-
Dec 11, 2012
-
Manufacturing in India to grow at China's cost
A decade ago, when companies thought of low cost they invariably thought about China. However, companies are now looking at multiple alternatives and that's why India could be more attractive than before. What triggered the change in boardroom mindset were the two big natural disasters last year - the tsunami and the floods in Thailand. "They caused major ripples around the boardrooms on risk management," says Robert M Tevelson, senior partner and managing director of The Boston Consulting Group's Philadelphia office. "Companies are not looking only at the low price point of view, but also at the total cost by averting risk on their supply procurement," he added.
Source -
http://economictimes.indiatimes.com
|