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Muji Singh Rangi
@mujifren
Director, @ISSF_India Back-up: @mujifren2 🐀
加入 January 2017
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There are such horror stories of production linked punishment given to manufacturers from 1950s to 1980s Multiple US, UK, West German and French Companies tried their best to set up manufacturing in India only to be met with absolute disdain from Nehruvian Babus Fairchild wanted to make India hub of Semiconductors with 1 Crore device target, Babus said you will make only 6 Lakhs and pay us obscene royalty Fairchild left Then in 1970s Philips wanted to make India the global hub of Electrical Appliances Then ministry of commerce started harassing phillips and they decided to drop the plan Before US companies went to China and Korea in the 80s they tried their best to make it work with India for 30 years which would have industrialised is, pushed is to a $15k per capita economy and a global superpower But Alas 😞
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India has moved from Production Linked Punishment to Production Linked Incentives. There was a time when companies would be penalised for producing beyond prescribed limits! That mindset of the Licence Raj discouraged enterprise, production and job creation. Today, the approach is completely different. We incentivise production, encourage ambition and trust our entrepreneurs. India has moved from controlling enterprise to enabling it.
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