The Indian government has launched the “Make in India” campaign to project the country as a global manufacturing hub. India is opening up to more significant foreign investments and raising the limits on FDI in various sectors.
- Textiles, capital goods, cement, food products, pharmaceuticals, metals,
- plastics and rubber, electronics, and automobiles are the brightest segments.
The Indian manufacturing industry contributes about 15 percent to the country’s GDP.
- Also, the country’s envoys in 160 countries will focus on economic diplomacy to attract investments.
Like in all its other sectors, India has the advantage of cheap labour. This naturally attracts investors to set up factories in the country. This would create jobs and propel the demand for a skilled workforce, talented managers, and experienced executives in the industry.