Contract Manufacturing: The Boon for Developing Economies
Babita Singla1, Amandeep Singh2
1Babita Singla, Chitkara Business School, Chitkara University, Punjab, India.
2Amandeep Singh, Chitkara Business School, Chitkara University, Punjab, India.
Manuscript received on September 13, 2019. | Revised Manuscript received on 24 September, 2019. | Manuscript published on October 10, 2019. | PP: 367-370 | Volume-8 Issue-12, October 2019. | Retrieval Number: L32811081219/2019©BEIESP | DOI: 10.35940/ijitee.L3281.1081219
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© The Authors. Blue Eyes Intelligence Engineering and Sciences Publication (BEIESP). This is an open access article under the CC-BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)
Abstract: 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.
Keywords: Contract Manufacturing, Original Equipment Manufacture, Food Sector
Scope of the Article: Manufacturing Processes