How did China become the ‘factory of the world’? It had and has plenty of cheap labour, abundant raw materials, lax environmental rules and focused entrepreneurs to capture markets. And in the late 1970s, it embraced a series of market reforms, despite being a communist state, and that was the beginning of its journey to becoming a manufacturing superpower. It not only established special economic zones with market-friendly rules but also gave a solid platform for the small and medium enterprises (SMEs) which over the years have consolidated their position.
As per research firm Statista, each year about 5 million SMEs get added to the list in China, representing at least a 10 per cent year-over-year growth rate. In 2019, the number of SMEs was estimated to be over 38 million. On the other hand, India has 63.3 million MSMEs. Wait, here is the catch, of the 63.3 million, 99.4 per cent (that is 63 million) are micro-enterprises while 0.52 per cent (3.31 lakh) are small enterprises and 0.007 per cent (5,000) are medium enterprises. Of this number, those in the realm of defence manufacturing is minuscule, one because the defence sector is just opening up for new businesses and two the private sector does not consider defence production as a lucrative business, besides the severe bureaucratic obstacles it has to face. The present dispensation is trying its best to create an eco-system wherein MSMEs will have a major role to play in the ‘Make in India’ initiative.
Pandemic derails MSMEs
Denne historien er fra February 2021-utgaven av Geopolitics.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra February 2021-utgaven av Geopolitics.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
NEW MANTRA FOR DISPUTE RESOLUTION
AMIT COWSHISH explains why the Ministry of Defence (MOD), which is one of the biggest spenders, needs to watch out for the latest mediation rules.
NEW WAVE TERRORISM IN JAMMU & KASHMIR
KARAN KHARB argues that Pakistan's continued use of proxy war tactics against India, particularly in Jammu and Kashmir, poses a severe threat to national security. He advocates for a shift from a reactive to a proactive approach in counter-terrorism efforts, emphasizing the need for a comprehensive review of military strategies and a coordinated national policy to address both external and internal security challenges effectively.
INDIAN NAVY'S PROJECT-751 - GERMAN TKMS LEADS SPANISH NAVANTIA AFTER FIELD TRIALS FOR AIP-SUBMARINE DEAL
German submarine-builder ThyssenKrupp (TKMS) and India's Mazagaon Dockyard Limited (MDL) have emerged as leaders in the Indian Navy's Project-751, which aims to build six submarines with Fuel Cell Air-Independent Propulsion (AIP) and Lithium-ion batteries. Following successful field trials, TKMS and MDL have gained an edge over competitors by demonstrating their proven AIP technology and advanced submarine design tailored to the Indian Navy's needs.
VIKSIT BHARAT FROM A DREAM TO REALITY
The article explores India's ascent as a global influencer, emphasising its strategic advancements in foreign policy, defence, and economic growth. It also highlights India's challenges in achieving sustainable development and strengthening internal security. Adopting a forward-looking approach, the article envisions India's rise as a major economic power and a key player in global stability, as outlined by LT. GEN. A.B. SHIVANE (RETD.).
WILL MODI APPLY THE LESSON LEARNT FROM KOREA IN UKRAINE?
Speculation around Prime Minister Narendra Modi's possible visit to Ukraine raises questions about India's role in mediating peace between Russia and Ukraine. Drawing from its experience during the Korean War, India may seek to leverage its strategic neutrality to foster dialogue in a conflict where China and Turkey have also shown interest, opines PRAKASH NANDA.
UGVS: THE NEXT DIMENSION OF WARFARE
With the rest of the world developing unmanned ground vehicles at a breakneck speed, it is time for India to join the bandwagon at the earliest.
SUPERSONIC DESTROYER
The BrahMos programme has filled a critical gap in the Indian armed forces' missile inventory and continues to attract strong export interest, writes ATUL CHANDRA.
POLICE MODERNISATION: AN URGENT NEED OF THE HOUR
India is facing many internal security threats, and it is time to reshape the strategic dynamics by modernising the police forces.
FUTURE FIGHTER
FIA 24 provided important insights into the Global Combat Air Programme, which will redefine the future of air combat, reports MIKE RAJKUMAR.
FILLING THE GAP
A new Medium Transport Aircraft is essential for the IAF, but it will have to compete with other pressing programmes fighting for limited budgetary resources, analyses ATUL CHANDRA.
