Global sentiments have changed from ‘Why India?’ to ‘Why Not India!’, and today ‘We must be in India!
India has embarked on a journey to change the present situation of 85 per cent imports and 15 per cent indigenous production of goods/services and turn it around 360 degrees.
Government has already declared that it will stop other countries from participating in local contracts unless Indian firms are given a similar opportunity.
We have the potential to attract an annual FDI in the range of $120- $160 billion by 2025. Last seven years we’ve seen a record FDI, each year breaking the previous record for 7 years in a row.
There are more success stories here than anywhere in the world today, 71 unicorns in India. 43% growth in employment over the same month last year. Our Manufacturing PMI (is high) and Service PMI reached a decade high. The National Single Window System (NSWS) has been launched to serve as a one-stop-shop for approvals and clearance needed by investors. The portal hosts approvals across 32 Central departments and 14 States have been added.
India has all the right ingredients for the Multi-National Corporations (MNCs) and can help MNCs become more competitive at global level to take ‘Brand India’ to the world and be ambassadors of India’s culture, quality and values, driven by highly skilled managerial talent, high quality culture, good business practices, good manufacturing practices, good Corporate Social Responsibility. This is leaving a significant contribution to resilient supply chains & future businesses.
The world is looking at India as a manufacturing base from where the world can "serve a large Indian market and also serve global markets through cost-competitive products".
