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THE MANUFACTURING INDUSTRY IN INDIA HAS poignantly grown over the decades, witnessing a series of transitions through the socio-economic and political corridors of the country. Turning a corner after liberalization in the early-90s, the Indian manufacturing industry is today a globally competitive behemoth, powered by solid capacity expansions and multidisciplinary investments.

Strong domestic demand, a growing middle class and a high rate of return on investments are among the factors that make India a credible manufacturing investment destination. The country’s manufacturing prowess has been further fuelled by the government’s innovative initiatives such as Make in India, Smart Cities and Skilling India.

Having emerged as a high growth sector, India is expected to become the fifth largest manufacturing country in the world by 2020. Against this backdrop, global manufacturing giants like GE, Toshiba and Boeing are in the process of setting up manufacturing plants in the country, even as existing players are expanding capacities and operations.

With India on the path to becoming a leading manufacturing hub, there are several imperatives that drive this growth and help maintain the momentum. With singular manufacturing units adding up to make the colossal industry, the productivity and efficiency of each of the units contributes to the growth.