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Business EconomyPosted at: Sep 14 2021 7:21PM


India should position itself as global manufacturing hub due to its cost-efficient ecosystem: Manish Sharma

New Delhi, Sep 14 (UNI) Manish Sharma, President and CEO (India and South Asia), Panasonic, on Tuesday said that India should position itself as global manufacturing hub due to its cost-efficient ecosystem.

Speaking at the virtual ‘LEADS 2021’ session on East Asia Session on Future of Global manufacturing partnerships with India’ organized by FICCI, Mr Sharma, President and CEO (India and South Asia), Panasonic, India, said,'' The necessity to reimagine supply chains is highest in these times. Now is the time when India should position itself as Global Manufacturing Hub and initiatives like Make in India and PLI are incentives towards this vision.''

Dilip Chenoy, Secretary General, FICCI, highlighted that India provides excellent opportunity to the world especially eastern countries to manufacture with cost efficient ways, in the backdrop of great initiatives by Government of India.

Arijit Sen, Vice President, Government Affairs, Vivo, India said, ''We need to focus on component manufacturing rather than just assembly going forward. Local value addition within India can be significantly higher.''

Takahiro EBISU, CEO, Sojitz India Pvt Ltd India, said that India was an attractive destination for Japanese companies for manufacturing for not only expansion of existing investment but also new investments.

Fumitaka Taki, Chairman and MD, Denso International India Pvt Ltd, highlighted how Denso was working towards the vision of CO2 neutral manufacturing by focusing on EV.

LEADS is curated as a strategic platform for global leaders from Asia, Europe, Africa, CIS, Americas and the Pacific, to deliberate on the tenets of Leadership, economic Excellence and Adaptability to change and to build on pillars of Diversity and Sustainability.
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