‘Make in India’ ambitious to see India on the world map as a manufacturing hub and give global recognition to the Indian economy. India’s ranking among the world is in the sixth position in 2015. Startups that are building products that belong to the manufacturing sector, is one among the most welcomed by the Make in India. This article will help you prepare, and plan to run a successful manufacturing startup in India., more of a.
Performance of the sector:
- India’s manufacturing sector has the potential to touch US$ 1 trillion by 2025.
- In a major boost to the ‘Make in India’ initiative, Investors have committed INR 15.2 trillion (US$225.32 billion) in investment.
- Electronic exports from India reached USD6.1 billion in FY15, over FY07?15, exports from the sector (CAGR: 10.2 percent)
- The Government of India has set a goal to see 25 percent of Gross Domestic Product (GDP) from manufacturing sector by 2025, from 16 percent currently.
The complete guide to a run a manufacturing startup in India:
Start-up process entails complex procedures and many bureaucratic hurdles, entrepreneurs are better off using professional services. Hiring a virtual lawyer and virtual accountant can save time and help ensure that the process goes smoothly. For any Legal and Accounting support, Happy to help you, let us talk!