India's turnaround strategy for turning into a manufacturing hub: a chronicle case study of Kalyani Forge

The metamorphosis of China from a enigmatic giant to engine of world economy in post Mao era has been the most astounding success story ever of a nation which turned its fortune and might on the world in a short span of time. Twenty five years to be precise. In 1985 Deng Xio Peng commenced, what was known as one nation two systems policy and made the province of Guangxo a free market base for world to come and establish its manufacturing units at heretobefore unheard of and unseen benefits, world listened and lapped. The journey from 1985 to this date is the blitzkrieg to prosperity and increase in might that has been unparalleled in history of mankind. The dragons been unleashed, its still on run despite cassandras making doomsday prediction like never before. The imminent collapse of Chinese economic juggernaut is well chronicled.

Down South of China, its big neighbour had also had misfortune of adopting the socialist line of economy and being burdened with legacy of economic profligacy, corruption and sheer ineptitude. The political instability post 1975 added to its woe by compounding problems which blew over top in 1990. Then Government of the day had to step in and take emergency measure to arrest the southward spiral of economy. In 1991 economic reforms were introduced and in short time the results were introduced and in short time the results were for all to see, economy was on tracks by 1995, it seemed the only direction the economy was set, was sky wards. Great expectations were there from the elephant economy, the Asian Tigers and Dragon had shown the way, the trail blazers had fulfilled their promise. This was to be India's show. In Software and BPO's, India came out to become superpower. This story was scripted by known Indian companies like Infosys, Wipro. Quietly another revolution in manufacturing sector is happening and the silent march of India's manufacturing prowess is chronicled here to provide a picture of what could be in store for tomorrow. An Indian challenge to Chinese supremacy as manufacturing hub of the world.