Nilgiri
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- Aug 4, 2015
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I sincerely wish to see China and India breaking the western monopoly of aerospace technology.I hate it when western countries take hundreds of billions of dollars every years from Asia,Africa Latin America by selling civilian and military air crafts.It is one of their main pillar of world domination hence power imbalance in the world.China is advancing in this direction very quickly.I also wish the same for India.
Well lets wait and see. Right now India has to focus on getting many reforms through to get the bang for your buck capital investment to even make more optimal use of the human resource it is producing at all levels in basic sectors of industry/manufacturing....and also heritage ones like textiles/food processing/heavy industry etc.
Large scale capital intensive sectors like aerospace do not produce many jobs for the investment required. China has gotten to that level, we have not. India for time being is more focused on becoming part of the global supply chain at best. Full assembly and manufacturing needs a more robust MSME capability there (which in itself needs some initiation point from a calculated gamble like maruti-suzuki was for auto industry)....so it will take some time....could be next decade at some juncture I feel.
With purely space sector (ISRO), you can get results a lot faster because there are no huge massive capital costs from the massive shop floors needed (even for small aircraft given they have to be excellent quality to compete well)....and there are direct benefits for military tech (feedback into DRDO missiles, satellites etc). Thats why it was a concerted effort to invest into space by India even when it was much poorer....compared to aerospace sector generally.
Its same case with BD, you have to explore which capital investment gives you the most jobs....and after that most net profit/worker (essentially productivity extraction elasticity) so you can gain the wealth dividend to launch into more capital intensive industries once you have the industrial and fiscal momentum to do so.
But BD, and please dont take it the wrong way, really really needs to pick up pace of its education and training. Do not assume it will automatically come with the investment....in most of the juicy investments, the investors always check do you have a surplus pool of well trained labour (that they can refine as needed for their specific jobs)....and if you dont they simply look elsewhere immediately. The chicken most definitely comes before the egg in this from my experience. This is where the whole region can really learn from China and East Asia in general.