India ahead in race

By admin June 30, 2016 2:12 pm IST

With increasing focus on local manufacturing and concerted efforts to improve our standing on ease of doing business, India is indeed in an advantageous position as compared to rest of the world.L. Krishnan, Managing Director, TaeguTec India
  The most important factors in favour of India are demography and demand, says L. Krishnan, Managing Director, TaeguTec India. He also elucidates how Indian manufacturers can make the most of “Make in India”.
Set for actionThe “Make in India” initiative of the Government of India is a movement that aims to bring the focus back into manufacturing. While sectors like auto and auto components have reached certain critical volumes in the country, many other sectors like electronics and defence have very high import dependence. In such sectors with high volumes of imports, the impact of getting policy makers to look at impediments and incentives to accelerate domestic manufacturing would be significantly felt. In any case, it would take some more time for real action to commence on ground.