Contract Manufacturing in India
India has a large pool of well-trained and highly skilled technical personnel combined with economical operating costs. Indian manufacturers offer speedy delivery and provide high quality products at reasonable costs, making India an attractive location in the world for manufacturing various products and parts for different industries such as Electronics, Electrical, Automotive, Pharmaceutical, Medical, Plastic and other industries.
Many foreign multinationals have begun establishing alliances, collaborations and joint ventures in R&D, manufacturing and marketing fields. This emerging scenario is a prelude to the possible future trends of the industry for contract manufacturing.
It is true that India's underdeveloped infrastructure poses serious bottlenecks in getting your goods to appropriate ports for export or to your customers within India. However, there are several other considerations which will alleviate the infrastructural bottlenecks in the near future. The Government has put infrastructural development at the top of the national agenda, has allocated considerable resources and has privatized projects such as development of sea ports, air ports, power plants, electricity distribution and highways. India's public-private partnership initiatives are also expected to contribute to rapid development of the infrastructure.
Another important consideration is that India has the world’s largest supply of highly educated, English speaking, highly skilled manpower in practically all fields – labor, clerical, IT, engineering, pharmaceutical, nursing, medicine, finance, accounting and other fields.
Indian engineering and management schools are considered some of the best in the world and produce top notch graduates in increasingly large numbers.
India is the world’s largest, tolerant democracy offering free speech, free press and free and fair judiciary.
Check the following additional facts:
McKinsey & Co projects 650% growth in the Indian manufacturing sector by 2015 in the following industries:
- Electrical and Electronic Manufacturing including Printed Circuit Board Assemblies
- Sheet metal Fabrication
- Tools and Dies
- Castings and Forgings
- Aluminum Die Casting
- Composite Material (Glass Fiber, Carbon Fiber, etc.)
- Cables and Conductors
- NC and CNC Machining
- Cables and Conductors
- Automotive Component Design and Manufacturing
- Textile
- Generic Drugs and more
And most important of all, unlike China, India offers a very strong protection of your intellectual property by strict enforcement of a recently enacted law (November, 2004).
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