India Business Guide
- Term: HumI (colloquial); WeAll Dictionary Terms
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Manufacturing Companies in India
Manufacturing Companies in India: Over the past few years, a manufacturing revolution has been underway in the Indian economy, driven by the increasing presence of multinational companies, increased operations by domestic companies and an expanding domestic market. The manufacturing sector has been averaging 9% growth over the past few years, and a record 12.3% last year.
As a result, India is quickly emerging as a global manufacturing powerhouse. India has all the necessary skills in product, process and capital engineering, thanks to its long manufacturing history and higher education system. India’s cheap, skilled labor is attracting a number of companies, spanning diverse industries, making India an attractive global manufacturing location. India’s vast domestic market and availability of low-cost labor with advanced technical skills has been instrumental in attracting the ever expanding number of multinational companies who are setting up their manufacturing base in the country.
The rapid growth of the Indian economy is likely to make India the fifth largest consumer market in the world by 2025 and consumer spending is estimated to more than quadruple by then. The middle class is expected to grow ten-fold by then and household income also is growing rapidly.
The Government has taken steps to accelerate growth in the manufacturing sector and improve the competitiveness of Indian industry in general and manufacturing in particular
Reflecting this optimism in the country’s potential, India has emerged as the topmost promising destination for long-term Japanese overseas business for the first time in a survey by Japan Bank for International Co-operation.
Some Indian firms use service contracts with overseas firms to fund their operations.
- Aditya Birla Group
- Bharat Heavy Plate and Vessels
- Bhushan Steel
- Birla Yamaha
- Bombay Dyeing
- Electrosteel Castings Limited
- Emani Group
- Evergreen International Limited
- General Airconditioners
- Godrej Group
- Guest Keen Williams
- Haldia Petrochemicals
- Hawkins Cookers Limited
- Hero Cycles
- Hindustan Lever Network
- Hindustan Machine Tools
- Hindustan Paper Corporation Ltd
- India Cements
- IPA, Integrated Process Automation
- Jai Balaji group
- Jain Irrigation Systems
- Metal Powder Company
- Mittal Dhatu Rashayan Udyog
- Rathi Polybond
- Reynolds India
- Shakti Pharmatech Pvt. Ltd.
- Sterlite Optical Technologies
- Surya Salt
- Synthite Industrial chemicals
- TI Cycles of India