Reminders

India as a manufacturing hub from chocolates to consumer electronics

By S Ramachandran – August 30, 2014
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A few multi nationals recently announced their interest to develop India as a manufacturing hub. According to Samsung's President & CEO BD Park, India is set to be the next global factory with China losing its competitive edge due to rising labour costs. Samsung has 2 factories in India manufacturing a wide range of white goods from washing machines to smart phones for local demand and for export. Irene Rosenfeld, Chairman & CEO of Mondelez International which owns the popular Cadbury brand announced that India would be looked at as the manufacturing hub for the region in the years to come.

 

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