How Public-Private Partnership can cheer up Indian Manufacturing?

   2021-08-18       2        Manufacturing
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Public-Private Partnership can amplify Indian Manufacturing through fraternizing the resources and improving the operational efficiencies

For the last some decades, the global market was witnessing China as a global manufacturing hub but the dynamic missions like Make in India and attaining a 5 trillion economy by 2030 has geared up the indigenous manufacturing in the country. Therefore, India is now, under the surveillance of the global market and investors all over worldwide. It is the right time to strike the hot iron. It is now, time to amalgamate the private sector with the government sector to refurbish Indian Manufacturing.

The mutual alliance of the government and private agencies can scale up the native manufacturing assets at a mass level and make them meet the requirements of modern global standards. This can be a game-changer in boosting the operations of Finance, supply chain, management and public transportation thereby, unlocking the door of making them first in the checklist of the global market.

The partnership of government and private firms will unbolt the large scale industrial projects by imbibing the combination of technology and innovation of private industries with the incentive support of government. It will help in sweeping off the risks involved from the government as well as the industry side. The risks such as underdog technology, inability to meet the quality standard, inefficient skill training plans and unperceived exploitation of the resources will be wiped out through the teamwork of the government and private companies….Read Full Story

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