It is a much-known fact that India is amongst the biggest manufacturers in the world, with clocking a year on year industrial growth of a little over six percent. But, there is another achievement that it has added to its kitty, being the biggest exporter of corrugated Box making Machines.
As you guys may already know everything that goes into making a corrugated box making machine, and the fact that they are basically machines which produce the ever present packaging boxes.
What makes it the biggest exporter?
Firstly, it could be the cheap availability of the raw materials that goes into creating such machine. Due to the manufacturer’s closeness to the raw material producing plants, getting your hands on the materials may cost you less, transportation wise.
Secondly, another reason could be the cheap availability of labor, it is much to the dismay of the government that even after setting up stringent labor laws in the guise of the minimum wages act, these rules are flouted with impunity. And, the laborers are made to work in horrible conditions and are paid pennies for the work derived from them. Here is a video outlining the cheap labor available in India.
Thirdly, due to the stringent competition that the country faces in this industrial sector, the product has to be priced competitively, this price may, in fact, be way lower than international prices, this would result in all the customers buying it from Indian firms.
Fourthly, Quality could also be the reason behind such a tremendous growth, the saying “bang for the buck” may be well applicable in such a condition, if you sell a product cheaper than the competition and also make it well, you would have hordes of people trying to buy it!
Fifthly, the prices may also be low due to the mass production value of the product in India, if we are to coalesce all the above factors and take them into consideration as one like cheap labor, raw material availability, easy transportation then the machines could be produced at a rapid pace, more the machines the higher the money earned! It’s as simple as that.
India isn’t known the world over for its industrial prowess as compared to other mega developed nations, it is hard to believe for the people that Indians could do anything other than BPO jobs, but, turns out they are in fact great at producing corrugated box making machines. As they say, you learn something new every day no matter how trivial, there you have your nugget of information for today, have a pleasant day!