"Made in India" may well be espoused in the future by consumers around the globe. While the pace of change in the Indian manufacturing sector has been at a blistering pace over the last decade, there remain significant challenges ahead for the industry to achieve world-class prominence. However, in the report, "Globalizing Indian Manufacturing. Competing in Global Manufacturing and Service Networks," industry observers suggest that overcoming these hurdles is well worth the effort and will help manufacturing in India to thrive by fostering further expansion of domestic enterprises and boosting investments by global manufacturers from abroad.

Developed in collaboration with the Center for Global Logistics and Manufacturing Strategies of the Indian School of Business, Deloitte Research, the Global Business Institute of the Stern School of Business at New York University and the Krannert School of Management at Purdue University, with support from the National Science Foundation, the report highlights discussions from the Summit on Indian Manufacturing Competitiveness, now in its second successful year. The Summit, held in August 2006 in Hyderabad and attended by 200 business executives, industry experts, government officials and academic researchers from around the world, set out to map the challenges and opportunities of manufacturing in India.