I remember interviewing an industry leader, years ago, who mentioned that India will never become a manufacturing hub unless the government remove restrictions and unreasonable regulations. He mentioned that India did have the potential to become a manufacturing hub.
The Government of India has removed many of the restrctions and hurdles which was hindering the growth of the manufacturing industry. Today, all these have borne fruits. India is among the top and is a strong contender to become the world's prefered manufacturing hub. That's quite an achievement for the industry, and they deserve a standing ovation for making it and carrying on despite all the potholes that were in place earlier.
If you want to know more please click:
http://www.ibef.org/artdisplay.aspx?cat_id=352&art_id=27352&arc=show
http://www.mydigitalfc.com/op-ed/time-india-finds-its-niche-areas-926
http://www.icmrindia.org/casestudies/catalogue/Innovation/BREP010.htm
