The company says India, with its huge domestic market and established industrial base, offers a robust manufacturing hub for global supply chains. Its young and skilled labour force is an added asset in terms of talent and cost-effectiveness.
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Mumbai-headquartered Mahindra Group has announced that as India ramps up efforts to position itself as a global manufacturing and supply chain landscape, it aims to help American companies enhance their international footprint and expand by leveraging the advantages of the country.
It will support interested companies in setting up their manufacturing base in India in a range of ways, including
Through an integrated approach to manufacturing (infrastructure, supply chain, technology/automation, and others)
A modular plug-and-play suite of offerings
Experience sharing on regulations and compliance; and (iv) environmental, social and governance (ESG) focus.
With India as the fulcrum for its manufacturing operations, the Mahindra Group offers self-sufficient industrial parks at strategic locations and expertise to guide companies through the approval processes. It will also offer cost-effective solutions for manufacturing and logistics needs, amongst others.
Leveraging Group synergies
Complementing these efforts, International Finance Corporation (IFC) – the largest global development institution focused on the private sector in emerging markets – will offer bespoke equity and debt financing solutions for these companies. IFC has deep expertise in the manufacturing sector globally and offers valuable guidance leveraging its presence in India for local context and insights gained over six decades in the country.
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The company says India, with its huge domestic market and established industrial base, offers a robust manufacturing hub for global supply chains. Its young and skilled labour force is an added asset in terms of talent and cost-effectiveness.
Moreover, with a thriving start-up ecosystem, India is well positioned to drive economic growth and serve as a nerve centre for disruptive ideas and technologies. The country has also achieved substantial manufacturing complexity across sectors, showcasing its competitiveness and readiness.
Dr Anish Shah, MD & CEO, Mahindra Group, said, “With this bold move, we will empower American businesses to unlock the immense potential of manufacturing in India. We are committed to leveraging our experience, capabilities, and expansive scale thereby strengthening the global manufacturing landscape. Together, we will forge a path towards a shared, prosperous future, marked by strong collaboration and growth.”
The initiative’s modular approach will further allow businesses to select products, services, and financing options from the Mahindra Group’s entire suite of offerings based on their exclusive requirements. With a demonstrated commitment to the highest ESG standards, sustainable manufacturing solutions will be a key component of the initiative.
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The Mahindra Group also has extensive experience in regulatory and policy matters, with an in-house team of experts, who will lend their expertise to give American companies a head-start on their manufacturing journey in India.
