India’s manufacturing can’t scale up to global standard

By admin June 17, 2013 8:34 am IST

“The government’s target to achieve 25 per cent of manufacturing share in GDP does not look very achievable”
– Samir Gandhi, Director, Gandhi Automations Pvt. Ltd.
The manufacturing sector plays a pertinent role in the global economic growth. It creates indefinite jobs in the society and delivers consumer solutions for accelerating economic stability in the economy. Manufacturing is a critical intermediary in the economy of a country. It has contributed a consistent share of almost 15 per cent of the GDP over the last decade. Samir Gandhi discussed about the manufacturing industry as well plan to capture the overseas market.
Limited growthGandhi Automations has sluggish 1st two financial quarters. The company experienced limited growth during that time. However, its growth during the second half of the financial year made it up for the slowness faced in the first 6 months. Its top line growth for the financial year was 27 per cent and it crossed `100 crore mark.

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