FT : The BRIC Picture / BRIC-ering Neighbors

Tuesday, June 16, 2009

Hardly an awe-inspiring “Rest Of The World” team –

(click for full image)

Business people in Mumbai say the differences in India’s and China’s approaches to industry and the wider culture gap between the neighbours could hardly be greater, writes Joe Leahy in MumbaiChina has a single-minded focus on productivity and economic growth that India may never match, while India has a democratic, civil and legal culture that its autocratic neighbour is unlikely ever to grasp, they say.  “India will never catch up on that end and China will never catch up on this end and the world will go on,” said R.N. Mukhija, president of operations at Larsen & Toubro, one of India’s biggest engineering companies, which is active in China.  Business relations between India and China are often rocky.  Delhi distrusts Chinese companies for security reasons, particularly in telecoms and ports sectors, while Indian businesses complain that their rivals undercut them on prices.  But others, such as Mr Mukhija, have few harsh words to say about China.  One of the most striking aspects of working in China was the huge manufacturing capacity there, he said.  China’s industrial firepower might be 30 to 40 times greater than India’s, and it focused on welcoming investors – one-stop windows for investors at local government levels are common.

Reference : http://www.ft.com/cms/s/0/f7070dd0-59d0-11de-b687-00144feabdc0.html

2 Responses to “FT : The BRIC Picture / BRIC-ering Neighbors”

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