No business discussion is possible these days without bringing India and China into the discussion in terms of effect of or on one of the two countries. Latest increase in coverage of the business happenings in India and China confirms the viewpoint. Yesterday's story was amazing! India successfully launched 10 satellites with one rocket. One one side it proves the technical provess of the country, on the other side it is interesting to find out that 8 of the 10 satellites launched belonged to countries like Canada, Japan, Germany etc. And India changed $6 million for one, that is $48 million straight!
It is not a new news that launching sattelites is becoming a lucrative market. But there are very few countries who have the launching capability. India has the cost advantages on its side as it has ample supply of "cheap labor" which can successfully design and launch satellites. Isn't the last statement self-contradictory? Cheap labor and satellite design seems like opposite ends of a pole. What's bringing them together in case of India? Looks like soon the discussions on blogs will replace "cheap labor" with "highly educated work force". It will be interesting to see how the story unfolds after the already proven trackrecords in IT, Space Technology, and Bio-Technology. What's next?
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