Categories: Business

India ranked third among global manufacturing destinations: report


India ranks 3rd in global manufacturing locations on cost, operating condition parameters: Report

New Delhi: India is the third most attractive destination in the list of 48 countries in terms of global manufacturing sites in terms of cost and operating conditions. It has been said in a report. According to the global manufacturing risk index report by Cushman & Wakefield, a property consulting company, China and the United States remain in the first and second positions, respectively. India has jumped one place to the third position.

The company places 48 countries in Europe, America and the Asia-Pacific in its annual report. He said that this time India has been included in the top three destinations and is an emerging hub of global manufacturing activities in terms of cost competitiveness and operating conditions.

Anshul Jain, managing director (India and South East Asia) of Cushman & Wakefield said, "Against the backdrop of the Kovid-19 pandemic, the government has reiterated its agenda to introduce new measures that will make India a major manufacturing hub." It will encourage setting up of a more favorable environment. "He said," It is encouraging to see India at the third position among the most suitable places for global manufacturing at such times. "

The company has considered operating conditions and cost competitiveness in this year's ranking, but has not included in the calculation the impact of the corona virus epidemic. Because of this, China remains in the first place and America is in the second place. India ranks third after China and Vietnam in terms of cost.

However, India ranks 30th in terms of risk scenario. In preparing this index, in the calculation of the cost factor, there is more emphasis on how the manufacturing cost has come down in the country concerned. China remains at the top in this scale, while Vietnam and India are at the second and third position respectively.

This post was published on July 17, 2020 12:41 am

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