Open AccessContract Manufacturing: The Boon for Developing Economies
Author(s) -
Babita Singla,
Amandeep Singh
Publication year - 2019
Publication title -
international journal of innovative technology and exploring engineering
Language(s) - English
Resource type - Journals
ISSN - 2278-3075
DOI - 10.35940/ijitee.l3281.1081219
Subject(s) - competition (biology) , business , work (physics) , industrial organization , arbitrage , manufacturing , order (exchange) , market economy , economics , marketing , finance , engineering , mechanical engineering , ecology , biology
The paper highlights about the Business to Business Scenario in India mainly in terms of the status of contract manufacturing approach. This work also tries to find the role & importance of contract manufacturers in the Indian Industry. The impact of various factors like regulatory pressure, industry competition, change in patent regime & labour cost arbitrage is also looked upon. The paper highlights the need for contract manufacturing in this particular sector for domestic & international sales. The paper concludes by emphasizing on the fact that the industry is in growth stage and if it is able to integrate various growth factors, it’ll be one of the most promising sectors in India.