Indian Prime Minister Narendra Modi speaks at the opening ceremony of ‘Make in India Week’ in Mumbai in 2016. Photo: AFP
Indian Prime Minister Narendra Modi speaks at the opening ceremony of ‘Make in India Week’ in Mumbai in 2016. Photo: AFP
India

India wants to unseat China as the new ‘factory of the world’. But it won’t be easy

  • For multinational manufacturers, the pandemic has driven home the importance of diversifying supply chains, with many now looking to India
  • With its large economy and young population, India has the potential to be a manufacturing powerhouse. But its bureaucracy and red tape are infamous

Indian Prime Minister Narendra Modi speaks at the opening ceremony of ‘Make in India Week’ in Mumbai in 2016. Photo: AFP
Indian Prime Minister Narendra Modi speaks at the opening ceremony of ‘Make in India Week’ in Mumbai in 2016. Photo: AFP
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