Industry Experts

The manufacturing sector of India is re-emerging as the backbone of the Indian economy with the recent budget giving a renewed thrust to Manufacturing through Atmanirbhar Bharat .  India has for many years been a favorable choice for most foreign companies due to its cheap labor costs, huge domestic market besides attractive government incentives. Major companies have considered shifting their manufacturing base in India due to the favorable and growing market demand and extensive support from manufacturing consultants in India . Among the countries in the world that are likely to make more progress in the manufacturing sector, India is at forefront of the race and most certainly offers a cost-effective manufacturing base compared to other countries.   India is the world’s 6th largest economy with a GDP of USD 2.3 trillion and has the potential to reach USD 8.4 trillion by the end of 2030. The manufacturing sector in India currently accounts for nearly 17% of India’s GDP...

Every product that we use undergoes an arduous journey through a variety of processes from being a raw material to a finished product ready for commercial usage In the course of this process, there is the involvement of substantial multiple resources of which one major activity lies in the sourcing of all the raw materials and components required for the manufacturing process. Manufacturing involves a complex process that brings together men, machines and materials in a proper and systematic manner that can provide the desired result. But for a company to gather all the resources single-handedly is a complex and arduous and lengthy process. The difficulty level increases when an offshore organisation seeks to establish a manufacturing facility in a foreign nation. Finding local suppliers of raw materials, machinery and components and specialist erection and commissioning engineers and operations personnel to set up and run the manufacturing unit is a tedious process and requires specia...