They may take heart from Whirlpool s emergence from five red years and capture of 27 per cent of the washing machine market. Other multinational companies are also strengthening their manufacturing and research base in India. Indian companies are following them falteringly. Electronics major Videocon has taken the lead by launching the world's first internet television in Kolkata. The difference is that China is Videocon's major production base with some manufacturing at Kolkata.
Nothing beats multinational investments, though.
This, to an extent, gels with the FDI theory of ATKearney that India is the 4 th hottest destination. Yet, Kearny s FDI projections may go awry and Hitachi or Samsung's endeavours may not bear fruit unless there is an absolute increase in the size of the consuming class. No class can ever have such wide variation. No middle class can be so stretched. Aqua Minerals Ramesh Chauhan has a better definition of it.