NEW DELHI: India has the potential to surpass even China in low-cost manufacturing if the government and industry work in a cohesive manner, Maruti Suzuki India NSE 0.59 % (MSI) Chairman RC Bhargava said on Thursday. Bhargava also said the government should focus on increasing the competitiveness of the Indian industry.
"India has the capability to become a lower cost country than China if the industry and the government work together," Bhargava said.
He was sharing his views on making Indian manufacturing globally competitive at an online event organised by the All India Management Association (AIMA).
Bhargava said the only objective of government policies should be to increase the competitiveness of Indian industry so that it can make things at the lowest cost along with the best quality in the world.
"The more the industry can sell, the more jobs will be created in the economy," he noted.
Bhargava pointed out that creating jobs across sectors was important for the overall growth of the economy.