Why Patwa and Shah (PAS) for Make In India project
Make in India is a campaign launched by Modi Government for making India the manufacturing Hub of the world. For every successful business story, we require following things
- Competitive Cost of Manufacturing will lead to competitive sale price
- Potential Market (Buyers) should be there for our manufactured products
- Good Supporting government structure for doing business.
Let us discuss the above points and analysis how India is the best place to start your business and manufacture products here.
- Competitive Cost of Manufacturing will lead to competitive sale price
Manufacturing in India is cheaper than European countries. The cost competitiveness in manufacturing In India vis-a-vis Europe may decline from current level of about 44 percent to 30 per cent by 2023 due to growing labour costs, according to an Assocham-Roland Berger joint study. (By ET Bureau | Updated: May 18, 2016, 06.19 PM IST). Other basic amenities required for manufacturing like Electricity, Water, Raw Material, Technology, Transportation etc. are also available at very competitive rates. As our manufacturing cost will be low we can deliver our products at competitive price to sustain the competition in the market and earn profits.
- Potential Market (Buyers) should be there for our manufactured products
Indian consumer segment is broadly divided in two parts i.e. urban market and rural market. These two segments comprises of huge middle class, relatively high class, and small economical class, with spending anticipated being double by 2025.
A recent study by the McKinsey Global Institute (MGI) suggests that if India continues to grow at the current pace, average household incomes will triple over the next two decades, making the country the world’s fifth-largest consumer economy by 2025, up from the current 12th position.
- Good Supporting government structure for doing business
The Slogan of Modi Government is ‘Minimum Government, Maximum Governance. An Investor Facilitation Cell (IFC) dedicated for the Make in India campaign was formed in September 2014 with an objective to assist investors in seeking regulatory approvals, hand-holding services through the pre-investment phase, execution and after-care support.
The Indian embassies and consulates have also been communicated to disseminate information on the potential for investment in the identified sectors
Today, India’s credibility is stronger than ever. The world’s largest democracy is well on its way to becoming the world’s most powerful economy.
PAS will help in setting up the Manufacturing facilities so as to minimize the cost of manufacturing in India.
PAS is one stop solutions for testing the Indian markets by not increasing the head counts.
PAS will help you in increasing the revenues and reducing the expenses.