Politicians said that with our cheap labour, we could be competitive in the world. Nothing could be further from the truth. We were the most uncompetitive country with that cheap labour.

I am able to compete not because my labour is cheap, but because I can use technology better than others.

India is the most competitive manufacturing destination on this planet. If we are able to take advantage of that competitiveness for our domestic markets, this country would be humming with activity; industrial production will grow at 10-11% per year.

Which country in the world has the kind of talent India has in numbers?

The first reactions from Germany and German industry was quite negative. People right from the start were saying that we will steal technology and take it away and move the plant to India and use low cheap labor to compete.

We are working with the power industry all over the world. We are meeting customers in aerospace and getting them to tour our plants.