Indian Manufacturing Sector

Indian manufacturing sector has the potential to elevate much of the Indian population above poverty by shifting the workforce out of low income agriculture sector. Manufacturing fuels growth, employment, and also strengthens agriculture and service sectors. Enormous growth in worldwide distribution systems and opening of trade barriers, has led to astonishing growth of global manufacturing networks, designed to take advantage of low-cost yet efficient work force of India.

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Apart from low cost advantage, Indian manufacturing sector must focus on areas like improving the urban infrastructure, ensuring fair competition, reduction of import duties, quality improvements in education and increase investment in R&D to gain global foot print.

There was widespread expectation that the Indian manufacturing sector would be the world's hub for components. A low cost base, liberalization and capital equipment would do the trick. But it didn’t happen. Indian manufacturing did not make an impact on the international manufacturing and it’s nowhere near to that of Korea, Taiwan or China. Even domestic manufacturing companies are turning to China for components sourcing. As a result, manufacturing sector contribution to India’s GDP has fallen to 15% in 2008 from 17% in 1991. Except commercial vehicles and pharmaceuticals almost all other categories of manufacturing are procuring components from China.

When we consider a ten-year horizon, there is a good chance that products which require world class design, complex manufacturing skills and large investments will be in the MNC sector. It means pretty much every product. At the lower end, there is a likelihood of Indian manufacturers wresting market leadership, mainly on cost considerations.

Extensive subcontracting and contract manufacturing are the order of the day. Traditionally MNCs avoid increasing the number of employees in the main plants. Wherever production can be performed by contract workmen, even inside the main plants, it will be done through such an arrangement. As a result we can see a lop-sided employment pattern in manufacturing sector. While this may be good news from a cost point, it can severely limit the process of building technical skills in this sector and attracting the right manpower to it.

The WTO pressures, surplus foreign exchange and lack of domestic alternatives will ensure a large presence of Chinese and Korean products in Indian market. The key challenge now we have is to internationalize Indian manufacturers in a way it utilizes our human potential while protecting national interests. Getting it right, learning the lessons from the recent past and removal of the policy hurdles blocking the way, we can still become the leaders in engineering and manufacturing supplies to the world.

for more information about. indian manufacturers, b2b business directory, indian suppliers

indian manufacturer hike and strike

Surat: Even as the leaders of the diamond industry were successful in resolving the wage issue of the diamond cutters employed with around five manufacturing units — these workers took to streets on Tuesday after the factory owners refused to implement the 20 per cent hike announced by the Surat Diamond Association (SDA) —fresh incident of stone pelting by rampaging diamond workers were reported from the Katargam area on the second consecutive day on Wednesday. Around 400 diamond cutters and polishers targeted some 25 manufacturing units located in the Gotalawadi area in Katargam and forced the owners to down the shutters after they refused to implement the wage hike. Some of the agitating workers indulged in stone pelting at two manufacturing units in Katargam. KS Patel, police inspector, Katargam police station, said, “Two units in Katargam were targeted by the diamond cutters. Adequate police bandobast has been deployed in the Katargam area where the units are located.” It seems the decision taken by the SDA to implement 20 per cent hike in the wages of the diamond workers has come as a major disappointment for the small and medium manufacturers in the industry. Most of the small and medium manufacturers have refused to implement the 20 per cent hike announced by the SDA. Sources said around 35 per cent of the small and medium units — facing tough competition due to the dwindling profit margins and shortage of rough — are not in a position to implement 20 per cent hike.indian suppliers “We are not in a position to hike the wages by 20 per cent. Most of the small and medium factory owners are operating on wafer thin margins due to the shortage of raw material and the increasing prices of rough,” said Valjibhai Dhamelia, a small indian manufacturers operating 10 ghantis (emery wheels). Another indian manufacturer said, “Many small manufacturers have shifted to Bhavnagar in the last few months following problems in the industry. If the problems continue for another few months then more people in the industry are likely to shift to their native places.” On the other hand, the leaders of the industry believe the 20 per cent hike in the wage is not going to affect the business of the small and medium manufacturers. “The cost of the raw material is 80 per cent and the labour charge is 20 per cent. However, if the 20 per cent hike in the wages is calculated then the manufacturers have to to implement only two per cent hike in the wages. If the industry wants to retain the workforce then each one of the manufacturers have to comply with the hike in the wages,” said Praveen Nanavati, former president, SDA. Dinesh Navadia, vice-president, SDA said “There are some unscrupulous elements in the industry behind the labour unrest. But the industry leaders are making all possible efforts to convince each and every manufacturer in the industry to comply with the 20 per cent hike in the wages.”

indian manufacturers

As India's sparkling growth story spreads across the world, Friuli Venezia Giulia (FVG), in the north of Italy, is gearing up to be a part of this wave through bilateral economic cooperation. Industry chambers and companies of this region are looking for increasing tieups with Indian counterparts to benefit from the emerging superpower's economic boom. "Our objective is to get to know more about Indian market, companies by holding workshops in the areas of energy, heavy industries, machineries, system designing, finance, communication and technology," Valduca Bertossi, chairman, Udine Chamber of Commerce, a northern province of FVG region, told visiting journalists. And leading the pack is a leading global insurance player Assicurazioni Generali from Trieste, a southern province of FVG. The company, listed on the Milan Stock Exchange (2006 turnover 64.5 billion euros), has already got a licence from IRDA for insurance venture in the country. It has tied up with Kishore Biyani's Future Group, a retail venture, to form a JV Future Generali Insurance Life Insurance Company, where Generali holds a 26% stake. "We want to repeat the success of distribution through malls in India as we have done in Switzerland and Philippines," said a senior official of Generali. indian manufacturers The JV is also negotiating with several mutual funds and banks to give a further boost to the insurance business, though the official refused to divulge names. "At present, India and China are the two most important areas for our growth," added the official. Now, across the western part of Europe, India is getting recognition for its corporate aggressiveness and hunger for acquisitions. "India. We know that man Mittal has bought Arcelor," said a man on the street, referring to LN Mittal. Ask him about Tatas' acquisition of Corus and he nods, saying, "Of course... yes." Other companies in the FVG region, which are looking for greater access to Indian market include Fantoni Group (turnover 360 million euros), a indian manufacturer of modern age wooden furniture for business and residential projects. "We would like to share the Indian boom," said Paolo Fantoni, managing director. The company, which already has a presence in Bangalore and Chennai, is looking for tieups with real estate majors like DLF and Embassy group to bag interior business for mega residential and corporate projects. "We want to focus on the top-end of the market," added Fantoni. Another major player in line is Itema Group (sales 667 m euors), a leading player in the area of textile machinery. Its group company Savio, which specialises in making sewing and twisting machines for yarn, is setting up a production facility in Coimbatore. "The 5 million euro facility will be ready to start production in early 2008," said Mauro Moro, industrial director of Savio. Also, heavy industries player like Danieli has set up base in Kolkata and started working with Bhel. Another area of bonding will be commodities like coffee. "India is the third largest supplier of raw coffee to Italy. We are looking to increase tieups with Indian farmers and various bodies to boost the supply chain," said Furio Suggi Liverani, director of Illy, a coffee processing company. Apart from biggies, start ups like PMP Industries, which makes gear boxes for mixer trucks, is looking for a strong presence in India. The company, which is setting up a production base in China, has established a presence in Mumbai and Delhi

indian manufacturer

As India's sparkling growth story spreads across the world, Friuli Venezia Giulia (FVG), in the north of Italy, is gearing up to be a part of this wave through bilateral economic cooperation. Industry chambers and companies of this region are looking for increasing tieups with Indian counterparts to benefit from the emerging superpower's economic boom. "Our objective is to get to know more about Indian market, companies by holding workshops in the areas of energy, heavy industries, machineries, system designing, finance, communication and technology," Valduca Bertossi, chairman, Udine Chamber of Commerce, a northern province of FVG region, told visiting journalists. And leading the pack is a leading global insurance player Assicurazioni Generali from Trieste, a southern province of FVG. The company, listed on the Milan Stock Exchange (2006 turnover 64.5 billion euros), has already got a licence from IRDA for insurance venture in the country. It has tied up with Kishore Biyani's Future Group, a retail venture, to form a JV Future Generali Insurance Life Insurance Company, where Generali holds a 26% stake. "We want to repeat the success of distribution through malls in India as we have done in Switzerland and Philippines," said a senior official of Generali. indian manufacturers The JV is also negotiating with several mutual funds and banks to give a further boost to the insurance business, though the official refused to divulge names. "At present, India and China are the two most important areas for our growth," added the official. Now, across the western part of Europe, India is getting recognition for its corporate aggressiveness and hunger for acquisitions. "India. We know that man Mittal has bought Arcelor," said a man on the street, referring to LN Mittal. Ask him about Tatas' acquisition of Corus and he nods, saying, "Of course... yes." Other companies in the FVG region, which are looking for greater access to Indian market include Fantoni Group (turnover 360 million euros), a indian manufacturer of modern age wooden furniture for business and residential projects. "We would like to share the Indian boom," said Paolo Fantoni, managing director. The company, which already has a presence in Bangalore and Chennai, is looking for tieups with real estate majors like DLF and Embassy group to bag interior business for mega residential and corporate projects. "We want to focus on the top-end of the market," added Fantoni. Another major player in line is Itema Group (sales 667 m euors), a leading player in the area of textile machinery. Its group company Savio, which specialises in making sewing and twisting machines for yarn, is setting up a production facility in Coimbatore. "The 5 million euro facility will be ready to start production in early 2008," said Mauro Moro, industrial director of Savio. Also, heavy industries player like Danieli has set up base in Kolkata and started working with Bhel. Another area of bonding will be commodities like coffee. "India is the third largest supplier of raw coffee to Italy. We are looking to increase tieups with Indian farmers and various bodies to boost the supply chain," said Furio Suggi Liverani, director of Illy, a coffee processing company. Apart from biggies, start ups like PMP Industries, which makes gear boxes for mixer trucks, is looking for a strong presence in India. The company, which is setting up a production base in China, has established a presence in Mumbai and Delhi

service providers

Indian Supplier Directory - A Detailed List of Indian Traders Indian supplier directory is an index that contains detailed list of all the major suppliers of India. The directory contains full information regarding their products and company. What is B2B directory India ? Indian B2B directory is the easiest solution for companies and the market for buyers and sellers. Here you can find all new products or services for your needs and find business partners. The only thing for you is to find the right site for your business and then list your site in that particular directory. We all know that search engine is the most popular method for finding information online. So if your company is in the list of a good Indian business directory, then the search for your product or service keywords related to your website will open in the network. Benefits of Indian supplier directory: Indian supplier directory can have a direct impact on business productivity. It also helps in generating traffic to your site and if people visit your site, then obviously some of them will be interested in buying their products. Simply Indian supplier directory is the useful tool for promoting your business in the online market. What is online Indian supplier directory? In this directory all manufacturers and suppliers of diverse products or services are planned. If a company wants to move, then you need to register in India B2B directory. A good online directory of suppliers offering security for buyers is needed. There are various leading directories for all manufacturers, suppliers, exporters, importers, etc. Here you will get details of all the businessmen. Advantages of using B2B directories: 1. You have the opportunity to implement business worldwide 2. You can showcase your products 3. Post your business opportunity offers 4. You can keep track of new products or services 5. B2B directory of Indian companies is the easiest solution for manufacturers online directory of suppliers and the market for buyers and sellers online There are a huge number of trade directories available online that helps the traders to expand their business throughout the world. All the world-renowned buyers and suppliers can register themselves of these directories so that they can directly get orders from the buyers. The directories display products under particular categories listed in an alphabetical order like, automobiles, beauty products, furniture, health and medicine, home appliances, etc. The categories enable the buyers to search easily any type of product directly in that particular category. Thus, the Indian supplier directory is a better option if you want to do a successful trade. For more to Indian supplier directory and suppliers in India .

Indian Exporters Directory

Indian Supplier Directory - A Detailed List of Indian Traders Indian supplier directory is an index that contains detailed list of all the major suppliers of India. The directory contains full information regarding their products and company. What is B2B directory India ? Indian B2B directory is the easiest solution for companies and the market for buyers and sellers. Here you can find all new products or services for your needs and find business partners. The only thing for you is to find the right site for your business and then list your site in that particular directory. We all know that search engine is the most popular method for finding information online. So if your company is in the list of a good Indian business directory, then the search for your product or service keywords related to your website will open in the network. Benefits of Indian supplier directory: Indian supplier directory can have a direct impact on business productivity. It also helps in generating traffic to your site and if people visit your site, then obviously some of them will be interested in buying their products. Simply Indian supplier directory is the useful tool for promoting your business in the online market. What is online Indian supplier directory? In this directory all manufacturers and suppliers of diverse products or services are planned. If a company wants to move, then you need to register in India B2B directory. A good online directory of suppliers offering security for buyers is needed. There are various leading directories for all manufacturers, suppliers, exporters, importers, etc. Here you will get details of all the businessmen. Advantages of using B2B directories: 1. You have the opportunity to implement business worldwide 2. You can showcase your products 3. Post your business opportunity offers 4. You can keep track of new products or services 5. B2B directory of Indian companies is the easiest solution for manufacturers online directory of suppliers and the market for buyers and sellers online There are a huge number of trade directories available online that helps the traders to expand their business throughout the world. All the world-renowned buyers and suppliers can register themselves of these directories so that they can directly get orders from the buyers. The directories display products under particular categories listed in an alphabetical order like, automobiles, beauty products, furniture, health and medicine, home appliances, etc. The categories enable the buyers to search easily any type of product directly in that particular category. Thus, the Indian supplier directory is a better option if you want to do a successful trade. For more to Indian supplier directory and suppliers in India .

Indian Supplier Directory

Indian Supplier Directory - A Detailed List of Indian Traders Indian supplier directory is an index that contains detailed list of all the major suppliers of India. The directory contains full information regarding their products and company. What is B2B directory India ? Indian B2B directory is the easiest solution for companies and the market for buyers and sellers. Here you can find all new products or services for your needs and find business partners. The only thing for you is to find the right site for your business and then list your site in that particular directory. We all know that search engine is the most popular method for finding information online. So if your company is in the list of a good Indian business directory, then the search for your product or service keywords related to your website will open in the network. Benefits of Indian supplier directory: Indian supplier directory can have a direct impact on business productivity. It also helps in generating traffic to your site and if people visit your site, then obviously some of them will be interested in buying their products. Simply Indian supplier directory is the useful tool for promoting your business in the online market. What is online Indian supplier directory? In this directory all manufacturers and suppliers of diverse products or services are planned. If a company wants to move, then you need to register in India B2B directory. A good online directory of suppliers offering security for buyers is needed. There are various leading directories for all manufacturers, suppliers, exporters, importers, etc. Here you will get details of all the businessmen. Advantages of using B2B directories: 1. You have the opportunity to implement business worldwide 2. You can showcase your products 3. Post your business opportunity offers 4. You can keep track of new products or services 5. B2B directory of Indian companies is the easiest solution for manufacturers online directory of suppliers and the market for buyers and sellers online There are a huge number of trade directories available online that helps the traders to expand their business throughout the world. All the world-renowned buyers and suppliers can register themselves of these directories so that they can directly get orders from the buyers. The directories display products under particular categories listed in an alphabetical order like, automobiles, beauty products, furniture, health and medicine, home appliances, etc. The categories enable the buyers to search easily any type of product directly in that particular category. Thus, the Indian supplier directory is a better option if you want to do a successful trade. For more to Indian supplier directory and suppliers in India .

The Growth Of Indian Manufacturers and other traders compared

By its four commodities apparel, chemicals, auto components and electrical and electronic products only it has taken a good shape in the market and is firm to withstand the long run. Indian suppliers are rapidly growing in comparison to other developing countries and will sure emerge in top 3 positions if the Indian government supports it.

<a href="http://www.way2trading.com/">Indian manufacturers</a> had been screened from large scale manufacturing exports. But as per McKinsey report the forthcoming brand in the future years would be 'Made in India'. India would soon emerge in the picture as the developed nations utilizes Indian manufacturers for manufacturing and producing from cheap labor as it is a low cost country (LCC).

The report suggested that the US$40 billion as in 2002 will rise to an approximate of US$300 billion by 2015 which would interpret 3.5 per cent of Indian suppliers in the global market.

This will increase the Indian GDP by 1 percent thereby creating 25-30 million new jobs in the marketing fields. But in order to survive Indian exporters and suppliers will have to become global in their outlook, marketing skills, cost efficiency to gain maximum advantage. For further growth Indian suppliers would need to improvise taxation, infrastructure, SEZs and enhance skills.

As compared by the reports of 2002 China's manufacturing exports accounted US$ 300 billion, Taiwan's US$ 145 billion, Mexico's US$ 140 billion, Malaysia's US$78 billion and Thailand's US$55 billion while Indian suppliers US$40 billion. But in the long run Indian manufacturers  can make it to 3.5 percent of total world export and reach the top three in exports by 2015.

Indian suppliers & manufacturer have a good scope in manufacturing exports for it has skill intensive industries and evolving domestic demand. Researches demonstrate that US$70-US$90 billion can easily be made through apparel, chemicals, auto components and electrical and electronic products.

In 2002 Indian suppliers & manufacturer exported US$ 10 billion in the above items. By 2015 over US$300 billion can be gained from apparel alone. And Indian suppliers & manufacturer can become the second-largest LCC exporter with 8-10 percent of global trade. <a href="http://www.way2trading.com/">Indian manufacturer</a> in 2003 had US$1 billion in auto-components which can plunge to US$375 billion by 2015 if it pace at 30 percent a year. Indian suppliers & manufacturers should not slag behind since Thailand and China is also trying to capture the market at their pace. In electrical and electronic products India should go as far as US$15-US$18 billion. Indian manufacturers lead in LCC exporters segments such as dyes and intermediates, Active Pharmaceutical Ingredients (APIs) and agrochemicals for crop protection. Indian exporters & manufacturer will sure outshine if the central, state governing bodies along with MNCs work together. www.way2trading.com can be browsed for more information.

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