India most attractive global investment destination

June 30, 2016 2:00 pm

Risk free, stable, rising economy and a conservative Reserve Bank is most comfortable for any investor and hence India is becoming the preferred destination for global investors.Guruprasad Rao, Director, Imaginarium India Pvt Ltd
  Imaginarium is a major Rapid Prototyping and Rapid Manufacturing centre in India. “Make in India” is not about just a slogan, but hard work and essential skills, says Guruprasad Rao, Director, Imaginarium India Pvt Ltd. He suggests, “Jugaad approach can only bring temporary relief, hence the need for adaptation towards a robust system.”
Indian manufacturing sector awaits revolutionWhat’s changed about Indian manufacturing sector post “Make in India” initiative launched?  To answer this question, it is important to know the scenario before the launch of initiative. China with its mega plants and investments had made the Indian industry lose motivation. Poor support from previous regimes added to the decline. This status quo had to be changed and a revolution had to be brought in to rekindle the Indian manufacturing sector. “Make in India” initiative was launched to address the same and provided much needed impetus to change the course of Indian manufacturing sector. Food for thoughtIndia being the largest consumer is also World’s largest marketplace. We should put all our resources to offer the best of service. “Make in India” is not about just a slogan, but hard work and essential skills. Systematic designing and building of products with sheer quality will assure that they are at par with global standards.
Cool destination for global investorsPost the US slowdown and recovery unstable political conditions continue to prevail making investments risky. The present world economy is quite unsound considering the lingering unrest which has also led to a decline in investors’ confidence.
India’s stable performance through the thick and thin of world economy and a stable government has made it a cool destination for global investors. With the push for “Make in India”, Indian manufacturing has had the best political support since independence. Risk free, stable, rising economy and a conservative Reserve Bank is most comfortable for any investor and hence India is becoming the preferred destination for global investors. Major roadblocks to “Make in India” A few roadblocks for “Make in India” drive include:• Policy gaps• Infrastructure gaps• Skill gaps• Corruption. Actions to be taken• The policy gaps are being looked into by the government and have to be expedited. Infrastructure should be mega scale.• Private investments can help the skill gaps to bridge through systematic and special training that lie beyond academics.• The issue of corruption is also being tackled in numerous ways, and technology is definitely playing the role of an enabler here. • Overall, the country needs to focus on improving its ranking on the ‘ease of doing business’ parameter.
Imaginarium’s initiatives in line with “Make in India”Imaginarium is contributing to nation building in its own little humble way. The company has been scouting for start-ups and evaluating them for social impact. It mentors, invests and supports such groups under Imaginarium Ventures.
Imaginarium’s latest endeavours comprise of Imaginarium Academy and Metamorphosis Café, wherein the company aims to catalyse innovative skills and help students to be future-ready. Through FICCI and CII, Imaginarium is contributing towards policy change in Advanced Manufacturing in the country. Imaginarium is also part of a consortium for Additive manufacturing led by IIT Bombay seeking to push the boundaries of knowledge in future technologies. We should put all our resources to offer the best of service. “Make in India” is not about just a slogan, but hard work and essential skills.
—————————–We should put all our resources to offer the best of service. “Make in India” is not about just a slogan, but hard work and essential skills.