top of page
  • Writer's picturevishal wire

Does the Indian market have a high manufacturing business scope? The answer may surprise you!

In the last decade, manufacturing has become one of the most important parts of India’s economy. In fact, India will soon surpass Japan to become the world’s third-largest manufacturer! With that being said, many businesspeople are looking to do business in India, but what is available? Is there a large market? What kind of competition should you expect to see? By answering these questions and more, this article aims to answer whether or not manufacturing in India is worth your time and money.

What is Made in India?

Manufacturing sector is important for industrial development of any country. Due to its influence on various other sectors, it should be developed as early as possible. Development of Manufacturing sector not only helps in increasing production but also generates employment opportunities in an economy and helps countries to enhance economic growth through increased foreign exchange earnings, which further contributes to well-being of general public by providing them with employment opportunities and improving their standard of living.

Trends in Manufacturing and Economic outlook

Manufacturing is on track to make strong gains in 2016 and beyond. Driven by world economic growth, global sales of manufactured goods will rise at an annual rate of 3.3 percent between now and 2020, according to forecasts from Morgan Stanley’s Research Economics Group. That compares with 1.9 percent growth for non-manufacturing goods over that period, driving stronger global expansion in purchasing power—the primary driver of demand for manufacturers’ goods across developing economies in Asia and Latin America

Why manufacturing is important for India

India is one of the fastest growing economies in today’s world. It seems that everyone wants to tap into India’s fast paced growth. There are opportunities in all areas, from oil and gas, coal mining, ports and shipping, agriculture, construction and real estate.

How to start a business in Manufacturing sector in India

Generally, to start a business in any sector in India, you need to register yourself as an individual or firm. Then apply for permission from local authorities. You will have to satisfy them that your area of operation would not impact public health and safety. All these processes are time-consuming and difficult to complete due to poor infrastructure and non-transparent laws and regulations. If you think starting a manufacturing company is easier than any other sectors then let us show you some facts which might change your mind.

How can one successfully invest in manufacturing sector in India?

With an ever-growing population and an increasingly open economy, India presents one of the best investment opportunities in Asia. Although it’s often said that setting up a manufacturing unit in India is challenging, these are some reasons why it can be worth your while.

10 views0 comments


bottom of page