By the seems to be of it, Prime Minister Narendra Modi’s manufacturing drive is on the up, with all the trimmings of imminent success.

Multinational firms and long-term overseas traders like private equity giant Blackstone Inc. have their sights on India. The not too long ago unveiled national budget boosted capital spending by greater than anticipated, including to the thrill. With a host of subsidies and sweeteners, electronics companies like Apple Inc. and Samsung Electronics Co. are making massive commitments to the nation.