufacturers chose to build factories in Vietnam, but finally chose to evacuate.
However, the performance of Indian manufacturing is slightly better, and now some electronic foundries choose to invest in India, and India also has a good development performance in the field of mobile phone and computer manufacturing. However, due to the problem of craftsmanship and yield rate, it is difficult to complete some orders in the Indian factory on time.
In addition, India's poor business reputation has also made foreign manufacturers full of worries about investing and building factories in India. Previously, Xiaomi was frozen by India, and India issued a ban on PC computer parts, which was canceled before it was implemented. There are also a series of previous measures, which have caused concern about the international business reputation of the Indian market.
In fact, India has not done similar things before, such as freezing the funds of foreign-funded manufacturers for various reasons, and refusing to pay the balance for various reasons after the order is completed. It can be said that compared with the advantages of Made in India, the disadvantages of Made in India are more interesting.
Nowadays, China's manufacturing is not only accelerating its development and transformation, but also beginning to build a domestic industrial chain, and more and more local foundries have begun to "rise", such as BYD, Luxshare Precision and other local foundries have also begun to enter the international market. It is foreseeable that we will remain the world's manufacturing center for a long time to come.
India wants to develop its manufacturing industry, but in addition to the low labor force, there is no other place to attract foreign manufacturers, and India's poor business reputation has also virtually increased the cost of foreign manufacturers to build factories in India.
If you agree, please like, welcome**, leave a message and share.
**10,000 Fans Incentive Plan