The distinction is one made by Baba Kalyani, who runs another highly successful Pune-based manufacturer, Bharat Forge.

ECONOMIST: Few hands make work light

Local firms, such as Bharat Forge, have been shedding unskilled labour, investing in technology and building brands and distribution overseas.

ECONOMIST: Manufacturing in India

In 1989, he changed Bharat Forge's business model, investing in brand-new facilities and new technology, some of it developed in-house.

ECONOMIST: Few hands make work light