Grey market can scupper ‘Make in India’
Illegal products have flooded markets such as liquor and hand-held devices, thanks to a perverse tax structure
In the context of ‘Make in India’, the current emphasis is on turning India into a manufacturing hub and seizing the opportunity arising out of the slowdown in China. Indian companies should be encouraged to build strong intellectual property and invest in R&D.
A country that can assure potential investors of a reasonable level of return is able to attract investments. It should also ensure that the integrity of the investment is protected. In other words, apart from infrastructure and a hassle-free environment, one needs an administrative set up to check illicit market operations. Read More…