外文标题：Roaring labour costs in China may push investors to India: Report
BEIJING: As Prime Minister Narendra Modi embarks on a maiden official visit to Europe which aimed at wooing foreign investments, China’s official media today said “roaring labour costs” in stricter environmental regulations in the country may push investors to eye India.
“In fact, the roaring labour costs and stricter environment regulations in China have pushed enthusiastic investors to look away and eye India as a more desirable destination, particularly those from small- and medium-sized businesses,” state-run Global Times reported.
Besides, the widespread English proficiency in India also gives a fillip to the interests of foreign investors, state- run think tank, the Shanghai Institute of International Institute, said about Modi’s visit which included inauguration of the Hannover Messe, a famous engineering fair in which India is a partner, with German Chancellor Angela Merkel.
It said the next two years will be critical for India as the country is predicted to have the economy grow by 8.1 to 8.5 per cent in the 2015-16 financial year despite the global economic slowdown, and in the process foreign investment is critical.
“Once the prediction can be realised, it will send considerably an encouraging message to the Western countries,” it said.
Jeet Khoker (Unknown)
Devil is in the details. labor cost of skilled labor is going up while unskilled labor is cheap. in india it is same story. make in india so far has not increased demand for labor, in india credit growth rather than productivity is used as a measure of growth
Rajeev Pandey (Mumbai)
First India needs to have a set up like FOXCONN and match their labour cost and efficiencies and practices, then we talk. Currently, it is a pipe dream.
Ayush Jha (Delhi)
india should grab this opportunity with both hands.
Michael Scofield (indore)
India must grab this golden window. This is what exactly india needs now. Labour intensive industries to boost employment and to make it “make in india” successful
Umang Shah (Unknown)
I hope we take advantage of this.. but do not compromise on environmental laws..
Some low end manufacturing facilities have been pulled out from Shenzhen, and reallocated in Vietnam, Philippine etc. countries. Never heard of any companies being reallocated into India.
Only if Indian politicians can agree on land acquisition and other critical bills.
Internet User (Unknown)
now india must use this opportunity well
Shailesh Ved (mumbai)
It seems that India growth story is in reality and it is long lasting.