Magnifying The Potential of the Manufacturing Sector

Unlock unparalleled efficiency and innovation in the manufacturing sector with advanced procurement solutions. Drive growth, reduce costs, and streamline operations by leveraging cutting-edge technologies tailored for the industry’s evolving needs.

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Domestic and Global Overview Of The Manufacturing Industry

The manufacturing sector is a key driver of economic growth, development, and employment in India, employing over 30 million people and encompassing more than 5 million units in rural areas. With government initiatives like 'Make in India,' the sector is poised to achieve a 25% GDP share by 2022 and reach US$ 1 trillion by 2025.

Globally, the manufacturing industry is growing at a steady 3% annually, contributing 30% to global GDP. Key growth drivers include. Taking into account the Global manufacturing sector scenario, focusing on the value chain is more crucial than ever for enhancing efficiency and identifying gaps to achieve a higher profit margin.

To achieve unprecedented growth, the Manufacturing sector should focus on

Government Initiatives

These initiatives create a conducive business environment, promote indigenous production & innovation, and develop a skilled workforce.

Investment In Technology

Invest in technologies like AI/ML, IoT, automation, and robotics to stay competitive, and increase productivity and efficiency

International Investments

They will bring in advanced technologies, capital and contribute to the overall growth of the sector.

Advanced Technology

Manufacturers can produce high-quality products, reduce costs, and improve supply chain management.

Public-Private Partnerships

These boost production and also increase employment opportunities.

Operational Efficiency

Implement lean manufacturing practices, reduce waste, and streamline processes to significantly increase profit margins.

Challenges Faced By The Manufacturing Sector

Despite its potential, the manufacturing sector in India faces several challenges that hinder its growth and development. Some of the major challenges include

Tech for Insights & Precision

Adoption of technologies like data analytics, smart sensors and IoT are yet to become standard practices in the industry.

Workforce Skill Development

The sector struggles to find skilled workers and lacks proper training programs.

Attracting Global Players & FDI

Attracting foreign investments and global players is essential for the growth of the sector, but regulatory hurdles and inadequate infrastructure hinder their entry.

Customer-Centric Value Chains

The sector needs to shift from traditional production practices and focus on customer-centric value chains to stay competitive in the market.

C1 Global e-Procurement Solutions for the Manufacturing Sector

At C1, we understand that e-procurement is essential to establishing India as a global manufacturing force. Our products are made to give producers access to cutting-edge resources like expenditure analysis and expense control. By offering actionable data, these technologies help businesses find ways to cut costs, improve supply chain efficiency, and streamline procurement procedures.

We assist manufacturers in increasing operational agility, cutting expenses, and maintaining competitiveness in a rapidly changing global market by streamlining procurement difficulties and guaranteeing data-driven decision-making.

Our solutions align with the manufacturing sector’s goals to boost productivity, achieve cost leadership, and support India’s vision of becoming a global manufacturing hub.