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This is bunk. There are 2 forces At play that matter to your position 1) big tech firms investing in a large local player for legal, political connections and
by intended 6y ago
This is bunk.
There are 2 forces At play that matter to your position
1) big tech firms investing in a large local player for legal, political connections and arms length sheilding from the necessary local corruption
2) normal manufacturers moving to Vietnam - which has accelerated since the trade war due to COVID.
The second is best described by a New Zealand owner who was looking for factories to build stuff in, aside from China.
India was described as passable, if you Are an MNC. Then you can afford the workers while ensuring quality.
For anyone else, the quality of service from factories drops of fast. There simply isn’t the wherewithal in talent or experience to do manufacturing at scale and at competitive pricing for the typical firm who wants to move manufacturing hubs.
In contrast He had videos of Vietnamese factories working towards throughout targets and being a viable alternative to China.
India needs to reform Labour laws. It’s been a great hope that this govt with its monumental single mandate would have taken the issue and freed the system up so manufacturing could be unshackled.
- dang 6y agoPlease don't break the site guidelines with "This is bunk" and other such swipes: When disagreeing, please reply to the argument instead of calling names. "That is idiotic; 1 + 1 is 2, not 3" can be shortened to "1 + 1 is 2, not 3." https://news.ycombinator.com/newsguidelines.html https://news.ycombinator.com/newsguidelines.html
- intended 6y agoNoted. My bad.