4 ms·
India has a lot of bureaucracy and protectionism. I also don't think they have any equivalent to China's special economic zones (free market economies where the
by NavinF 4y ago
India has a lot of bureaucracy and protectionism. I also don't think they have any equivalent to China's special economic zones (free market economies where the usual rules don't apply) such as Shenzhen (Chinese Silicon Valley)
- harryVic 4y agoIndia has special economic zones https://en.wikipedia.org/wiki/List_of_special_economic_zones_in_India https://en.wikipedia.org/wiki/List_of_special_economic_zones...
- NavinF 4y agoHuh I thought I looked this up earlier, but I guess I was mistaken. Are these zones similar to China's? I see lots of tiny zones on that list that are focused on manufacturing just one product rather than huge cities that make everything.
- mikymoothrowa 4y agoIndia is quite liberal even outside of SEZ compared to China. These SEZs have considerably less bureaucracy. They have power/water connections handled already and a single-window system for approvals. China also has plenty of SEZs
- unmole 4y ago> Are these zones similar to China's? They are not even remotely comparable to China's. There are some SEZ's that made up of just a couple of buildings. And they aren't limited to manufacturing, it's common for multinational companies to run their R&D out of them. Source: Worked in a Bangalore SEZ for a large Chinese telecom company.
- mikymoothrowa 4y agoIndia has had SEZs for decades at this point. https://en.wikipedia.org/wiki/List_of_special_economic_zones_in_India https://en.wikipedia.org/wiki/List_of_special_economic_zones...