| | JULY 20228C OVID-19 has revealed the fragility of the global medical and health, food, electricity, cars, telecommunications equipment, electronics, and numerous other products' supply chains. Some businesses have started to set up more locations to reconfigure their procurement and production facilities and achieve more reliability and durability in their supply chains. Manufacturing is one of the high-consumption industries in India. India's initiative 'Made in India' positions India on the world map and pays global attention to the Indian economy. The government plans to create 100 million new jobs by 2022. The GDP manufacturing sector expanded by an average of 9.5 percent per year between the fiscal year 2006 and fiscal year 2012. Then growth decreased to 7.4 percent over the next six years. Manufacturing accounted for 17.4 percent of India's GDP in the fiscal year 2020, compared to 15.3 percent in 2000. In the past 13 years, India's manufacturing share of the jobs sector has increased by just one percentage point over the past 13 years compared with the five- point growth in the services industry.Germany will either be establishing or developing production facilities in India attracted by the Indian market of more than a Milliarden of customers and growing buying power. India is now attractive to the world's giants such as GE, Siemens, HTC, Toshiba and Boeing. India was among the top 10 Foreign Direct Investment (FDI) rewarders in South Asia in 2019, receiving $49 billion, a 16 percent improvement on the prior year, according to United Nations Conference on Trade and Development (UNCTAD).INDUSTRY INSIGHTSNEW INVESTMENTS & GROWTH IN THE MANUFACTURING INDUSTRYBy Rajesh Khosla, President & CEO, AGIRajesh Khosla, President & CEO
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