Leveraging on India: Best Practices Related to Manufacturing, Engineering, and IT

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If you’re in the manufacturing business, you’d be foolish not to look to India as a center for production. The country is well positioned to produce labor-intensive, high-volume products at a fraction of the price that they can be produced in the United States and elsewhere. Whether its raw castings, machined castings, forgings, fabrication parts, or something else, India should be part of your business plan. It’s not just the extreme differential in wages that should convince you to do business in India: Suppliers there remain committed to protecting the intellectual property rights of Western countries-something that is sorely missing elsewhere. There are, however, challenges to doing business in India that you’ll need to navigate. For instance, many Indian entrepreneurs do not deliver on promised delivery dates, and delays can be frustrating. But as costs in India continue to stay low or even go down-and as costs elsewhere continue to go up-doing business in India makes sense. Filled with charts, statistics, comparisons with other countries, and insights on India’s culture and people, Leveraging on India is an important resource for anyone in the manufacturing business.