Create innovative & sustainable solutions to boost investments

June 21, 2016 1:55 pm

India is one of the key markets for the manufacturing sector, and is becoming increasingly influential in the global marketplace. As an area of future growth, there is a continued shift of economic power to emerging markets.Bappa Bandyopadhyay, Director – Operations & Projects, Henkel Adhesives Technologies India Pvt Ltd
India’s manufacturing sector has evolved over the years from the initial industrialisation and the ‘license raj’ to liberalisation and the current phase of global competitiveness. Today, Indian manufacturing companies in several sectors are targeting global markets and are becoming one of the most challenging global competitors.
In an exclusive interview with OEM Update, Bappa Bandyopadhyay, Director – Operations & Projects, Henkel Adhesives Technologies India Pvt Ltd shares his views on the changes that is happening post ‘Make in India’ and Henkel’s initiatives in with ‘Make in India’.
‘Make in India’ attracts foreign investmentsSince its launch, the Government of India has been making an honest attempt to ensure success of the ‘Make in India’ initiative. The authorities have introduced several steps to improve the business environment by easing and streamlining processes to do business in the country including speed and ease to obtain statutory approvals, fostering innovation, developing skills and building best-in-class manufacturing infrastructure; thereby, attracting foreign investments.
The Government of India in 2015 cleared as many as 1,671 proposals by investors, which is double the number of approvals granted in 2014. Additionally, between the period of September 2014 and November 2015, the government received Rs 1.20 lakh crore in proposals from companies interested in manufacturing electronics in India as per businesstandard.com.
While the development has been hugely positive, the impact of this has been different in different states and in some cases this top down initiative is not fully evident ‘on the ground’.

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