India Ranks 3rd In Global Manufacturing Risk Index – Free PDF Download

• Cushman & Wakefield plcis a global commercial real estate services firm.
• The company operates from approximately 400 offices in 60 countries.

• Cushman & Wakefield annually publishes Global Manufacturing Risk index among 48 countries in Europe, Americas and the Asia-Pacific.
• It assesses the most suitable locations for global manufacturing.
• MRI scores each country against 20 variables that make up the three final weighted rankings that cover conditions, cost and risk.

Special addition in 2020 Index

• The COVID-19 pandemic has underscored the manufacturing sector’s reliance on global production lines and supply chains.
• Location decisions will be vital for manufacturers seeking to safeguard production lines while plotting a path to profitability.
• The MRI 2020 includes analysis of the impact of Covid-19 on the global manufacturing sector and ranked countries by their projected ability to restart their manufacturing sectors once confinement measures are relaxed.

Findings of the Index

• India ranks third in the list of most-suitable locations for global manufacturing among 48 countries in terms of cost competitiveness and operating conditions.

• In cost scenario, India is at 3rd position after China and Vietnam.

Manufacturing Hub: India

• As per property consultant Cushman & Wakefield India is an upcoming manufacturing hub globally from an operating conditions and cost-competitiveness perspective.
• In the backdrop of the COVID-19 scenario, the Indian government has reiterated its agenda to launch fresh measures,
• That would give a boost to setting up of a more conducive environment to make India a manufacturing hub.
• However, India ranks 30th in risk scenario.

Latest Burning Issues | Free PDF

Sharing is caring!