With a vibrant low-cost economy, political stability, highly educated youth, qualified and skilled labour, India offers an excellent sourcing solution resulting in substantial cost savings.
India continues to emerge stronger with increased capabilities in the areas of :
- Process and quality engineering as many leading MNCs have their large engineering infrastructure based in India.
- Labour costs have not appreciated significantly in the last decade and will remain so for the next decade as well.
- Core Indian culture respects intellectual property rights and most of the companies follow their core values and principles religiously.
- Strong implementation of quality system derived from Japanese Quality Gurus’ principles has laid strong foundation for the ‘Quality Consciousness’ and hence significant presence of TQM and 6 sigma practices across the industry.
- Experts predict cost savings of over 20-30% in sourcing from India without compromising on quality.
- Availability of large pool of enthusiastic and qualified engineers.
- Defence offset benefits to the developed nations.
