Indian economy has made significant progress over the last few years, with the gross domestic product (GDP) growing at an average rate of 5.3 per cent. The country is the world's third largest economy in terms of the purchasing power parity (PPP) and has investments amounting to nearly a trillion dollars lined up in partnership with the private sector in the coming years. Manufacturing, as an industry segment, is a crucial cog in the wheel of progress and has largely insulated the Indian economy from a future global turmoil; thanks to its innovation-driven orientation. The Government has also ensured a suitable manufacturing eco-system for domestic and international majors by strengthening the sector in every possible way.
India's manufacturing sector is poised for immense growth in future owing to its eminent talent pool in science, technology and research. In India, manufacturers are confronted with high cost of capital, unfavourable currency impacting imports, flat demand, and threat of China imports on the back of huge capacities created by the country and so on. Adding to this is the cost of infrastructure elements, unfriendly environment and limited strategic options.
Our professionals have worked with manufacturing companies in different functions and therefore bring practical insights. They understand the challenges confronting the current day manufacturing companies. We serve clients in a number of sub-sectors in manufacturing such as Apparels, Auto Components, Metals, Footwear, Seeds, PVC Components, Rice, Cement, Ceramic Sanitary-ware, Paper, Process Chemicals, Textiles, Electricals, Corrugated Boxes, Ghee, Tea, Milk Products, Wire, Springs, Adhesives, Bakery Items and Bakery Equipment among others