Using the CAGE framework, identify and discuss factors described in this article that are supporting the development of manufacturing businesses in India. Which of those factors is most important to its future success?

Case Study Article: China Finally has a Rival on the World's Factory Floor

       

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THE WALL STREET JOURNAL. China Finally Has a Rival as the World's Factory Floor Companies look to find a backup for manufacturing and India is making its case By Philip Wen. Vibhuti Agarwalb and Greg Ip May 9, 2023 at 5:30 am ET Western companies are desperately looking for a backup to Chitheas world's factory floor, a strategy widely termed "China plus one." India is making a concerted push to be the plus one. Only India has a labor force and an internal market comparable in size to China's; India's population may be the world's largest, according to the United Nations. Western governments see democratic India as a natural partner, and the Indian government has pushed to make the business environment more friendly than in the past. It scored a coup with the decision by Apple to significantly expand iPhone production in India, including expediting the manufacturing of its most advanced model. Signs that India is changing are visible at the sprawling industrial parks in Sriperumbudur, a city in the southern state of Tamil Nadu. Foreign manufacturers here have long churned out cars and appliances for the Indian market. They're now being joined by multinational corporations making goods from solar panels and wind turbines to toys and footwear, all looking for an alternative to China. In 2021 Denmark's Vestas, one of the world's largest wind-turbine manufacturers, built two new factories in Sriperumbudur. Its six assembly lines now assemble hub cells, power trains and other components, stacked high in a storage yard to be shipped across the world. Forecasts that India would soon become the second-largest market for turbines sparked Vestas' expansion. But it was also a conscious effort to diversify away from China, which hosted the bulk of its regional THE WALL STREET JOURNAL. China Finally Has a Rival as the World's Factory Floor Companies look to find a backup for manufacturing and India is making its case By Philip Wen. Vibhuti Agarwalb and Greg Ip May 9, 2023 at 5:30 am ET Western companies are desperately looking for a backup to Chitheas world's factory floor, a strategy widely termed "China plus one." India is making a concerted push to be the plus one. Only India has a labor force and an internal market comparable in size to China's; India's population may be the world's largest, according to the United Nations. Western governments see democratic India as a natural partner, and the Indian government has pushed to make the business environment more friendly than in the past. It scored a coup with the decision by Apple to significantly expand iPhone production in India, including expediting the manufacturing of its most advanced model. Signs that India is changing are visible at the sprawling industrial parks in Sriperumbudur, a city in the southern state of Tamil Nadu. Foreign manufacturers here have long churned out cars and appliances for the Indian market. They're now being joined by multinational corporations making goods from solar panels and wind turbines to toys and footwear, all looking for an alternative to China. In 2021 Denmark's Vestas, one of the world's largest wind-turbine manufacturers, built two new factories in Sriperumbudur. Its six assembly lines now assemble hub cells, power trains and other components, stacked high in a storage yard to be shipped across the world. Forecasts that India would soon become the second-largest market for turbines sparked Vestas' expansion. But it was also a conscious effort to diversify away from China, which hosted the bulk of its regional

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The CAGE framework developed by Pankaj Ghemawat helps analyze the cultural administrative geographic and economic differences between countries to und... View the full answer