Thriam
Thriam
LMW
LMW
OEM Update
.

Focus on export market

By June 26, 2014 5:45 pm IST

India is trying to get into the export market, but the major problem is the cost of finance and lack of stable economic growth and economic policies
Fibro is one of the market leaders when it comes to standard parts, tool construction, mould making and mechanical engineering. Today its employees are active worldwide in the fields of standard parts and rotary tables. Vivek Nanivadekar shares his views on making India as a global manufacturing hub.
Great opportunity in near futureIndia has some plus points as well as some minus points. India is having large labour and reasonably good technical schools.                                                                                                        India is compared with China because of the size and the potential for growth in economy. However, in China, due to one child policy the labour availability has started declining and at the same time the cost of labour is increasing. This is an opportunity for India as now many investors are interested for investments in Indian manufacturing sector. In next 10 – 20 years, China will have more labour problems which in turn will create a good chance for India to become manufacturing hub.
Secondly, keeping in mind, importance of agriculture sector in India, it will help India if it adopts Punjab model where agriculture and manufacturing goes hand in hand. In addition, more employment in manufacturing sector could be witnessed in near future as India’s reasonably good technical schools generate required technically sound manpower every year.
Effective factorsIndia needs to concentrate on exporting business as well as its domestic market. Today in the world trade scenario, India has hardly one per cent share. India is trying to get into the export market, but the major problem is the cost of finance and lack of stable economic growth and economic policies.

Advertising

OEM Android App

Your future advertising space? Our media data

Cookie Consent

We use cookies to personalize your experience. By continuing to visit this website you agree to our Terms & Conditions, Privacy Policy and Cookie Policy.

Tags:
webinar
webinar

Do you want to advertise here? Contact us

OEM Update QR Code
OEM Update QR Code

Events

India Manufacturing Show
India Manufacturing Show
4th IFFE EXPO 2025
4th IFFE EXPO 2025
Factory Automation Expo 2025
Factory Automation Expo 2025
17th ENGIMACH 2025
17th ENGIMACH 2025
LWOP
LWOP
IFAT India 2025
IFAT India 2025
Laser Engineering Technology Expo
Laser Engineering Technology Expo
Auto EV Bharat 2025
Auto EV Bharat 2025

Our Sponsors

B&R Automation
B&R Automation
Pragati Gears
Pragati Gears
Carl Zeiss India
Carl Zeiss India
Maco-c
Maco-c
igus
igus
Delta Electric
Delta Electric
Ravik Engineers Private Limited
Ravik Engineers Private Limited
Cumi
Cumi
Marvel Machinery
Marvel Machinery
UNP Polyvalves India Pvt Ltd
UNP Polyvalves India Pvt Ltd
ENS Oils & Lubricants
ENS Oils & Lubricants
Super Slides
Super Slides
Quality Spares Center
Quality Spares Center
IMTMA- IMTEX 24
IMTMA- IMTEX 24
ACE Micromatic Group
ACE Micromatic Group
Accu Sharp
Accu Sharp
Poonam 3D Prints
Poonam 3D Prints
Chicago Pneumatic Tools
Chicago Pneumatic Tools
Shree Rapid
Shree Rapid
Yash Dynamice
Yash Dynamice
Amsak Cranes
Amsak Cranes
Molygraph
Molygraph
Exorint
Exorint
Exon mobil
Exon mobil