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Global Leader in Manufacturing India
India could be a Manufacturing Hub in the coming years. As a fact all are aware that India’s labor force is the world’s 2nd largest after CHINA. INDIA holds its place in the World’s fastest-growing economies.
Impact of Informational Technology
Nowadays, A normal life would be abnormal without mobile, computers, internet. Everything behind this is Technology. IT gave us the power to discover more. Right now a 2-year-old kid can see the satellite view of the Earth with a click of a mouse button in Google Maps/Google Earth. We could talk/video chat to any person in the world with a simple login to SKYPE. No more slips we have to carry in our pockets to drop on bank doorsteps, you can do all in NETBANKING. The information Technology Era has changed the life of each and every human and as Indians, we can proudly see we are participating in the same sector to make life even simpler.
India’s Growth Beyond IT
India has gained a mass face for IT/ITES/BPO and other back office processes, but we could also see more Foreign Direct Investments flowing in for the MANUFACTURING/Mining/Power Generation.
1. Chennai A Manufacturing Hub
The state is very famous for its IT presence and has been witnessing FDI in Manufacturing. It stands @ rank 2 in IT Exports after Bangalore producing a GDP of 144, 214 crore during 2006-07. After the recession, Chennai faced JOB LOSSES in history majorly in the IT/ITES sector. Later State Govt brought in more employment in Manufacturing and Power Generation[Wind, Solar, Nuclear].
2. Textiles, Leather and Electronic devices
Tamil Nadu’s state government has revised tax benefits, doubling FDI in manufacturing. Chennai now hosts 30% of India’s automobile industry and 40% of its auto components industry.
Many top automotive companies have set up manufacturing plants in Chennai, including Hyundai, Renault, Nissan, Ashok Leyland, and BMW
The Ambattur-Padi industrial zone houses many textile manufacturers, and an SEZ for apparel and footwear manufacture has been set up in the southern suburbs of the city. Chennai contributes more than 50% of India’s leather exports.
Telecom and Electronics manufacturers based in and around Chennai include Nokia, Nokia Siemens, Motorola, Dell, Wipro, Zebronics, Foxconn, and Siemens among others. Telecom giants Ericsson and Alcatel-Lucent, pharmaceuticals giant Pfizer, and chemicals giant Dow Chemicals have research and development facilities in Chennai.
Well, how many of you people know that Coimbatore, Tamil Nadu is a major gold jewelry manufacturing hub in India? Each and every DELL Laptop, Samsung LCD TVs manufactured in Chennai are labeled as Made in INDIA and sold across ASIA PACIFIC region.
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New India – Global Leader in Manufacturing ?
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The article contains the impacts on global leader on Manufacturing.
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blog our education
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rakhi kumari
#India #Global #Leader #Manufacturing