[kictanet] Emerging Trends - India adopting National Champion policy to accelerate growth of indigenous industries

[Patrick A. M. Maina]

It's a proven mid-term strategy for stimulating rapid industrialization and international competitiveness of indigenous industries: 
"National champions are promoted for the purpose of job creation, technology and skill acquisition, and building competitive advantage. [Example:] 98 of the Chinese companies listed on the Fortune Global 500 list are state owned, including China’s 12 largest companies. Through government policies targeting the SOE sector, key companies have grown drastically in size to now be among the largest companies globally." - Foreign Policy Journal 
(Link: China’s National Champions: State Support Makes Chinese Companies Dominant | Foreign Policy Journal)

| 
| 
| 
|  |  |

 |

 |
| 
|  | 
China’s National Champions: State Support Makes Chinese Companies Domina...

China's efforts to centrally plan the economy make it difficult for foreign companies to enter the Chinese marke...
 |

 |

 |



"National champions have an inherent multiplier effect that politicians can leverage, for instance to create domestic jobs or increase wages. They often create so-called national brands – an extension of the national champions themselves. These brands also benefit from government lobbying, as Airbus did during French President Emmanuel Macron’s visit to China in January 2018, during which the Chinese government signalled an interest in buying 184 Airbus jets.

Traditional strategic sectors include homeland security and defence companies, utilities (power generation companies), telecommunication service providers and key manufacturing industries, while technology and healthcare are new entries to that list." - World Economic Forum (16th Jan 2019)

(Link: A multipolar world brings back the national champions)


| 
| 
| 
|  |  |

 |

 |
| 
|  | 
A multipolar world brings back the national champions

Strong national consumer brands stand to benefit from greater demand from domestic consumers
 |

 |

 |



New Delhi (31st Jan 2019): "The Prime Minister’s Office (PMO) has asked government departments and public sector units to avoid choosing foreign products and brands at a time when the government is trying to boost domestic manufacturing through PM Narendra Modi’s flagship ‘Make in India’ programme launched at the start of his tenure."

“Our concern is Make in India. We want progressive, continuous increase of indigenous components in products procured by us.” - Nripendra Misra (principal secretary to the India's Prime Minister) 



PMO tells departments, PSUs to pick ‘Made in India’ products

| 
| 
| 
|  |  |

 |

 |
| 
|  | 
PMO tells departments, PSUs to pick ‘Made in India’ products

“Our concern is Make in India,” Nripendra Misra told ET. “We want progressive, continuous increase of indigenous...
 |

 |

 |





-------------- next part --------------
An HTML attachment was scrubbed...
URL: <https://lists.kictanet.or.ke/pipermail/kictanet/attachments/20190131/4ae56e76/attachment.htm>