When it comes to ease of doing business, India's ranking is at 130 out of 190 nations. India has ample resources such as availability of labour at reasonable cost, a huge domestic market, ample opportunity for import substitution, rich reserves of raw materials and a proactive government, said Jain, who is also the managing director of TT Ltd. According to him, a proper layout is required to transform the dream of Make in India into a reality.
Stressing on the significance of developing India's manufacturing sector, Jain said, “Unless we don't understand the importance of manufacturing sector by generating employment, revenue, self-reliance, earning foreign exchange by exports and import substitution, reducing cost of products for the common man – we shall never ever see the dream of India becoming a manufacturing hub and factory of the world like other nations.”
Various issues are to be brought in limelight and worked upon for the improvement of manufacturing industry of India. Jain suggests that there are areas where improvements can be made such as interest rates, government policies and labour wages among others. (RR)
Fibre2Fashion News Desk – India
Fashion | On 25th Apr 2017
LVMH and Christian Dior, which holds directly and indirectly 41 per...
Information Technology | On 25th Apr 2017
It is the era of smart. Intelligent materials like self-repairing...
Balavigna Weaving Mills Pvt Ltd
The biggest challenge that the weaving industry faces is high price
Peak to Plateau
People are willing to pay for quality and performance
Gem Enviro Management Pvt Ltd
There are no significant differences between virgin yarn and PET recycled...
Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...
InvestKonsult Sweden AB
Investkonsult Sweden AB has been buying and selling second-hand textile...
Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...