外文标题：India to be world’s factory hub, says Samsung's president & CEO BD Park
NEW DELHI: South Korean giant Samsung, among the top multinational companies with major manufacturing operations in India, says the country is set to become the next global factory as China loses its competitive edge, given the available talent and need for job creation in Asia's third-largest economy. "China is losing the competitiveness very rapidly today," BD Park, Samsung's president and CEO for South West Asia, told ET.
"Labour costs are rising and as they become richer, their currency will gain versus the US dollar, which means that they will lose the competitiveness for export." He added that with India already being a software superpower, "it should now emerge as a global factory, for which infrastructure should be created with the help of public and private sector".
韩国巨头三星是在印度开展制造业务的顶级跨国公司之一，该公司称，随着中国丧失竞争优势，考虑到亚洲第三大经济体可利用的人才储备和创造就业的需求，印度可望顺势窜升为下一个世界工厂。三星电子西南亚区CEO BD Park 在接受印度《经济时报》访问时指出，“中国正迅速丧失竞争优势。随着中国变得富裕、当地劳工成本也跟着上扬，人民币相对于美元将会走升、进而使得出口竞争力下滑。”
Park's comments come in the backdrop of Prime Minister Narendra Modi's speech on Independence Day, exhorting companies around the world to manufacture their products in India, not just for the local market but for exports as well. "From the ramparts of the Red Fort, I would like to call people of the world to 'come, make in India'. Come here and manufacture in India. Sell the products anywhere in the world but manufacture here...we have the power, come I am inviting you," Modi said on August 15.
He pointed to India's young population, which has the skill and talent to help make India an export hub for the world. He asserted that the focus on the manufacturing sector would help in creating employment for people, besides maintaining a balance in exports and imports. "More than 75% Indians are below 25 years of age who must be given the right jobs," Samsung's Park said.
他指出，印度的年轻人口结构以及他们所具备的技能足以让这个国家成为世界外销中心。他断言，集中发展制造业不仅能帮助创造就业，而且能平衡进出口贸易。Park 提到，印度超过75% 的人口年龄在25 岁以下、他们必须拥有适当的工作机会才行。
Comments from the electronics major, which manufactures most of its products including smartphones, refrigerators, ACs, TVs and washing machines from two factories in India and sells them locally and abroad, provide a much needed fillip to the country as it seeks to contain the current account deficit, boost exports, tame inflation and revive growth from close to decade-low levels. Samsung is currently the fourthlargest MNC in India by revenue and expects to be the leader in the next fiscal year, if not in the current one.
Gurinder Kooner (chandigarh)
... It is good to hear this from the mouth of SAMSUNG CEO.... at least we will have cheaper goods... that too MADE IN INDIA
Abdul kalam (darjeeling)
India desperately needs that right now to feed its Young... And that completely depends on govt policies....LEts hope the best from MODIJI
This is good for us! Manufacturing can help us develop the infrastructure we need for growth.
SANJEEV KUMAR (Chandigarh)
India will be world's next factory. Acchye Din Ayeyen gay. Doomsayers will be proven wrong.
Noyale Gupta (OFA)
Samsung, GM, etc will say this because China has already moved past from being an outsourced center for manufacturing to a serious competition. China has already mastered the underlying technology and started challenging the OEM. Companies should have stayed with india from beginning because India does not have the habit of copy-cat and taking technologies out (see the case of Ambassador which India could never improve design!!!)
It is not clear as to what prevented companies from manufacturing in India and selling abroad so far. Some companies are already doing it. What else can attract them to set shop in India? A lot of goods for domestic consumption were also being imported by putting Indian labels on them. If we could put a stop to that there would be a big boost to manufacturing sector. Are we not charging import duties to the maximum level permissible under WTO?
VBhat Bangalore (Bangalore)
At the end of first term of NDA, we can get the fruit of manufacturing in India...We definitely have an edge in this over china...MAKE IN INDIA soon be seen as products MADE IN INDIA...
Dinesh Kumar (Chennai)
Because of fascinating speech of PM on independence day.........
"Labour costs are rising and as they become richer, their currency will gain versus the US dollar, which means that they will lose the competitiveness for export". China is becoming a developed nation with increasing wages and standard of living. So, manufacturing jobs are going to places where wages are cheaper.
All the ingredients to be the manufacturing hub are in place. Modis strong push from Red fort will only catalyse the possibility to reality. Let us join hands to make this happen now.
COLRANBIRLAMBA lamba (PTA)
purvesh pancholi (Mumbai)
Modi getting great response to his 15th Aug speech.
Venkatesh (TG Halli)
Does this mean the price of Samsung Tab will be reduced? I wanted to buy one for my birthday but it was priced too high ..
Jasmin Rupani (Kolkata)
India needs Labour reform and world class infrastructure. Solve these problems and what mr Samsung is saying will become reality very fast.
Sanjay Gupta (Kanpur) replies to Jasmin Rupani
Cannot agree more. Our archaic socialistic labour laws must go. I am sure the Soviets and Chinese reformed long
Has to happen as China goes above the development line. However apart from that there are advantages over China like being not afraid of chaos, English and IT-strength.
Venkatesh B (Chennai, Tamil Nadu)
need to brings others to India
C Karthikeyan Menon (Khobar, Saudi Arabia)
it is really true that India can be a manufacturing hub for export as well outpacing China there is no doubt. This opportunity was in existence since few years back; but not tapped yet. our PM has the real mind of a businessman which can help our country in the long term and we will become the richmost country as well as we enter into JVs in defence, auto, IT, consumer durables, etc.. with international companies for domestic consumption as well as for export.
Sourav Mukherjee (Kolkata)
Very heart warming news for the Indian youth , coming from Samsung's president and CEO for South West Asia.
Sanjay Gupta (Kanpur)
If true great, or is he just trying to cozy up to Modi?
Romi (singapore) replies to Sanjay Gupta
think positive he has given reasons as to why india is has advantage over china
San Man (Beijing)
I will buy samsung only now. Mr Park is a good man.
kktotlani Totlani (Jaipur)
It was nice of Park to have said so as India goes in to become largest engineering hub during next 10 years.I think govt should do everything to encourage the indian / overseas entrepreneurs to invest in India avoiding red tapism at all costs.
Modi found an immediate follower of Samsung CEO prediction of making India as a global mfg hub!!!.
Romi (singapore) replies to DINATH
only worry are labour laws which need to be changed
Faisal Raza (Unknown)
Heavy improvement needed to be done in major and most of the fields to attain such growth and power
diliptjoshi2 (Vadodara) replies to Faisal Raza
Of course. Even South Korea and China did not have infra structure, and almost as poor as India, but they made it. So will India, with leadership of Modi, we have more than fair chance.