We are starting with a line of Martin Luther king Jr. 'If you can't fly then run, if you can't run then walk, if you can't walk then crawl, but whatever you do you have to keep moving.
According to a study by global management consulting firm McKinsey and Company, the manufacturing sector in India could grow six-fold to US$ 1 trillion, by 2025. The rising demand in the country and the aspirations of multinational companies (MNCs) to establish low-cost plants in India, are seen as reasons for this possible growth. India’s rapidly expanding economy gives domestic entrepreneurs a vast opportunities to invest in new and conventional technology.
India’s manufacturing sector is vital for its economic progress. Its contribution to the GDP is 16 per cent, with the potential to grow more. when we are talking about manufacturing sector then its wholly combine the Machine Tools, Plastic, Wood Working, Printing & Packaging segment. The new technologies and conventional machine which is less labour oriented and high on accuracy & effectiveness to deliver a desired jobs. These machines are continously running even 24 hours.
In plastics about 150 manufacturers are expected to invest nearly Rs 3,000 crore (US$ 484.82 million) in the proposed plastics park at Dahej in the Bharuch district of Gujarat. Some small-scale sector firms have already booked plots to establish their units in the 200 acres allocated by the state government, as per Mr Raju Desai, Chairman, Plastivision India. Each of these units will invest in the range of Rs 10–25 crore (US$ 1.61-4.04 million).
Deloitte’s global index for 38 nations (2013) ranked India as the fourth most competitive manufacturing nation. The country’s economy saw massive expansion in the period 2006–2011, attaining a five-year Compound Annual Growth Rate (CAGR) of 7.8 per cent.
The Indian Printing Industry is one of the biggest and fastest growing sectors. The printing industry revenue growth has consistently outpaced national GDP growth 8.5%. It is estimated India has over 200,000 printing presses with a capital investment of over $ 2 billion.
Today, India is the third largest of the Asian Markets for printing equipment and consumables. The overall print market in India is expected to grow to $25.1 billion in 2012 from $12.6 billion in 2006, making a compound annual growth rate of 12.2 per cent. However, the digital market is expected to grow at a higher rate of 25 per cent from $600 million in 2006 to $2.3 billion in 2012.
The Indian medical device and equipment market is expected to grow to around US$ 5.8 billion by 2014 and US$ 7.8 billion by 2016, growing at a compound annual growth rate (CAGR) of 15.5 per cent, according to a report by Grant Thornton India. India’s medical device market is currently the fourth largest in Asia with 700 medical device makers, and ranks among the top 20 in the world.
We have seen a tremendus oppotunities in these areas and sky is the limit.