JULY 2019 | Manufacturing Today http://www.manufacturingtodayindia.comCONSUMER CONNECT
EXXONMOBIL
58
SWITCHING TO MOBIL SAVES AUTOMOTIVE MANUFACTURER
RS.12.30 LAKH ANNUALLY
MOBIL™ SAFEGUARDS EQUIPMENT LIFE;
HELPS PPAP AUTOMOTIVE ACHIEVE
‘MAXIMUM PRODUCTIVITY’ GOALS
THE MANUFACTURING INDUS-
TRY IN INDIA HAS poignantly
grown over the decades, witnessing
a series of transitions through the
socio-economic and political corri-
dors of the country. Turning a corner
after liberalization in the early-90s,
the Indian manufacturing industry
is today a globally competitive
behemoth, powered by solid
capacity expansions and multi-
disciplinary investments.
Strong domestic demand, a
growing middle class and a high
rate of return on investments are
among the factors that make
India a credible manufacturing
investment destination. The country’s
manufacturing prowess has been fur-
ther fuelled by the government’s inno-
vative initiatives such as Make in India,
Smart Cities and Skilling India.
Having emerged as a high growth sec-
tor, India is expected to become the fifth
largest manufacturing country in the world
by 2020. Against this backdrop, global
manufacturing giants like GE, Toshiba and
Boeing are in the process of setting up
manufacturing plants in the country, even
as existing players are expanding capaci-
ties and operations.
With India on the path to becoming
a leading manufacturing hub, there are
several imperatives that drive this growth
and help maintain the momentum. With
singular manufacturing units adding up to
make the colossal industry, the productiv-
ity and efficiency of each of the units contrib-