Description
India is emerging as the global hub for the manufacturing industry. With an abundance of cheap and skilled labour, continuous improvement in ease of doing business and of course a buoyant domestic market, companies all over the world are eyeing India to exploit the opportunity and establish a presence here. In the process of setting up an establishment in a foreign country, companies are often faced with several issues that can hinder a smooth setting up of operations. Sourcing raw materials, components and labour while complying with the local laws can be a major challenge. It could be a time consuming and tedious process for the companies when they have no local help. Importantly, raw materials and critical components and spare parts should be procured from reliable sources without compromising on quality and delivery schedules.
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