Role Of Indian Manufacturers

By Author: Indian Industry
Total Articles: 163
Comment this article

Several multinational companies have invested in Indian market. Headquarter and service outlets of many multinational companies are established in India.

Companies and industries are very much interested in taking out their business to India, they just not getting into Indian market they are also making various import and export deals with the Indian exporters and Indian manufacturers.

The Role of Exporters in Indian Economy

The export form India to other countries has increased in past few years. The demand for Indian products is increasing in foreign countries. Some the top export products of India are gems and jewelry, cotton, drugs, pharmaceutical products, cotton yarn, iron ore, petroleum products etc.

India is also considered as country with high purchasing power. This is one the reasons many foreign country willing to invest in Indian market. Various Industrial sectors in India are having great market potential.

Some of the leading industries of country are chemical industry, garment and textile industry. Over the years the ...
... quality of Indian product has improved, as the manufacturing, working has gone through some positive changes.

Jewelry has always held an important place in Indian culture and society. The demand of Indian jewelry designs and Indian jewelry is increasing in both domestic and international market. This is an important sector and it is one of the fast emerging sectors. It is one the sector that is not only doing business outside India but it is also making mark of Indian culture outside India.

The availability of economical human resources is one the prime reasons for the sharp rise in industries. Foreign investors also recognizing this fact, as the human resource cost is low and the available resources are skilled. The ability to provide quality service in economical budget is encouraging foreign investors. This is helping industry in India to improve at fast rate.

The Role of Manufacturers in Indian Economy

The fast developing economy of India is encouraged by the manufacturing sector of the country. The growth of the sector is vastly impacted by the multinational company. Manufacturing industry plays a vital role in Indian economy. Some of the major players in manufacturing industry are Larson & Toubro, Jindal Steel, Asian Paints, Apollo Tiers and Hindustan Lever.

The manufacturing India is yet to get technologically sound. Indian manufacturing industry is lacking behind in international quality standard even after having reasonable technology. The other factor is the research and development. The manufacturing firms in India do not invest much on research and development.

There are various industries that got benefited by the liberalization of Indian economy and manufacturing industry is one of them. The liberalization opened many opportunity for this industry. The manufacturing sector is able to get the good growth irrespective of the circumstances. It has preformed better even in the global slow down period.

Indian Exporters and Indian Manufactures are the part of the two rising and important contributors in Indian economy. These two can help in development of Indian economy.

A passionate writer, expert in writing Indian manufacturers. Enrich your knowledge about IndianIndustry. Visit here to view Indian manufacturers.