Tough reforms needed to make India a manufacturing hub: CEOs

Prime Minister Narendra Modi’s plan to launch a new manufacturing could transform India into an international manufacturing hub, giving tough competition to China.

However, to realise this goal, reforms in labour laws, special economic zone policy, foreign direct investment rules, taxation policy, and land acquisition policy are very crucial, say CEOs. Though India has missed the bus, the country can still make an impact on the global manufacturing sector through innovation and reducing costs, they say.

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