Dawn of contract cosmetic manufacturing across India and the world
There is no role of China this time as we will talk about India. Contract cosmetic manufacturers of India are the players grabbing major spotlight this time. After the U.S. and China, India is the 3rd largest economy in buying power parity. India has abundant of engineers and factory workers, its intellectual property is respected by the world and you can easily get English-speaking managers in the country. What is the reason behind this attention? Maybe the promotion of “Make in India� initiative taken by PM Narendra Modi to promote manufacturing in India is the reason why Indian cosmetic manufacturers are getting featured. People from across the globe are getting to know more about the culture of the country and specialties. To determine if India is a good candidate to perform your operations, it is critical to know and understand the opportunities of doing business in the country. There is also need to know about the challenges. American companies are getting success stories in India: While American companies are initially commencing to explore manufacturing potential of India, manufacturers are already seeing numerous examples explaining the success story of these efforts. Take an instance of Chicago-based Abbott, which operates in 150 countries and owns leading brands like Similac infant formula. The company recently built a manufacturing
facility in Gujarat (Jhagadia to be precise) to compete in India’s large growing nutrition market. India became one of the first expansion markets for Abbott, after Canada and the UK and now it is the third largest market globally. All six of the business units of Abbott are present in the country. The company VP said that India is one of the fastest growing markets across the worldhaving young population, strong macroeconomic indicators, politically stable government making efforts to accelerate reforms, and a big consumption story. International companies don’t have to build their own manufacturing facilities in their place. They can simply rely on India-based factories and avail contract manufacturing services at competitive rates. Contract manufacturing option is best because there is no need to setup any factory, you don’t need to invest in resources and labor. You just need to contact manufacturers and they will make up your product. Contract cosmetic manufacturers, contract pharma manufacturers, contract skin care products manufacturers are a few instances. For regular updates on cosmetics and contract manufacturing, subscribe to the official web blog of contract manufacturers. This Article is originally Posted on:http://beauty-and-care-info.blogspot.in/2016/11/dawn-of-contract-cosmeticmanufacturing.html