Or maybe India does not want to bleed billions away with barely anything to show for it (Yes, they get the infrastructure, but the tech is proprietary and foreign and potentially an endless drain)
Instead they try to develop inhouse production that they own and have to cover the initial capital costs.
There was a theory in ~19th century that Portugal/Spain trading wine for machinery from Great Britain mean it was equal to growing said machinery on fields - Britain shot away technologically and that was that.
(I can't find the name of the theory though :/)
You are thinking of Ricardo's Comparative Advantage; and it is a little more complex than that they got machines: they traded for cloth, which was made with machines that the British then spent the time to improve and learn from, giving them eventual advantages in numerous other fields.
> Instead they try to develop inhouse production that they own and have to cover the initial capital costs.
Then provide tax credits and advantageous financing. A local content minimum insures that the local industry faces no incentive to become competitive and is simply a sinecure for well connected and politically powerful industrialists.
Instead they try to develop inhouse production that they own and have to cover the initial capital costs.
There was a theory in ~19th century that Portugal/Spain trading wine for machinery from Great Britain mean it was equal to growing said machinery on fields - Britain shot away technologically and that was that. (I can't find the name of the theory though :/)