Manufacturing Consultants – Their Role in Setting up Industries of Foreign Enterprises in India
                     Manufacturing Consultants – Their Role in Setting up Industries 
of Foreign Enterprises in India
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 and employs around 2.73 
crore people.  With  the  improvement  in  the  economic  scenario  in  India  and  ease  
of  doing business in the country, many multinationals are looking at setting up 
manufacturing units   here.   India’s   labor   market   proves   to   be   extremely   cost-
effective   in   the manufacturing sector for foreign investors in matters of sourcing from 
India. Strengths like favorable business conditions, a young labor force, and large pool 
of engineers, FDI relaxations  and  supportive  infrastructure  incentive  schemes  can  
help  India  become  a manufacturing powerhouse in the coming years and possibly the 
world’s manufacturing hub.   The   sectors   like   textiles,   auto   components,   machine  
 tools,   pharmaceuticals, chemicals  and  petrochemicals  have  proven  to  be  shining  
examples  of  world-class excellence  in  manufacturing.  In  fact  India  is  already  
labelled as  the  “pharmacy  of  the world”.
The  greatest  priority  of  the manufacturing  consulting  firms  in  India is  to  
help domestic  and  foreign  investors  understand  the  market  and  invest  in  the  
brightest manufacturing  sector.  The manufacturing  consulting  companies  in  
India can
also help with foreign funding under the government route and the automatic route and 
thus  help  the country  to  accomplish its  objective  of  turning  into world’s  third 
biggest economy    by    2030.    It    is    important    to    choose    the    most    
appropriate    and resourceful manufacturing  consultant  in  India not  only  for  
short-term  planning but  also  for  long  term  success. Industry  Experts with  their  
extensive  network  of resources across the various services and operational 
requirements including suppliers of  raw  materials  and  capital  equipment  across  
different  manufacturing  sectors  and industries helps the offshoring company go 
through the process smoothly avoiding time and cost over runs.