After a period of slow growth and pessimism, Indian manufacturing industry looks set for revival. Some of the policy issues that were thought to be slowing down the manufacturing sector are being addressed. While, by no means is the manufacturing economy in a position to launch into overdrive, there seems to be cautious optimism. The recent announcements that the big manufacturing companies have made about their investment plans suggest that the coming months could see increased activity in the sector.
That said the global markets still seem to be dealing with slow or no growth. Companies are confronted with the problems of having deep and mature supply chains in these low growth markets, whereas, they are relatively weak in the fast growing emerging markets. They seem to have products that do not fit readily into the requirements of their emerging customers.
In India, manufacturers are confronted with high cost of capital, unfavourable currency impacting imports, flat demand, and threat of China imports on the back of huge capacities created by the country and so on. Adding to this is the shortage of talent that can push the manufacturing sector up the value chain, cost of infrastructure elements, unfriendly environment and limited strategic options.
Amidst all of this, there have been companies around the world that have found success. We have worked closely with such companies and have understood what makes them successful. We have, through the professional practices of our global network, created a repository of best practices and strategies, which have been adopted by the industry to achieve success. We bring this know-how and the deep understanding of the local realities to configure sophisticated, yet practical solutions.
Our professionals have worked with manufacturing companies in different functions and therefore bring practical insights. They understand the challenges confronting the current day manufacturing companies. We serve clients in a number of sub-sectors in manufacturing such as automotive, auto-components, industrial products, process chemicals, textiles, apparels and leather products, among others. We also serve prestigious government organizations involved in shaping policies that impact the manufacturing industry, at large. Our leaders serve industry bodies and are conversant with the contemporary debate.