Comments by "Rutvik" (@rutvikrs) on "As Foxconn-Vedanta deal snaps, a look at semiconductors u0026 'design giant' India’s 40-yr chip struggle" video.

"If my grandmother had wheels, she'd have been a bike"
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Why do you still want R&D investments? Why are people still stuck in the Rajiv Gandhi- Pitroda era?
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Same story for 3 decades now. "Invest into education so that we invent our way into first world status". Where is the complex demand for the specialised labour?
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@joestein1988 why does everything stop at people, their education and skills? My skepticism is not directed at them. My assessment on why it failed: 1. Lack of privatisation and market readiness. The years before the fire were not exactly profitable. 2. Lack of strategic investment into global supply chains of rare earths, industrial capacity and integration(vertical/horizontal). 3. Lack of merit/hustle culture especially lower down the chain. Instead we have an entitlement culture across the board. 4. The reason the west "invests into people" is they have spare resources and capital. We don't and East Asia still does not. So focus efforts on creating cost competitive medium and low wage worker base instead we focused on top talent which did not have factors to succeed and ended up migrating. 5. Adani producing ultra pure Si ingots at scale is a landmark for our country. You will find more detractors for this news than support. (This enables us to establish supply for fabs and startups with cost advantage over SEA and EA. But is this even in the news? Even godi media? NDTV?)
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@jkardez4794 the problem is you don't want learn from the past or understand the reasons why it won't work in India as things stand. If you want to, let me know.
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@navdeepsugandhi6476 1. We skipped manufacturing. Manufacturing today has low returns but the point of it is to create an industrial society. A society of electricians is more likely to subscribe to complex services and engage in complex consumption. Further you create a network of companies, institutions and individuals that is constantly seeking backward/forward/parallel integration. Ex Asian paints has knowledge and physical infrastructure of indigenous production of paints, global logistics of materials/capital, a mixed workforce of low-high level expertise and 50 years of data. This enables them to successfully launch a complex product like interior design and gives them a base for future integration like getting into manufacturing of painting tools, proprietary patents in materials, cost competitive global painting services etc. 2. We instead focused on secondary education. We are already creating global level talent in every field from mathematics to mechanical engineering to social science when there is no native demand in India for these fields nor the global logistics to obtain cobalt from centa Africa/mentorship from the EU. It is simply easier for this class to migrate to places which have capital/logistics to fund them. A personal anecdote, I helped a student of Nuclear medicine get a research job in Japan which simply does not exist in India. The person has filed for 3 patents. What will happen to the Indian public investment made into the person? The problem with remittance is that it will be pulled out when the parent passes away. Real estate/ market investment will be liquidated. 3. The answer lies in a slow boring phase of two decades of making India into a low level manufacturing hub, using the profits to invest into global networks and international assets much like the Chinese in the 90's and then using the international assets to invest into HDI and R&D. Doing the latter first is like making tadka without the dal.
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@vizmouli 1. India did not attract investments due to engineering talent. It did so because of cost. There was no concerted effort or retooling to produce engineering talent in software either. 2. Since you may not have had the privilege of seeing East Asian tigers, Bangladesh is developing right in front of your eyes. What is generating value? Is it textile workers producing volumes or education? 3. Indian workers are pretty bad, but so are the Chinese, African and any workers in that income profile. What they do really well is project a positive image especially into the anglophone world. China has had horrendous industrial accidents every week for the past 3 decades, we only get to see a tiny sliver of it.
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@indian9632 rare earths which are profitably minable ARE rare.
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