15% minimum value addition in steel pipes-II: Will Make in India work?
Jul 07: If Make in India slogan is converted into a value addition business along the lines of the recent steel ministry directive, how will the Indian economy fare? 8There will clearly be a cost as well as a benefit to it 8While domestic value addition is done, will it come at the cost of quality or price? 8If the overall cost to the economy, sometimes in terms of higher cost of materials or lower quality, is taken into account as a result of value addition, how will the arithmetic work? 8Is value addition a hark back to the indigenization effort during the pre-liberalization era, when India was starved of foreign currency? Click on Report for more.