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Home Manufacturing

Manufacturing: Make in India+reforms boost Indian factory output

Fiinews by Fiinews
December 29, 2022
in Manufacturing
Reading Time: 1 min read
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Bhatt sees greater hiring in metro-Tier I cities

The Make in India and introduction of reforms to boost domestic manufacturing will make India a more attractive destination for investments, TeamLease Services Chief Business Officer Mahesh Bhatt said on 28 Dec 2022.

He sees the domestic manufacturing generating employments with intent to hire being greater in metro and Tier I cities (94%) compared to Tier II cities (73%), Tier III (43%) and the rural sector (23%).

The cities with the highest intent to hire are Mumbai (97%), Bengaluru (94%), Chennai (89%), Delhi (84%) and Pune (73%), according to a TeamLease ‘Employment Outlook Report’, a survey of 301 manufacturing companies across 14 cities in India.

The higher hiring sentiment is driven by large scale enterprises (69%), followed by medium (44%) and small (39%) businesses, according a Press Trust of India, citing the report. fiinews.com

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Fiinews.com features through news articles on business opportunities in the Indian market for the benefits of foreigners. It is also a platform for international businesses to showcase through elaborate articles on their products & services to the Indian consumers and corporations exploiting industrialisation of the country.

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