I once again thank ASSOCHAM for inviting me to this Summit and giving me an opportunity to share my thoughts on the theme of the Summit. I note that the technical sessions to follow will be focusing on related sub-themes such as financial inclusion, reforms and the emerging regulatory framework.
Many of the remaining U.S. plants produce more specialized products, which tend to require more specialized labor and have lower productivity growth. 4 The motor vehicle industry has mostly defied this trend of offshoring final production. The U.S. motor vehicle industry still produces more than 10 million vehicles a year and employs 1 million people at assembly plants, labs, and suppliers.