India is determining the path of development. When we wish for success and want to move forward, we look at the successful people near us, learn from some successful people. On the same lines, a businessman from India has now attracted attention to the city of China. Mahindra Group Chairman Anand Mahindra has given India an example of a city in China. Posting on social media handle X, he said, now the time has come to make a city like Shengen in India too.
On hearing the name of this city, it must have come to your mind that what is this city of Shenzen, what is special that there is a wish to make a city like there in India. Let’s read the story of Shengen’s success and see how a fishing village became a global hub of technology and innovation.
Story of success of Shengen city
Shenzen in China has emerged as one of China’s most prominent export powerhouse. It would not be wrong to call this city the hub of China’s electronics sector. It is often called the Silicon Valley of China. The policies of the government have changed it as a global hub of technology and innovation. The city is the fastest and best ecosystem in the world for hardware development in this city. It has gained global recognition for this success.
The reason for the rapid success of this city towards success is that it is close to Hong Kong. Foreign investment has also come in this city rapidly. In today’s time, Shenzhen works as a headquarters for many big technology firms in China, including telecom giant Huawei and electric vehicle manufacturer BYD.
Its time for a shenzhen equivalent city in India.
– Anand Mahindra (@anandmahindra) April 12, 2025
Understand why Shenzen is special in 5 points?
- Shenzen is known as the world’s largest electronics manufacturing hub. Many types of electronic gadgets are manufactured here from mobile, laptops and drones.
- The city has a great ecosystem for hardware development.
- The city is very close to Hong Kong, due to which its international trade and investment are also very strong.
- It is one of the richest cities in China.
- Here foreign investment and rapid industrialization have been promoted.
Used to hold fish at one time
The city of China, which stands as an example for the whole world by becoming an electronic hub in today’s time, was far away from development at one time. Shenzen used to be a small fishing village. Shengen’s luck in 1980 when it was named China’s first special Economic Zone. Its proximity to Hong Kong has made it a manufacturing base, creating a “front shop, back factory” model that promoted foreign investment and rapid industrialization here on a large scale.
One of the rich cities
By the middle of the year 2000, manufacturing in the city’s GDP contributed more than half, but Shenzhen did not stop here, his path to progress was still left. In the year 2006, the Chinese government gave priority to high-tech development and local innovation, which increased research and development expenses. The report said that in today’s time, Shenzhen is a $ 500 billion economy, which is mainly operated with the help of high tech exports. Out of its 17.8 million residents, more than 65% are migrants.