MANUFACTURING

India's manufacturing base, which is the fourth-largest among emerging economies, is among the fastest growing and has seen more investments as a proportion of gross domestic product than any country except China. Consequently, manufacturers from across the world are transforming India--which has all the required skills in process, product, and capital engineering, thanks to its long manufacturing history and higher-education system--into a potential manufacturing powerhouse. The sector has been averaging 9 per cent in the last four years (2004-08), with a record 12.3 per cent in 2006-07.

"Every major company has India on its radar screen," says Wharton Professor of Management, Saikat Chaudhuri. And the number of companies, spanning diverse industries, planning to make India their global hub for host of operations has only been increasing by the day.

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