Opinion – Make in India, Narendra Modi to global investors – The Times of India – John Gelmini

English: Narendra Modi in Press Conference

English: Narendra Modi in Press Conference (Photo credit: Wikipedia)

Dr Alf has come up with an accurate prognosis.

Having seen both the Chinese and Indians in operation it is clear to me that China has a plan and is determined to carry it out at warp speed.

100 years of development of infrastructure is being compressed into a decade in China; everyone eats; 650 million people are being taught English; and 25 million new jobs are being created every year.

They might not be jobs that Dr Alf or most of the readers of his blog might want to do but they are jobs which raise the living standards of the people who do them.

When it comes to foreign investment the Chinese know how to attract it and have managed to close a technology gap with the West of 20 years within just 4 years.

The money which this represents is not lying idle it is buying up companies in Europe, America and Australia, building shareholdings in companies like Peugeot and buying key infrastructure like the Port of Felixstowe in Suffolk and the infrastructure company which owns and operates the London Underground.

Much of Africa is feeling their presence as well and they are mining $6 trillion US dollars worth of lithium and copper in Afghanistan.

In Wuxi as far back as 2011 I saw the outline plans the Chinese have to capture more of the global IT/BPO outsourcing market and overtake India which has 60% of this market by 2020.

In Central America, they are building a rival to the Panama Canal in Nicaragua and they are buying up vast acreages of land on which to grow food in Cambodia, Argentina, Brazil because they believe that the world is cooling rather than warming.

India, in addition to the inequalities of income (billionaires at one end and starving “Slumdogs” at the other), has a caste system and so much corruption that when surveyed Indian business people said that the people they would find hardest to deal with were themselves.

South Korea, Cyber City in Malaysia, Singapore and the USA know how to attract inward investment in a way that Modi with all his speech-making could not dream about but when it comes to getting things done he should learn from China and Germany.

John Gelmini