How to be a Manufacturing Power House
The central tenet that drives economy of a country is its manufacturing prowess. However, what are the factors that promote manufacturing in a country and what China has done to be the center of manufacturing?
The major factors that help to be manufacturing hub are:
• Favorable demographic environment
• Availability of skilled workforce
• Strong domestic demand
• Apt technical and engineering skills
• Research and development centers
• Relatively cheap labor At on
