India can replace China as 'world's factory' if government undertakes these 4 reforms Skill upgrade in the labour sector coupled with land, tax and legal reforms will give a big boost to manufacturing and infrastructure, says Amit Jain of Ashika Group. Sunil Shankar Matkar January 07, 2021 / 12:32 PM IST For Amit Jain, Chief Strategist-Global Asset Class at Ashika Group, 2020 was not all gloom and doom. It was and continues to be a big opportunity for India to replace China as the “world’s factory” but for that, the government will have to skill the labour better, while ushering in land, legal and tax reforms, says Jain