The Chinese Racing To Ride The Bio-Tech Wave

Vivek Bharati, advisor to FICCI(Indian trade body) after visiting five Chinese cities and traveling on the Chinese expressways and view of the countryside finds very high determination in china to leapfrog into hi-tech industries and dominate the global market for knowledge products. He finds the visual impact of chinese cities and the sheer scale of economic activity and construction are mind-boggling. Beijing seems to have more high-rise buildings than entire India and the infrastructure and facilities seem as good as any in advanced countries. Shanghai is even more impressive. Hundreds (or thousands) of high-rise buildings glowing amidst a huge web of four to five-storey roads that make the city seem like a readymade studio for Star Wars. Every single km on either side of the expressway was dotted by huge cranes that showed the rapid spread of new economic activity on a gigantic scale. Hundreds of villages along the expressway looked much cleaner and picturesque and with better amenities than Indian villages. Large-scale construction and spread of new settlements and factories are diversifying the economies of these villages, that are also benefiting from huge urban markets, The Chinese aware of the limits to pursue mass manufacturing now understand that the organisations and companies must move towards creating leadership in creating and mastering new technologies and are heavily investing in these areas. Convinced that the IT software lead has been surrendered to India, they are moving fast to catch the bio-technology wave with very concerted efforts. India while having natural advantages in this bio technology space and hoping to capitalise on the next wave of outsourcing, suffers from a slow progress in this space, with limited instituitional support coming forth..

Category : China