Just remove bureaucratic compliance burdens, create the right policies, and make affordable capital easily available to entrepreneurs, and bingo! India can build almost anything.
What we need is freedom to do business without interference from local politics, strong law and order, and an agile, accountable judiciary and police. Give entrepreneurs a predictable environment, access to capital, and the freedom to execute, and Indian enterprise will do the rest.
Electronics and space sector is a good example to emulate!
China has a long history of repatriating Chinese origin scientists and techies from top US and EU stations.
They do this with carrot and stick.
Carrot is govt support and financial reward.
Stick is gentle threat of marginalisation against family members who still live in China