India’s difficult business environment is improving

Ramesh Muthuramalingam founded Alphacraft, a manufacturing firm, 25 years ago in a small workshop in the southern city of Coimbatore. It now operates out of a 4,500 square-metre (50,000 square-foot) factory, piled with aluminium cast parts. It employs 400 people and will soon open a second facility of similar size. Customers include Indian startups, notably Ola Electric, a fast-growing local scooter manufacturer, and global companies including Britain’s Aston Martin and America’s John Deere.