The consulting market in the Industrial Inspections and Quality Control (IQC) field in India is in a state of robust development, which can be explained by a set of factors that characterize the overall economic and industrial development. This sector plays a crucial role in maintaining quality and compliance with standards, which is becoming paramount due to the country’s push to be an export powerhouse. This growth is attributed to increasing industrial and manufacturing industries that are well supported by the government. At the same time, India has been very aggressive on its ‘Make in India’ campaign and being a key player in the global supply chain, quality and safety is a major focus. Indian government’s policies to increase industrial production along with FDI flows offer a favourable climate for the expansion of the IQC consulting market. In addition, technological developments are equally instrumental in the development of this particular market.
Also, there are new and higher requirements and the regulation of the standards, which forces the companies to look for professional help. The specific requirements for quality assurance are rather high in such fields as pharmaceuticals and autos, textiles and electronics. This regulatory pressure forces the companies to seek the services of consultants who are in a position to explain the intricate quality needs and provide unique solutions. Sustainability and environmental compliance is also a factor that has helped the market as firms seek to be more environmentally conscious.
In the current issue, we introduce you to the top companies in these segments. In this issue, Industry Outlook has identified the select few companies that have done particularly well in these industries with a high level of dedication. We have found that these companies have gone the extra mile in proving their commitment to meet the customer needs in an integrated manner.
We welcome your feedbacks and suggestion that you may have concerning this special issue.
