India is all set to become the new manufacturing hub of the world by 2010-11.

All major
automobile companies started sourcing from India or started joint venture companies
with Indian companies. There are other natural ingredients that help in establishing and
nurturing companies in India.

The report discusses the potential of India to emerge as a major global manufacturing
hub. It highlights the growth of India in manufacturing, paper industry, opportunity for
Indian companies over china, chances of India to become global hub for small cars.

Some of the factors that put India in an advantageous position are as follows.
The labor available here is cheap. It’s the best place for cheap, but well educated and
qualified people. A qualified engineer who passed from a premier institution like IIT get
placed with $12K to $20K per annum in a good company compared to $50K to $80K in
US. India boasts of 100 million English speaking people. There are more schools,
colleges and universities with English as medium of instruction. This adds to our
advantage as the only nation with good number of English speaking people in the east.
It’s a country with more than a billion people. It’s a huge market for western
manufacturers. It’s also a developing nation with a annual GDP growth rate of 6-
8%.Such a market is a Solomon’s gold mine for any manufacturers eyeing new markets.