With the Make in India push of the central government, manufacturing has emerged as one of the high growth sectors in India. The government aims to create 100 million new jobs in the sector.
As a nation India has taken big strides in the growth of its Services sector. Doing the same with Manufacturing is seen as a key strategic requirement with the eventual aim of greater self-reliance.
There are many industries raring to go.
India is already one of the largest steel producers in the world. With abundant manpower and significant iron ore reserves, it is projected to grow rapidly. Consolidation in the industry is also leading to external investments flowing in.
Textiles is one of India’s oldest industries. With artisanal, crafted produce on one end of the spectrum and capital-intensive machinery-driven mills on the other, it offers abundant variety. The organisation of retail, the rise of e-commerce platforms and rising disposable incomes will fuel demand. Its ability to create jobs also makes it a favorite of policy makers.
Electronic hardware, renewable energy, mobile phones, consumer durables, and many other sectors are going through a phase of renewal and expansion with a view to the future. Manpower supplier Ushankk will play a key role in fulfilling the human resource needs of these industries.
The growth of the auto industry has shown the way, in a way. India is a prominent auto exporter and has strong export growth expectations for the near future. A strong auto sector has created a network of mid-size companies who supply components and parts to the auto companies.
The growth is not limited to four wheelers. Several initiatives by the government and the major automobile players in the Indian market are expected to make India a leader in the two-wheeler and four-wheeler market in the world.
It is not just the auto makers who are looking for talent. The numerous suppliers and partners the industry has spawned are also on the lookout for qualified resources. Many of them look at Ushankk, a staffing company, to overcome their resource challenges.
In order to keep up with the growing demand, several auto makers have started investing heavily in various segments of the industry.