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India has huge potential for the development of its contract manufacturing industry. Huge domestic demand finished goods from a growing population, growing investment in the manufacturing sector, initiatives such as u2018Make in Indiau2019 that aims to make India a global manufacturing hub, and rising working population are the key factors that are offering robust growth to the contract manufacturing industry in India.
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Orion Market Research Contract Manufacturing Industry in India Share, Trends & Forecast to 2026 For free sample request visit: https://marketinsight.in/request-sample/indian- contract-manufacturing-market-outlook Contact Person:Mr. Anurag Tiwari Email:-info@marketinsight.in Contact no: +91 780-304-0404
India has huge potential for the development of its contract manufacturing industry. Huge domestic demand finished goods from a growing population, growing investment in the manufacturing sector, initiatives such as ‘Make in India’ that aims to make India a global manufacturing hub, and rising working population are the key factors that are offering robust growth to the contract manufacturing industry in India. The contract manufacturers are likely to expand their manufacturing base in the country owing to the availability of low cost and skilled workforce. In 2019, India has moved 14 places to be 63rd among 190 nations in the World Bank’s ease of doing business ranking. The improving ease of doing business in India ranking is again supporting the confidence of the contract manufacturers to expand their manufacturing base in India. The automobile industry, drugs and pharmaceuticals, chemical, food processing, electrical equipment, cement, textile, and electronics are the major sectors of the Indian contract manufacturing industry. Get manufacturing-market-outlook Free Sample Copy @ https://marketinsight.in/request-sample/indian-contract- Robust demand for finished goods, growing investment, and government support are the key factors contributing to the growth of the Indian contract manufacturing industry. In August 2019, the Government of India permitted 100% FDI in contract manufacturing through the automatic route. The high FDI inflow is expected to position India as a favorable destination for manufacturing by encouraging international players to make in India and sell in India. At present situation, when contract manufacturers are searching for new manufacturing locations to increase their global presence in the face of the ongoing US-China trade war. India is expected to be a suitable destination for these players to run their manufacturing operating through contract manufacturing. A Full Report of Indian Contract Manufacturing Industry is Available at: https://marketinsight.in/industry-reports/indian-contract-manufacturing-market-outlook India is on the way of becoming the hub for high-tech manufacturing as major international players such as Siemens AG, HTC, GE Healthcare, Toshiba, and Boeing have set up or in process of setting up their manufacturing plants in India. According to the India Brand Equity Foundation, India’s
manufacturing Purchasing Managers' Index (PMI) stood at 46 in July 2020, indicating the expansion of such plants in the country. For More Customized Data, Request for Report Customization @ https://marketinsight.in/report- customization/indian-contract-manufacturing-market-outlook About Market Insight Marketinsight.in, a sub-division of Orion Market Research (OMR), is a determined market research firm that simply aims at providing services such as consulting, customize research, field research and a growth strategy plan to the Indian enterprises. It provides a complete suite of customized services focused on to bringing process efficiency and market effectiveness in its services. Media Contact: Company Name: Market Insight Contact Person: Mr. Anurag Tiwari Email: info@marketinsight.in Contact no: +91 780-304-0404
