'Make In U.S. Vs Make In India Can Be A Win-Win'

NEW DELHI: Conflict of interest between US President Barack Obama’s pitch for Make in America and Prime Minister Narendra Modi’s Make in India may arise but a ‘win-win’ situation can be fashioned if manufacturers on both sides embed themselves in each other’s supply chains, according to Mahindra Group Chairman Anand Mahindra.

“The fact that there could be a conflict between the desire to Make in America and Make in India is a very real sort of possibility...You cannot pretend that the conflict may not arise. The question then is how does one fashion a win-win?,” Mahindra told PTI here.

Outlining the solution, he said one of the ways would be to take a sectoral approach. “In certain sectors it may make sense in Make in India approach and in others it may make more sense for Make in America,” he said.

Mahindra said President Obama had tried to create the “win-win situation” during his trip with his announcements of USD 1 billion dollar credit line for American companies exporting to India and USD 2 billion facility for financing renewable energy initiatives in India.

“In essence, he is financing Make in India. It was an attempt to fashion win-win by saying in this sector it benefits America, because American companies provide technology and American suppliers get into the market.

“This is one approach that you can be even handed and you say in this area ‘I am going to support Make in India, finance renewables here and the other I am going to make in the US. The key here is that the American suppliers will supply to renewables developers here.”

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