India needs concerted industrial policy: Dell

Jan 10 2012, 01:35 IST
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SummaryIndia can expect an investment boost in the manufacturing sector if it puts in place a concerted industrial and investment policy and a stable tax regime, Michael Dell, chairman and CEO of IT major Dell Inc, said

India can expect an investment boost in the manufacturing sector if it puts in place a concerted industrial and investment policy and a stable tax regime, Michael Dell, chairman and CEO of IT major Dell Inc, said here.

“China has done a great job in manufacturing,” Dell said at an interaction hosted by the Confederation of Indian Industry (CII) here. “China has an industrial policy for manufacturing factories which is really missing in India.” India has certain strengths like software and services talent and language skills which China did not have; similarly, China has certain strengths which (India) did not have, he said.

India faced challenges around infrastructure, social infrastructure and a stable tax regime, he further noted. India needs a concerted industrial policy around manufacturing, which include infrastructure, stable tax regimes and an “investment policy to really challenge China...”, he added.

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