Heralding Manufacturing Growth

SMEs in India need to move from automation to autonomy :-

The 'Make in India' initiative aims to boost the contribution of the manufacturing sector from 15% to 25% of the GDP, by 2022. When this growth happens, there will be two factors driving it. First, the local demand and then the capex driven by FDI. Roughly an additional trillion dollars of capex can potentially be added to the country's economy soon. To support this massive growth, India will need an ecosystem comprising of Tier 1, Tier 2, as well as the Tier 3 suppliers, with an elevated level .

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