India: Still in China’s LCCS Shadow, but for how Long?

The more I talk to companies doing business in India, the more the Asian giant appears to be catching up with China from a global export perspective. No longer just an LCCS bastion of call centers and software developers, India is increasingly supplying complex industrial and electronic components to the world's largest companies. A recent article in Business Standard notes that "LG Electronics India Ltd is planning to increase its local sourcing of components for its made-in-India GSM handsets from the current 20 per cent to 50 per cent by the end of this year with component manufacturers from Korea, Taiwan and Europe setting up plants near its Ranjangaon plant in Pune ... [until] a month ago, a company official admits, the company was simply assembling GSM handsets as all components were being imported from Korea."

Jason Busch

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