A few days back I had referred to China’s quality-related problems and whether this would turn out to be an opportunity for Indian exporters.
I believed at that time that it would take a few more months for the opportunity to emerge and that Indian manufacturers would have to work hard to be recognised as suppliers of quality products.
But according to this report in today’s Economic Times, global toy manufacturers and retailers have already started placing big orders in India.
Last week, Hanung Toys bagged a $150m order from Ikea and the company’s chairman and managing director is quoted as saying that there is a growing realisation in the West that Indian companies do not compromise on quality.
Do you agree?