India’s manufacturing sector activity in June 2018 grew at the strongest pace this year, supported by rise in domestic and export orders, according to a monthly survey. The Nikkei India Manufacturing Purchasing Managers Index (PMI) rose to 53.1 in June from 51.2 in May, registering the fastest improvement since December 2017. This is the 11th consecutive month that the manufacturing PMI remained above the 50-point mark - a score above 50 means expansion, while below that denotes contraction.
Following it’s Make in India launch, the country which is the third largest growing economy of the world has further established itself as the manufacturing destination for various global MNC’s owing to its demographic advantage, infrastructural facilities, the various incentives and plans that promote manufacturing as well as profitable investment opportunities in various sectors like Automotive, Engineering, Textiles, Pharmaceuticals, etc.
In this context, the Indo-French Chamber of Commerce & Industry (IFCCI) is conducting a breakfast-led seminar on the 31st of August 2018, at Novotel Bengaluru Techpark from 08:15 AM - 11:30 AM to bring forth prime European and Indian industry players to discuss:
- The current scale and size of the manufacturing sector in India
- The scope, challenges and opportunity that India presents
- Investing / Expanding in the southern states of India
- Innovations in the manufacturing sector and importance of sustainable manufacturing