New Delhi: India should position itself as a global manufacturing hub due to its cost-efficient ecosystem, said Manish Sharma, President and CEO (India and South Asia), Panasonic India, while speaking at a function organized by the industry body – FICCI – recently.    

The necessity to re-imagine supply chains is the highest in these times. Now is the time when India should position itself as a global manufacturing hub and initiatives like ‘Make in India’ and production linked incentive (PLI) is towards this vision, he added.

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

Arijit Sen, Vice President, Government Affairs, Vivo, India, reiterated that we need to focus on component manufacturing rather than just assembly going forward. Local value addition within India can be significantly higher, he noted.

Takahiro EBISU, the CEO, Sojitz India Pvt Ltd India, said that India is 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 is working towards the vision of CO2 neutral manufacturing by focusing on EV.