India set to become global manufacturing hub - Lord Pual
Lord Swraj Paul foresees India becoming a hub for world manufacturing industry in the near future and said that his USD 1.5 billion Caparo Group remains very bullish about India.
Lord Paul chairman of the Caparo Group He said that "We think India will become the hub for world manufacturing industry, which is why we are going in that direction."
Lord Paul said that "At the moment, we are very bullish about India, which is changing very fast and has started enjoying globalization and the benefits from it. Three years ago, we began investing in India in a big way. We now have 16 facilities in operation, with another 16 being built which will be ready by 2008-09."
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