As per the recent report published by Cushman and Wakefield for the year 2021 Global Manufacturing Risk Index stated that India has been ranked as the second-most sought after manufacturing destination in the world. It is second only to China and has surpassed the US to bag the second ranking. India, however, slipped a rank in the cost scenario and was overtaken by Indonesia.
Gobal Manufacturing Risk Index assesses the most advantageous locations for global manufacturing among 47 countries in Europe, the Americas and Asia Pacific.
BASELINE RANKING
| COUNTRY | 2019 | 2020 | 2021 |
| China | 1 | 1 | 1 |
| India | 4 | 3 | 2 |
| United States Of America | 2 | 2 | 3 |
| Canada | 5 | 5 | 4 |
| Czech Republic | 6 | 4 | 5 |
COST RANKING
| COUNTRY | 2019 | 2020 | 2021 |
| China | 1 | 1 | 1 |
| Indonesia | 5 | 5 | 2 |
| India | 6 | 3 | 3 |
| Vietnam | 4 | 2 | 4 |
| Thailand | 7 | 8 | 5 |
As per the report, India could benefit from relocations from China to other parts of Asia, as it already has an established base in pharmaceuticals, chemicals and engineering – sectors that continue to be the focus of the US-China trade tensions. It, however, stated that reforms in land and labour laws are critical to ensure India’s success as a global manufacturing hub.
The baseline scenario gives equal importance to a country’s operating conditions and cost competitiveness.
ASCC Industrial professionals provide local market expertise in India in assisting you with setup your manufacturing/industrial units in India. We offer to help you acquire land for your project and also assist you with complete compliance management related to factory. We can also carry out in-depth studies for finding ideal location for your manufacturing base.
You may kindly feel free contact us.
Ascent Supply Chain Consultants Private Limited, (ASCC)
406 Raheja Arcade, Sector-11, CBD Belapur,
Navi Mumbai – 400614, MH – India.
Tel: 022 4897 4888
+91 22 4897 4888
Email: info@ascc.in
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