Thread by @RenukaJain6

India on the way to become manufacturing hub of the world. Check the thread

1 The Samsung giant’s mobile phone factory at Noida will be the largest in the world, and close to 30% of the handsets made there will be exported

The coming of the Samsung factory might do to electronics manufacturing what Maruti did to the auto industry in the 1990s

2 According to a study by Deloitte, India is expected to jump six ranks to No. 5 in the 2020 Predicted Manufacturing Competitiveness. Interestingly, India’s manufacturing labour cost in 2015 stood at $1.72/hour compared to $37.96/hour for US

3 Even China’s cost is almost double that of India. The Indian government has set an aggressive target of increasing the manufacturing share to 25% of GDP by 2025.

4 For India, this could also be a start of Industrial Revolution 4.0. The convergence has already started between digital and manufacturing. If we see some industries, it is already visible in Internet of Things, sensors, robotics, predictive analytics, etc

5 The ease of doing business could probably be the most important factor in making India a hub for manufacturing. India moved to the 100th spot in the World Bank’s Ease of Doing Business global rankings due to sustained business reforms.

6 As per a World Bank report, the cost of transporting 1tonne of freight over 1km works out to Rs 2.28 by road, Rs 1.41by rail and Rs 1.19 for waterways. Using ports in a big way can help India lower logistics costs substantially.

So Gadkari Sir working aggressively for this