Gerbsman Partners, working with Motti Abramovitz (member of Gerbsman Partners Board of Intellectual Capital in Israel) has identified multiple sources in India that are seeking manufacturing partnerships with US companies. With an objective of reducing the Asian monopoly of outsourced US companies, India is a potential prime resource to for increased production capability.
India, a South Asian nation, is the seventh-largest country by area, the second-most populous country with over 1.37 billion people, and the most populous democracy in the world. India boasts of an immensely rich cultural heritage including numerous languages, traditions and people. The country holds its uniqueness in its diversity and hence has adapted itself to international changes with poise and comfort. While the economy has welcomed international companies to invest in it with open arms since liberalisation in 1990s, Indians have been prudent and pro-active in adopting global approach and skills. Indian villagers proudly take up farming, advanced agriculture and unique handicrafts as their profession on one hand while modern industries and professional services sectors are coming up in a big way on the other.
Thus, the country is attracting many global majors for strategic investments owing to the presence of vast range of industries, investment avenues and a supportive government. Huge population, mostly comprising the youth, is a strong driver for demand and an ample source of manpower.
Manufacturing Sector in India
Manufacturing has emerged as one of the high growth sectors in India. Prime Minister of India, Mr Narendra Modi, had launched the ‘Make in India’ program to place India on the world map as a manufacturing hub and give global recognition to the Indian economy. India is expected to become the fifth largest manufacturing country in the world by the end of year 2020*. Government aims to achieve 25 per cent GDP share and 100 million new jobs in the sector by 2022.
With the help of “Make in India Drive”, India is on the path of becoming the hub for hi-tech manufacturing as global giants such as GE, Siemens, HTC, Toshiba, and Boeing have either set up or are in process of setting up manufacturing plants in India, attracted by India’s market of more than a billion consumers and increasing purchasing power.
Cumulative Foreign Direct Investment (FDI) in India’s manufacturing sector reached US$ 91.20 billion during April 2000-June 2019.
India has become one of the most attractive destinations for investments in the manufacturing sector.
Gerbsman Partners and its resources are available to assist US companies find their strategic partners in India to build manufacturing and engineering capabilities.
For additional information, please contact:
Steven R. Gerbsman – steve@gerbsmanpartners.com
Motti Abramovitz – motti@prisma-eo.co.il
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