Indian non-electrical machinery industry
Despite the implementation of economic reform measures, availability of cheap skilled and unskilled labour, good domestic demand and higher growth trend witnessed since 2003/04, India remains a marginal global player in the non-electrical machinery industry. The present status of the industry is unsatisfactory. It faces serious disadvantage while competing with the countries like China, which has developed strong presence in this industry. The industry is beset with many external and internal problems. Government of India may take important steps in creating level-playing field for the Indian manufacturers of machineries and equipments. Indian firms may attract FDI through MNEs with their potential to offer critical resources and assets, for developing additional capacities as well as for achieving global competitiveness in this industry.
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- Basant, Rakesh, 1997. "Technology strategies of large enterprises in Indian industry: Some explorations," World Development, Elsevier, vol. 25(10), pages 1683-1700, October.
- Keshari, Pradeep Kumar, 2013. "Foreign direct investment in India: some emerging trends," MPRA Paper 47143, University Library of Munich, Germany.
- Jacobsson, Staffan, 1991. "Government policy and performance of the Indian engineering industry," Research Policy, Elsevier, vol. 20(1), pages 45-56, February.
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