From: http://www.ceocio.com.CN/12/93/318/516/39315.html
"China is the factory of the world, India is the Office of the world" is out of date, between India and competing for "the global contractor" status of the competition has been expanded.
On November 29, when the shots after the silence of the Taj Mahal Hotel, India has managed to restore calm. In a 59-hour in this terrorist attack, has killed nearly 200 people, including dozens of foreigners.
After the tragic terrorist attacks, confidence in Mumbai to become an international financial centre was a major blow. International investors are closing offices in Mumbai, they finally realized that India there are so many problems. As a country with many ethnic and religious, India had never formed a very cohesive unity of values, it also makes the country has been in a State of tearing. Each have a period of time, India will have conflict, particularly in the majority of the population of India Christians and 140 million India between Muslims. In this terrorist attack, before the shooting of hostages by terrorists also loudly asked, "do you remember Babri? "When they mean is that in 1992, Babri attribution of the cause of national unrest, led to more than 2000 people were killed.
The so-called double whammy, because of the global financial crisis has taken India suffered, in particular India pillar industry of services outsourcing. The first half of 2007, India outsourcing companies signed 48 main outsourcing contract, total amount of more than $ 5.5 billion, and the first half of this year but they only got 8 similar contract, only the total amount of us $ 767 million. Famous analysts Forrester predicted that United States financial services company in India's IT investments next year will be reduced 15% per cent.
But even if the encountered so many problems, decide, India remains the world's bright spot, is also developing speed to rival China's only State--in the past 3 years India's growth rate of GDP remains more than 9%, the figure drops to around 7% this year, although it may, but is still considerable.
China's current problems, no less. This year, China's GDP growth rate will be less than 10% for the first time, and may further down to 8% in the next year or so. From the beginning of November this year, when the Pearl River Delta and Yangtze River Delta of the hundreds of thousands of migrant workers returned home ahead of time, anyone can feel wrong with the made in China.
In the past, China is the factory of the world, India is the world's Office, they were carrying on the wave of global manufacturing and service industry transfer and became beneficiaries of the global division of labour, known as the Chindia. Today, they how to deal with this challenge?
Certainly, after the baptism of the financial crisis, almost all of Europe and the developed countries have negative growth next year, the global economy needs China and India to save, because only the two great powers can still be 7% of GDP growth. However, China and India has not only satisfied with the outside world upon their position, they are accelerated to enter each other's core areas, bid to become the all-powerful "global package". For example, is developing service outsourcing industry in China, Dalian City, and even has become a global centre for outsourcing the ambitious objectives set forth. India on the accelerating accumulation in high-end manufacturing capacity now notch in areas such as automobile manufacturing, pharmaceutical manufacturing. In China and India's eyes, the future may not have a separate factory in the world and the world of Office, and will be combined in all-round supplier.
Today, India around the "global contractor" Running out of time is just beginning, it must also be further upgrade as the spread of financial crises. With any luck, this may be a win-win war. "China and India competition in the two countries will bring more transnational corporations into the two countries, China and India enterprise will have more opportunities to replicate successful models of transnational corporations. Of course, we from India companies also learned a lot. "In BusinessWeek CEO at the annual meeting to be held a few days ago, Liu Jiren, Neusoft's Chairman and Chief Executive said.
If India enterprise has something special to be Chinese companies learn from, that's their unwavering determination of globalization. A recent example is India's largest outsourcing companies Tata Consultancy services (TCS) invested $ 500 million acquisition of United States Citigroup in India of all offshore business process outsourcing (BPO) business, which was exceedingly envy by some outsourcing companies in China. TCS currently has 4 global delivery centre in China, committed to developing Asia-Pacific market. In fact, the largest bank of has outsourcing part of their IT systems to TCS. At present, from United States income in TCS proportion of turnover is less than 50%.
Meanwhile, India business expansion in the manufacturing sector also did not stop. In March this year, Tata Sons subsidiary of another company Tata Motors company announced a $ 2.3 billion dollars acquired from Ford at the expense of the United Kingdom of luxury car brands Jaguar and Land Rover, it is said that United States subsidiary of General Motors, Hummer may also fall into the hands of Tata Motors.
It is said that when good global steel industry, has a large domestic steel companies have plan to buy the European steel giant asailuo, but because of indecision and let India people Mittal jump, many has been accelerating the internationalization of Chinese enterprises through the acquisition of foreign business is also underperforming. And Tata Sons, India than many Chinese enterprises still not globalization prepared. (Ji Yongqing/text)
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