Environmental concerns are not the only problem countries around the world will be facing, but they will also be followed by education and population-related matters. Our country India, will face challenges in the manufacturing and energy sector apart from the above-mentioned issues. To overcome these upcoming travesties, we have to plan a robust process and bring about a change in government policies. This essay will discuss the problems in depth and suggest a possible solution.
With the help of cheap labour and infrastructure, China's manufacturing sector is growing by leaps and bounds. Bangladesh has the second position in the textile division and it is growing by 10% each year. This is a big threat to the Indian manufacturing houses, as it may not be able to compete with its neighbours. To exemplify, 30% of the multi-national corporations preferred to have a base in China as compared to India, as it has better infrastructure and logistical facilities. Additionally, the energy crises in India are ever-increasing, since the nuclear deal with the United States contributes only 50% of the electricity requirement of the country. A shortage of power supply coupled with a deteriorating manufacturing sector will be the two main challenges for the coming 10 years.
To begin with, the government needs to form a planning committee to plan and strategise a 10 year program, which should include a robust model to compete with other nations. Furthermore, entrepreneurs need to be innovative in their approach and find the path-breaking ideas to solve the production and energy crisis. For instance, the sovereignty can introduce tax holidays for companies involved in producing alternate sources of energy, whereas for industries, it must create a state-of-the-art infrastructure to lure other nations to start their production units in India.
In conclusion, many countries are already facing difficulties in the areas of environment, education and population, but India will have the energy and manufacturing industries as well to worry about in the upcoming decade. Thus, this essay suggested that encouraging businessmen to innovate and the authorities implement a competitive plan of action were the ways to overcome the challenges of the future.
Environmental concerns are not the
only
problem
countries
around the world will be facing,
but
they will
also
be followed
by education and population-related matters. Our
country
India, will face challenges in the
manufacturing
and
energy
sector apart from the above-mentioned issues. To overcome these upcoming travesties, we
have to
plan a robust process and bring about a
change
in
government
policies. This essay will discuss the problems in depth and suggest a possible solution.
With the
help
of
cheap
labour
and infrastructure, China's
manufacturing
sector is growing by leaps and bounds. Bangladesh has the second position in the textile division and it is growing by 10% each year. This is a
big
threat to the Indian
manufacturing
houses
, as it may not be able to compete with its
neighbours
. To exemplify, 30% of the multi-national corporations preferred to have a base in China as compared to India, as it has better infrastructure and logistical facilities.
Additionally
, the
energy
crises in India are ever-increasing, since the nuclear deal with the United States contributes
only
50% of the electricity requirement of the
country
. A shortage of power supply coupled with a deteriorating
manufacturing
sector will be the two main challenges for the coming 10 years.
To
begin
with, the
government
needs to form a planning committee to plan and
strategise
a
10 year
program, which should include a robust model to compete with other nations.
Furthermore
, entrepreneurs need to be innovative in their approach and find the path-breaking
ideas
to solve the production and
energy
crisis.
For instance
, the sovereignty can introduce tax holidays for
companies
involved in producing alternate sources of
energy
, whereas for industries, it
must
create a state-of-the-art infrastructure to lure other nations to
start
their production units in India.
In conclusion
,
many
countries
are already facing difficulties in the areas of environment, education and population,
but
India will have the
energy
and
manufacturing
industries
as well
to worry about in the upcoming decade.
Thus
, this essay suggested that encouraging businessmen to innovate and the authorities implement a competitive plan of action were the ways to overcome the challenges of the future.