Will we ever touch them

For the last many years I had been under the impression that the biggest competition for my business comes from China but this trip has really changed my prospective. LNM is presently making products for all the top OEM companies in Mining & Construction supplying products all across the globe. Couple of year back I used to listen from my customers that we are expensive then China etc but lately nobody was saying this. Now I realise that the chinese companies have taken a massive jump are not even competing with us but have gone a step further and were competing with my customers infact. There was this huge river basin project which all my customers had bid for and I was working closely with two of them as a potential partner. This was a huge project for all these companies and obviously LNM. Every body had jacked up their capacity with huge investments to cope up the demand. And you know what the whole project has been given to a chinese company and the millions that these bigger players had invested in the project has just been a huge loss. What do the chinese do that we dont? Can we ever reach the levels that they have created for themselves. The Olympics have been an eyeopener for the world about what China can do. The amount of money China is spending on infrastructure is mind boggling. 45% of there GDP . No country has ever done this. It is being said that by 2025, Sanghai will have more than 50000 skycrappers ie equivalent of 10 New York cities. China is doing in decades what the west did in centuries. I believe the democratic system in India or say other countries increases the cost and delays to projects. But then their system of government increases privilege, corruption and special interest group. This results in major failures. The recent episodes with lead in children toys or the presently going on news on contaiminated milk causing numerous deaths of children are a testimony of damages the chinese system does. But then the positives are more than the negatives. And China is taking massive steps to cut down on these failures. Their growth rate is really gravity defying growing more than 10% for last 15 years or more which is a dream for the rest of the world. The fastest train in China takes just over four hours for the 800 mile plus Sanghai- Beijing journey. By 2020 they have planned to have as many airports that each citizen will be living within 60 miles of an airport. By this year China will have around 40000 miles of expressway, India does not even have 1000. If you have been to London and seen the London Eye, china is building something similar in Beijing which will be almost twice as bigger than London eye. What are we doing? Fighting for land in Kashmir, intelligence fails to unearth the terrorist bombings which is such a casual phenomenon and topic of the kitty parties – where next? We are so much busy in our caste system and reservations that we burn public property some where every day. I have been trying to get my name in the voters list for three years but still have been unable to do so despite efforts. Wake up India. Brand India has more pluses than China in the world as a brand which can be trusted. But why there are no efforts to grow on it? I will certainly try to understand China very closely when I travel there in November end.

September 12, 2009

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