Jun 21 2011
In an interesting example, the Japanese car manufacturer, Nissan, have one of their biggest factories in India. The cars are exported from India to locations all over the world.
Nissan is only one of a number of major Asian companies that are using India as a manufacturing hub with Hyandai, Mitsubishi and Samsung also having facilities there.
Nissan’s Managing Director, Kiminobu Tokuyama says “India is a rapidly Growing Market, so therefore is very important for global auto manufacturers.” He adds “We are also exporting our products from India to Europe, Africa, Middle East and other places.”
But India indeed has a long history of manufacturing. Sundram Fasteners, which produces auto parts and supplies for clients such as Chrysler and Ford, opened a factory in China 6 years ago, and have begun making profits.
In the past, it has been the West that has done business with India, the rest of Asia seemed to not want much to do with it. The West has been trading with India since the 1990s, but recently India’s attention has turned East. It seems that India and Asia have a close future together.
With such fast developing economies, it seems this will be a powerful partnership that could determine the way of the global economy.
What this means for jobs
This budding special relationship between India and the rest of Asia is likely to generate more jobs across the Emerging Markets and Asian nations.
Increased trade will lead to further growth of the manufacturing industry in India, and providing operating costs remain low, manufacturing hubs such as the one ran by Nissan are only likely to increase. This will lead to an increase in executive level jobs in setting up and running operations, and handling exportation of the goods.
As a result, more executives are likely to consider relocating to India, and as recently documented, Indian executives working abroad are increasingly returning home.
Find out more about the executive job market in India.
This article was written by Bella Barda, Emerging Markets Assistant from the Association of Executive Search Consultants (AESC).
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