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 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 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 division is growing by leaps and bounds. Bangladesh has the second position in the textile industries 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 nuke deal with the United States contributes only 50% of the electricity requirement of the country. A shortage of power supply coupled with a deteriorating industry are the two main challenges for the next 10 years.
To begin with, the government needs to form a planning committee to plan and strategise a 10 year plan, which will illustrate a robust model with all the policy changes required, to achieve our target of increased growth in these two departments. Furthermore, entrepreneurs need to be innovative in approach and find the path-breaking ideas to solve the energy and manufacturing crisis. For instance, States can introduce tax holidays for companies involved in producing renewable sources of power and also provide state-of-the-art infrastructure like China.
In conclusion, many countries are facing difficulties in the areas of environment, education and population. Nevertheless, the energy and manufacturing industries are other areas of concern for the upcoming decade. However, this essay suggested that by encouraging businesses to innovate and the authorities to implement policy changes to support the cause only can we overcome the challenges.
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
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
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
division is growing by leaps and bounds. Bangladesh has the second position in the textile industries 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 nuke deal with the United States contributes
only
50% of the electricity requirement of the
country
. A shortage of power supply coupled with a deteriorating industry are the two main challenges for the
next
10 years.
To
begin
with, the
government
needs to form a planning committee to plan and
strategise
a
10 year
plan, which will illustrate a robust model with all the policy
changes
required, to achieve our target of increased growth in these two departments.
Furthermore
, entrepreneurs need to be innovative in approach and find the path-breaking
ideas
to solve the
energy
and
manufacturing
crisis.
For instance
, States can introduce tax holidays for
companies
involved in producing renewable sources of power and
also
provide state-of-the-art infrastructure like China.
In conclusion
,
many
countries
are facing difficulties in the areas of environment, education and population.
Nevertheless
, the
energy
and
manufacturing
industries are other areas of concern for the upcoming decade.
However
, this essay suggested that by encouraging businesses to innovate and the authorities to implement policy
changes
to support the cause
only
can we overcome the challenges.