Bahrain

India emerges as Second in Global Manufacturing Risk Index: Cushman & Wakefield Report

The unprecedented times of the COVID-19 pandemic has shaken up the entire world and India too has not been spared through the adverse impact of the same. However, even in such situations, India has emerged as a global manufacturing hub and effectively surpassed the United States to become the world’s second most desired manufacturing destination. This indicates the growing interest in India by manufacturers as a preferred manufacturing hub over other countries including the United States and the manufacturing giant nation, China. India’s ranking was reflected in Cushman & Wakefield’s 2021 Global Manufacturing Risk Index.

India: Desired Destination for Manufacturers

In regards to manufacturing, often compared to its Asian rival, India has a huge population, which means a younger workforce with innovative capabilities that has the potential to fuel the country’s manufacturing sector. The rise in the rank for India is ascribed to the country’s working conditions and competitiveness in terms of value. Further, India’s performance in meeting outsourcing requirements is also responsible for an annual increase in the rankings.

-Benefits of having a manufacturing set-up in India:

Manufacturing set-up requires favorable business conditions, policies along various intricate details, for business to thrive. As a manufacturing hub, India provides various advantages for companies worldwide. India has relatively cheap land and labor, ever-improving infrastructure, and policies that go in favor of a thriving business. Further, there is ample government support and India also has reduced corporate tax rates. Besides offering favorable conditions, India is also aggressively working to enhance its supply chain capacities, which in turn, will cater to foreign companies looking to shift from other neighboring countries to India. In addition, Ease of Doing Business in India has gained significant traction and India climbed 14 positions to stand at 63rd now.

Over the years, India has evolved from an agrarian to a service-based economy. Throughout the pandemic, Indian manufacturing has shown remarkable growth. Cushman & Wakefield’s Head of Perception & Evaluation, Asia Pacific, Dominic Brown, commented that the different markets also profited from increased demand for imported products such as microprocessors, laptop chips, and prescription medications.

Boosting India as a Manufacturing Destination

With the ambition to boost domestic manufacturing in the nation and turn India into a global manufacturing hub, earlier this year, the government introduced various financial incentives for companies to produce IT hardware. Apart from this, the government of India is actively bringing reforms to boost the Indian economy and some of the efforts taken include:

– Accounting as the lowest in Southeast Asia, India has reduced corporate tax from 30% to 25%.

– Government introduced initiatives like ‘Make in India’ and ‘Skill India’ that have achieved a feat in creating job opportunities in the manufacturing sector. Further, these initiatives have also enhanced skill development to create a large pool of skilled human resources.

Rules regarding land acquisition have been subsequently relaxed over the years

Income tax, GST, and other custom reliefs provided for favorable business conditions.

About global Manufacturing Risk Index:

Based on the most favorable locations for international manufacturing, Cushman & Wakefield’s Manufacturing Risk Index report ranks countries based on a range of factors including:

– Risk and cost factors
– Political and economic risk
– Market conditions and labor costs
Market Access

The index ranks 47 countries across Europe, the Americas, and the Asia Pacific.

189 Comments

189 Comments

  1. Pingback: Reba Fleurantin

  2. Pingback: fue

  3. Pingback: future university

  4. Pingback: جامعة المستقبل

  5. Pingback: fue

  6. Pingback: جامعة المستقبل

  7. Pingback: future university egypt

  8. Pingback: جامعة المستقبل

  9. Pingback: future university

  10. Pingback: جامعة المستقبل

  11. Pingback: future university egypt

  12. Pingback: future university

  13. Pingback: fue

  14. Pingback: Natraj Pencil Packing Job Work From Home

  15. Pingback: future university

  16. Pingback: جامعة المستقبل

  17. Pingback: future university

  18. Pingback: future university egypt

  19. Pingback: fue

  20. Pingback: exipure buy

  21. Pingback: future university egypt

  22. Pingback: cage musculation

  23. Pingback: reputation defenders

  24. Pingback: future university egypt

  25. Pingback: Cory Chase MILF City

  26. Pingback: premium-domain-broker

  27. Pingback: Solve My Assignment

  28. Pingback: Do My Assignment For Me

  29. Pingback: valentine pillow

  30. Pingback: personalized anniversary gift

  31. Pingback: Click Here

  32. Pingback: Click Here

  33. Pingback: Click Here

  34. Pingback: Click Here

  35. Pingback: Click Here

  36. Pingback: Click Here

  37. Pingback: Click Here

  38. Pingback: Click Here

  39. Pingback: Click Here

  40. Pingback: Click Here

  41. Pingback: Click Here

  42. Pingback: Click Here

  43. Pingback: Click Here

  44. Pingback: Space ROS

  45. Pingback: Space ROS

  46. Pingback: remote control robotics

  47. Pingback: Reputation Defenders

  48. Pingback: Click Here

  49. Pingback: Click Here

  50. Pingback: Click Here

  51. Pingback: Click Here

  52. Pingback: Click Here

  53. Pingback: Click Here

  54. Pingback: Click Here

  55. Pingback: Click Here

  56. Pingback: Click Here

  57. Pingback: grand rapids same day crowns

  58. Pingback: Click Here

  59. Pingback: Click Here

  60. Pingback: https://gquery.org/

  61. Pingback: Click Here

  62. Pingback: Click Here

  63. Pingback: Click Here

  64. Pingback: Click Here

  65. Pingback: Click Here

  66. Pingback: Click Here

  67. Pingback: Click Here

  68. Pingback: Click Here

  69. Pingback: Click Here

  70. Pingback: Click Here

  71. Pingback: Click Here

  72. Pingback: Click Here

  73. Pingback: Click Here

  74. Pingback: Click Here

  75. Pingback: Click Here

  76. Pingback: Click Here

  77. Pingback: Click Here

  78. Pingback: 프로그레시브 잭팟

  79. Pingback: 온라인 슬롯 머신

  80. Pingback: domain

  81. Pingback: domain-broker

  82. Pingback: how to choose a cardano stake pool

  83. Pingback: best tech startup books

  84. Pingback: start a business

  85. Pingback: Google reviews

  86. Pingback: Become a camgirl in Australia

  87. Pingback: reputation defenders

  88. Pingback: 2023 Books

  89. Pingback: obituary

  90. Pingback: memorial

  91. Pingback: IRA Empire

  92. Pingback: today football betting

  93. Pingback: Chirurgie esthétique Tunisie

  94. Pingback: National Chi Nan University

  95. Pingback: Mr. Khaled Azazy

  96. Pingback: البحث العلمي والنشر

  97. Pingback: كلية الاقتصاد والعلوم السياسية

  98. Pingback: Operative dentistry

  99. Pingback: Faculty of Computers and Information

  100. Pingback: رسوم التقديم لجامعة المستقبل

  101. Pingback: رسوم دراسة ماجستير إدارة الأعمال

  102. Pingback: Distinguished graduate

  103. Pingback: بيان شخصي لجامعة المستقبل

  104. Pingback: https://www.kooky.domains/post/what-are-web3-domains

  105. Pingback: https://www.kooky.domains/post/the-basics-of-web3-domains-and-decentralized-applications

  106. Pingback: https://www.kooky.domains/post/the-security-advantages-of-web3-domains-for-businesses

  107. Pingback: Higher education in Political Science

  108. Pingback: research activities for faculty of pharmacy at future university

  109. Pingback: أفضل جامعة لدراسة الصيدلة

  110. Pingback: Orthodontics master's program

  111. Pingback: what is the best department in the College of Engineering

  112. Pingback: نظام الدرجات

  113. Pingback: fue

  114. Pingback: fue

  115. Pingback: متطلبات القبول لجامعة المستقبل

  116. Pingback: Maillot de football

  117. Pingback: Maillot de football

  118. Pingback: Maillot de football

  119. Pingback: Maillot de football

  120. Pingback: pulley machine

  121. Pingback: Fiverr Earn

  122. Pingback: Fiverr Earn

  123. Pingback: Fiverr Earn

  124. Pingback: Fiverr Earn

  125. Pingback: Fiverr Earn

  126. Pingback: fiverrearn.com

  127. Pingback: fiverrearn.com

  128. Pingback: fiverrearn.com

  129. Pingback: redboost mediprime

  130. Pingback: TLI

  131. Pingback: clothes manufacturer in mexico

  132. Pingback: clima de hoy

  133. Pingback: fiverrearn.com

  134. Pingback: french bulldog puppies

  135. Pingback: fiverrearn.com

  136. Pingback: male french bulldog

  137. Pingback: Piano Removals

  138. Pingback: Piano Storage Solutions

  139. Pingback: Top university in Egypt

  140. Pingback: Best university in Egypt

  141. Pingback: Top university in Egypt

  142. Pingback: miniature french bulldog for sale

  143. Pingback: blue sable french bulldog

  144. Pingback: french bulldog puppies

  145. Pingback: french bulldog puppy for sale

  146. Pingback: weather new hope

  147. Pingback: miniature french bulldog for sale

  148. Pingback: Mail in phone repair

  149. Pingback: french bulldogs in texas for sale

  150. Pingback: techno

  151. Pingback: future university

  152. Pingback: future university

  153. Pingback: rent a golf cart isla mujeres

  154. Pingback: frenchies in houston

  155. Pingback: cancun golf cart rental

  156. Pingback: future university

  157. Pingback: Secure piano storage

  158. Pingback: Moving consultation

  159. Pingback: برامج المحاسبة والمالية بمصر

  160. Pingback: pupuk

  161. Pingback: Pupuk Organik terbaik dan terpercaya hanya melalui pupukanorganik.com

  162. Pingback: partners

  163. Pingback: red boost powder official website

  164. Pingback: Private University Yemen

  165. Pingback: Scientific Research

  166. Pingback: Kampus Islam Terbaik

  167. Pingback: FiverrEarn

  168. Pingback: FiverrEarn

  169. Pingback: Generator Service Sheffield

  170. Pingback: cheap sex cams

  171. Pingback: live sex cams

  172. Pingback: frt trigger

  173. Pingback: 늑대닷컴

  174. Pingback: Free spin

  175. Pingback: freelance web designer Singapore

  176. Pingback: allgame

  177. Pingback: 918kiss

  178. Pingback: หวย24

  179. Pingback: Acne treatment

  180. Pingback: pg slot

  181. Pingback: aplikasi slot online tema hewan

  182. Pingback: catskills hotel

  183. Pingback: hotel in lake placid

  184. Pingback: 17 wsm

  185. Pingback: ny jobs central

  186. Pingback: itsmasum.com

Leave a Reply

Your email address will not be published.

one + eleven =

News is information about current events. News is provided through many different media: word of mouth, printing, postal systems, broadcasting, electronic communication, and also on the testimony of observers and witnesses to events. It is also used as a platform to manufacture opinion for the population.

Contact Info

Address:
D 601  Riddhi Sidhi CHSL
Unnant Nagar Road 2
Kamaraj Nagar, Goreagaon West
Mumbai 400062 .

Email Id: [email protected]

West Bengal

Eastern Regional Office
Indsamachar Digital Media
Siddha Gibson 1,
Gibson Lane, 1st floor, R. No. 114,
Kolkata – 700069.
West Bengal.

Office Address

251 B-Wing,First Floor,
Orchard Corporate Park, Royal Palms,
Arey Road, Goreagon East,
Mumbai – 400065.

Download Our Mobile App

IndSamachar Android App IndSamachar IOS App
To Top
WhatsApp WhatsApp us