A Definitive Real Estate Overview of India’s Major Manufacturing Hubs
GURGAON, August 4, 2014: International property consultancy JLL India has released its latest research report ‘Manufacturing Destinations of India: A Real Estate Overview’. In this report, JLL India analyses the primary manufacturing hubs of India, points out what makes them tick and outlines growth opportunities for manufacturing occupiers in India over the coming years.
The report covers the manufacturing hubs of:
- Delhi NCR
Nirav Kothary, Head – Industrial Services, JLL India says, “The Indian manufacturing sector has steady growth in the past, even in the most worrisome periods of the global economic slowdown. The new government has now identified infrastructure development as a high-priority point on its agenda, and this opens up the growth opportunities for a wide range of manufacturing industries as well as in other sectors. The entry of foreign manufacturing companies with technology-based orientation is helping India create a core and contemporary manufacturing sector, fed by ancillary manufacturers that rely on simple technical skills.”
The Government of India has announced a national manufacturing policy with the objective of enhancing the GDP share of manufacturing to 25% within a decade, and creating 100 million jobs. It also seeks to empower rural youth by imparting necessary skill-sets to make them employable. Sustainable development is integral to the spirit of the policy, and technological value addition in manufacturing has received special focus.
“India is visibly moving toward high-end manufacturing, with the government announcing multiple reforms and policies in the sector,” says Nirav Kothary. “India is increasingly adopting a global approach to become a strategic player on the international platform. To achieve the desired growth rate for the manufacturing sector, exponential growth in the country‘s exports is very necessary. To this end, the Department of Commerce has formulated a strategy for doubling India’s exports to accelerate the growth of manufacturing exports. The targeted benchmark is USD 534 billion by 2016–2017.”
Click here to download the report Manufacturing Destinations of India: A Real Estate Overview