Uniform tax structure to provide level-playing field

June 26, 2014 6:17 am

The country needs to improve its global share by being more cost competitive in market
 KUKA Robotics India Pvt. Ltd. is a fully owned subsidiary of KUKA Roboter, Germany. It is one of the pioneers in the field of Industrial Robotics. The industrial robots are now being used in various Indian industries for different applications like welding, handling, processing etc. KUKA has its presence in almost all major automobile manufacturing countries. Vikas Swami talks about the areas that need to be improved in order to see India as global manufacturing hub.
Be cost competitiveBeing already present in the league of global manufacturers in many product lines including automotive, India is making its mark. However, now the country needs to improve its global share by being more cost competitive in market. This could be possible by investing in new technology, thus reducing rejections and getting quality products at faster pace.
Potential catalystsThere are some factors that can prove as catalysts in India’s growth in manufacturing sector. Major factors are Better infrastructure and industry friendly industrial policies. Better roads and ports will ease pressure on companies who are willing to do business pan India or wish to be in the field of export-import.
Further, lesser travel time will reduce requirement of multistate production and better ports will motivate global OEM to consider India as their global production and distribution centre.
Difficulties In India, industrial policies are changing fast and also from state to state which makes it tough to formulate a long-term strategy. Demand of skilled workers is difficult to meet in remote locations where new plants are being set up. The poor infrastructure close to these plants remains the major reason behind.

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