Hi Friends,

Even as I launch this today ( my 80th Birthday ), I realize that there is yet so much to say and do. There is just no time to look back, no time to wonder,"Will anyone read these pages?"

With regards,
Hemen Parekh
27 June 2013

Now as I approach my 90th birthday ( 27 June 2023 ) , I invite you to visit my Digital Avatar ( www.hemenparekh.ai ) – and continue chatting with me , even when I am no more here physically

Sunday 12 February 2012

CHINA GROWTH STORY


Writing in Times of India ( 03 June, 2012 ), Subodh Varma provides following 

statistics about the city of Chengdu in China :


Ø  Incentives for attracting Industries from all over the Word


*  Electricity  ………………………..      $  0.13  per Kwh


*  Water  ……………………………..       $  0.70  per Cubic Meter


*  Freight  ( to Europe )……………… $  4.0   per Kg (by Air )


*  Rent ( for Workshops )…….       $   2.9  per Sq Meter


*  Rent ( for Software Park )..      $  8.0  per Sq Meter


*  No of Highways connecting..     8


*  No of International Flights….     129  per  day


*  Wages for Unskilled Worker..    $ 145  per  month


*  Wages for High Skilled Worker..$ 580 per  month


Ø  Outcome

·        207 of the Fortune 500 Companies have facilities in Chengdu

·        Every 2nd laptop and every 5th PC in the World ,is running on a chip processed in Chengdu

·        Concentration of heavy precision industries

·        Top Nuclear and Missile Research Centres


Ø  Wage Comparison ( for low skilled new entrant )

·        India  …………………………..  $  90  per  month

·        China  ………………………….. $  145  per  month

·        Japan  ………………………….  $  937  per  month

·        France  ………………………..  $  1734  per  month

·        USA  …………………………….. $  1740  per  month


For policy-makers of both, the Eurozone and India , there are here , a lot of lessons to be learned ! They have lived in denial for too long !

With regards

Hemen  Parekh

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