Monday, February 14, 2011

Pratt and Whitney selling out to India

http://www.reuters.com/article/2011/02/08/unitedtechnologies-india-idUSSGE7160CJ20110208

"Quality has always been a big issue in aerospace parts manufacturing in India," Saxena said.
"We are working to bring the suppliers up to speed with our standards."

Translation - They manfacture total crap, However the crap being manufactured is so cheap we can't fail to use it

"In 2009, India introduced a new rule that made it mandatory for foreign defense firms to buy 30 percent of their equipment from local firms to boost the domestic defense sector. India is now looking to raise that figure to 70 percent within a decade."

Sounds like Protectionism... You can't have protectionism is a global economy. Protectionism is bad. Interesting when The State Of Ohio passed a law saying American workers had to be hired over India workers, our friends in India had a temper tantrum. But when India wants to do the same thing, it is A OK. Indian protectionism is fantastic. American protectionism must be stopped.

http://www.hindu.com/2010/09/21/stories/2010092163981900.htm

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