India Wages and Currency Beckon Manufacturers from China

[Fanling Monk]

You overestimate the quality of labor used by foreign manufacturers in China. Those factory jobs can be done by minimally educated people; afterall, it's the functionally illiterate migrant workers manning China's factory floors, and Honda taught functionally illiterate workers in Alabama how to assemble Odysseys using pictures when they found out the new hires couldn't read instruction manuals.

The only thing that the Chinese has over Vietnamese and Indian workers maybe that Chinese work harder and longer than the workers in Southeast and South Asia, but that becomes pointless when the Chinese wages rise so much.

Unfortunately the smart money doesn't think the way you do, their money is pulling out of India faster than other bources.

 

[oct605032048]

Unfortunately the smart money doesn't think the way you do, their money is pulling out of India faster than other bources.

That's why Indian Rupee is falling like a LCA in the sky.

 

[IndianArmy]

That's why Indian Rupee is falling like a LCA in the sky.

Is it necessary to Fly LCA in every thread... Besides when was the last time it fell, wasn't it one from your own indigenous inventory which went nose down with the escape systems kaput?

 

[Tumba]

India Wages and Currency Beckon Manufacturers from China | 2point6billion.com - Foreign Direct Investment in Asia

EU Chamber Warns of China Investment Withdrawals | China Briefing News



China-Exodus has begun, and countries like India and Vietnam stand to gain the most from it.

i hope india gains something out of rupee downfall ... but present govt is highly insufficient ... it will take years before any big manufacturer will be allowed to invest in india... policy paralyses that has gripped india from last two years is bleeding india very badly ...

well my first job was for a south korean company in delhi... in 2006 ... all top management were moved to india from south korea... later that company was acquired by an american company.. but i still have good memory of my south korean co workers ... it was a great experience working with koreans..