August 24, 2021
1 min read

India is second-most attractive global manufacturing hub: Report

India and the United States have switched placed (second and third respectively), according to the index….reports Asian Lite News

India has emerged as the second most popular manufacturing destination in the world, just one notch below China, according to Cushman & Wakefield’s Global Manufacturing Index 2021.

India and the United States have switched placed (second and third respectively), according to the index.

“India could benefit from plant relocations from China to other parts of Asia due to the already established foundations in the pharmaceutical, chemical and engineering sectors that continue to be the center of the US-China trade war. However, reforms to both land and labor laws are critical to India’s success as a global manufacturing location,” the report added.

The Baseline Scenario of the index gives equal weightage (40 per cent each) to a country’s operating conditions and cost competitiveness. Risk has been assigned a 20 per cent weightage.

The index ranks India third – behind China and Indonesia – when it comes to the cost factor as a manufacturing location.

According to Cushman & Wakefield, the Manufacturing Risk Index (MRI) assesses the most suitable locations for global manufacturing from among 47 countries in the EMEA (Europe, the Middle East and Africa), Americas and Asia Pacific.

The report has assessed these countries based on four key areas:

* Bounce Back – Projected ability to restart manufacturing operations as vaccines are rolled out

* Conditions -The business environment including the availability of talent/labor and access to markets

* Cost – Operating costs include labor, electricity and real estate

* Risks – Political, economic and environmental (India News Network)

ALSO READ: India improved its tourism ranking: Modi

Previous Story

Jaishankar to brief parliamentarians on Afghanistan situation on August 26

Next Story

‘Removal of 387 leaders of Moplah Rebellion is political’

Latest from -Top News

Pahalgam Bled, But Kashmir Didn’t Bow

Pahalgam was the latest act in a long campaign of Pakistan-based militancy aimed at destabilizing Kashmir, especially as the region has gained strength through development,…writes John Spencer On April 22, 2025, gunmen

India–EFTA Trade Deal Gets Swiss Nod

Switzerland Ratifies Landmark EFTA-India Trade Pact, Paving Way for $100 Billion Investment…reports Asian Lite News Switzerland has ratified the Trade and Economic Partnership Agreement (TEPA) between India and the European Free Trade

Jaishankar Meets SCO Chief

Jaishankar is on a three-day visit to China to attend the Foreign Ministers’ Meeting of the SCO member states being held in Tianjin….reports Asian Lite News External Affairs Minister S. Jaishankar met

Jaishankar Bats for Better Ties with China

Jaishankar underlined the importance of open dialogue and the exchange of perspectives as essential between two major neighbours and economies….reports Asian Lite News External Affairs Minister S. Jaishankar, in talks with Chinese

UN slams resumption of Houthi attacks

In the first such incidents for more than six months, the Yemeni group seized and then scuttled two Liberian-flagged bulk carriers operated by Greek shipping firms, leaving four seafarers presumed dead and
Go toTop

Don't Miss

JD-S claims of getting KCR’s backing in Karnataka elections

Kumaraswamy also declared that he welcomed the transformation of TRS

India’s Foreign Secretary due in Nepal

The Indian diplomat will also call on President Bidhya Devi