Latest news with #NationalIndustrialCorridorDevelopment
Time of India
29-06-2025
- Business
- Time of India
Policy miss: 71% of small manufacturers say government skill schemes haven't helped
This is an AI-generated image, used for representational purposes only. A majority of small manufacturing enterprises in India say government-run skill-training initiatives are failing to reach them effectively, with 71 per cent reporting no benefits from such programmes, according to a report by Cushman & Wakefield. The survey, part of the firm's report 'Elevating India's Manufacturing Resilience: Charting the Path to Self-Reliance', highlights major gaps in talent support to Micro, Small and Medium Enterprises (MSMEs). According to news agency ANI, around 61 per cent of MSMEs overall said they had not received any support from government skill and talent programmes, while just 39 per cent confirmed any benefit. The disconnect is sharpest among smaller firms, those employing fewer than 500 people. The report notes that MSMEs employ four out of every five workers in the manufacturing sector and contribute to 40 per cent of the output. Yet, productivity remains low. A worker in an MSME generates only 14 per cent of the output compared to one in a large enterprise. Comparable firms in other emerging economies are already nearing 30 per cent output per worker, while the gap is even narrower in developed nations. Cushman & Wakefield's executive managing director Gautam Saraf said bridging capacity and cost gaps in areas like logistics, integrated facilities, and MSME productivity is vital. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 5 Books Warren Buffett Wants You to Read In 2025 Blinkist: Warren Buffett's Reading List Undo 'Plug-and-play industrial parks, multimodal logistics networks, and improved land aggregation frameworks are not just enablers—they are essential levers for converting policy momentum into production-ready outcomes,' he said, as quoted by ANI. Interestingly, while skill initiatives lag, infrastructure spending is having a strong impact. About 88 per cent of respondents said projects like Bharatmala, Sagarmala, Dedicated Freight Corridors, and the National Industrial Corridor Development had influenced their capital expenditure plans. In fact, 93 per cent reported better operating efficiency and profitability where modern industrial parks and corridors are present, and 94 per cent of large enterprises credited infrastructure upgrades as key to their growth. However, long-term competitiveness is still threatened by high logistics costs, limited warehousing (0.2 sq. ft. per urban resident in India compared to 47.3 sq. ft. in the US), low domestic value addition (17 per cent vs China's 25 per cent), and skill shortages, especially in MSMEs. These challenges compound existing regulatory burdens. In a separate study by TeamLease RegTech, a typical manufacturing MSME deals with over 1,450 compliance obligations annually, costing Rs 13–17 lakh per year. These span seven legal categories and involve 486 imprisonment clauses, many for procedural lapses. Rishi Agrawal, CEO of TeamLease RegTech, stressed that India must urgently reduce its 'deeply entrenched hostility and inspector raj' to unshackle MSME growth. 'We need to add compliance to India's DPI (Digital Public Infrastructure) stack,' he added, as cited by ANI. The latest findings reinforce calls for a more holistic and MSME-centric policy approach—one that combines skill development with regulatory relief and infrastructure support to truly empower India's 6.45 crore MSMEs. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Time of India
28-06-2025
- Business
- Time of India
Plug-and-Play Industrial Parks: Government infrastructure initiatives boost optimism in India's warehousing sector, ET Infra
Advt Advt By , ET Bureau Slow pace of land aggregation, delayed government approvals, patchy utilities, and poor connectivity to highways and railheads are key factors impeding further expansion of India's warehousing sector, according to a report. The country currently offers just 0.2 sq ft of quality warehousing per urban resident, far behind China's 8.6 and the US's 47.3. This is despite 97 per cent of manufacturing companies surveyed in India by property consultancy Cushman & Wakefield acknowledging improved access to Grade-A warehousing Plug-and-play (P&P) infrastructure has emerged as a key solution. "According to our survey, 88 per cent of manufacturers are scaling up due to infrastructure-led confidence, and over 95 per cent report improved logistics access through government-backed programmes," said Gautam Saraf, executive managing director, Mumbai and new business at Cushman & Wakefield. "To sustain this momentum, India must address deep-rooted cost and capacity gaps, especially in logistics, integrated facilities, and MSME productivity ." Plug-and-play industrial parks , multimodal logistics networks, and improved land aggregation frameworks are not just enablers-they are essential levers for converting policy momentum into production-ready outcomes," Saraf added. The survey was conducted with 94 senior decision-makers across India's manufacturing and logistics sectors, including chief executives, plant heads, and supply chain leaders, capturing a mix of perspectives from large enterprises and MSMEs. These respondents represent a diverse group, with 56 per cent of companies surveyed employing over 500 study revealed high optimism regarding the impact of government-led infrastructure initiatives such as Bharatmala, Sagarmala, dedicated freight corridors, and the National Industrial Corridor Development. As many as 86 per cent of respondents said these initiatives have positively influenced their business operations, while 95 per cent reported improved access to logistics and transport infrastructure "A significant takeaway from our research is the rising importance of plug-and-play industrial parks. These pre-approved, infrastructure-ready zones are helping reduce time-to-market, lower upfront capital expenditure, and mitigate operational risks, especially for MSMEs looking to scale," said Abhishek Bhutani, managing director, logistics & industrial, Cushman & 88 per cent of respondents, the government's infra push has directly influenced capital investment decisions, signalling increased confidence to scale operations. For large enterprises, impact is even sharper-94 per cent say these upgrades have been pivotal in shaping their expansion points to rising momentum in sectors such as automotive, engineering goods, electronics, and chemicals. Simultaneously, third-party logistics and FMCG operators are driving demand for Grade-A warehousing, buoyed by consumption growth and scaling of distribution networks.
Hans India
27-06-2025
- Business
- Hans India
88 pc of manufacturers plan to expand operations backed by India's infra push
New Delhi: The government's infrastructure push has directly influenced capital investment decisions of 88 per cent of manufacturers, signalling increased confidence to scale operations, according to a report on Friday. India's manufacturing and logistics ecosystem is undergoing a significant transformation, driven by strong policy support and large-scale infrastructure investments. Cushman & Wakefield's report, titled 'Elevating India's Manufacturing Resilience: Charting the Path to Self-Reliance,' reveals high optimism regarding the impact of government-led infrastructure initiatives such as Bharatmala, Sagarmala, Dedicated Freight Corridors, and the National Industrial Corridor Development. As many as 86 per cent of respondents said these initiatives have positively influenced their business operations, while 95 per cent reported improved access to logistics and transport infrastructure as a result. For large enterprises, the impact is even sharper — 94 per cent say these upgrades have been pivotal in shaping their expansion plans. While the infrastructure buildout has laid the groundwork for industrial expansion, government policies like the production-linked incentive (PLI) schemes and 'Make in India' are shaping strategic priorities. Over 40 per cent of respondents said these schemes have had the most significant impact on their business. Meanwhile, the National Logistics Policy (NLP) and National Industrial Corridor Development (NICD) were cited by 54 per cent as being especially beneficial, particularly among MSMEs, for whom logistics accessibility and industrial park connectivity are key enablers, said the report. Notably, 77 per cent of the respondents felt that the ease of doing business had improved, with the figure rising to 86 per cent among large-scale firms. 'India's manufacturing sector is undergoing a structural shift. Our findings indicate a strong alignment between infrastructure investment, policy clarity, and industry intent,' said Gautam Saraf, Executive Managing Director, Mumbai and New Business, Cushman & Wakefield. To sustain this momentum, India must address deep-rooted cost and capacity gaps — especially in logistics, integrated facilities, and MSME productivity. 'Plug-and-play industrial parks, multimodal logistics networks, and improved land aggregation frameworks are not just enablers, they are essential levers for converting policy momentum into production ready outcomes,' said Saraf. To support long-term growth, the report lays out a five-pronged strategy: accelerate the development of plug-and-play industrial parks; reassess the parameters that define MSME's to foster scale; fast-track the rollout of multimodal logistics parks (MMLPs); invest in targeted skill development programs; and empower MSME exports through unified digital platforms and incentives.
Time of India
27-06-2025
- Business
- Time of India
Plug-and-play industrial parks to help manufacturing capability of India: Survey
A Cushman & Wakefield survey reveals India's manufacturing sector is poised for growth, fueled by infrastructure improvements and government initiatives. While Grade-A warehousing availability has improved, significant gaps remain in logistics costs, warehousing capacity, and value addition. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Slow land aggregation, delayed approvals, patchy utilities and weak links to highways and railheads are biggest roadblocks for to a survey of top executives of manufacturers by Cushman & Wakefield, 97% of respondents acknowledge improved availability of Grade-A warehousing , but India still has only 0.2 sq. ft. of quality warehousing per urban resident, compared to 8.6 in China and 47.3 in the (P&G) infrastructure has emerged as the solution.'According to our survey, 88% of manufacturers are scaling up due to infrastructure-led confidence, and over 95% report improved logistics access through government-backed programs. To sustain this momentum, India must address deep-rooted cost and capacity gaps—especially in logistics, integrated facilities, and MSME productivity,' said Gautam Saraf, executive managing director, mumbai and new business, Cushman & Wakefield.'Plug-and-play industrial parks, multimodal logistics networks, and improved land aggregation frameworks are not just enablers, they are essential levers for converting policy momentum into production ready outcomes,' Saraf survey was conducted with 94 senior decision-makers across India's manufacturing and logistics sectors, including chief executives, plant heads, and supply chain leaders, capturing a mix of perspectives from large enterprises and MSMEs. These respondents represent a diverse group, with 56% of companies employing over 500 survey reveals high optimism regarding the impact of government-led infrastructure initiatives such as Bharatmala, Sagarmala, Dedicated Freight Corridors, and the National Industrial Corridor Development. As many as 86% of respondents said these initiatives have positively influenced their business operations, while 95% reported improved access to logistics and transport infrastructure as a result.'India's manufacturing sector is at an inflection point—poised for accelerated growth driven by policy support and infrastructure improvements. A significant takeaway from our research is the rising importance of plug-and-play industrial parks . These pre-approved, infrastructure-ready zones are helping reduce time-to-market, lower upfront capital expenditure, and mitigate operational risks—especially for MSMEs looking to scale,' said Abhishek Bhutani, managing director, logistics & industrial, Cushman & 88% of respondents, the government's infrastructure push has directly influenced capital investment decisions, signaling increased confidence to scale operations. For large enterprises, the impact is even sharper—94% say these upgrades have been pivotal in shaping their expansion report points to rising momentum in high-impact sectors such as automotive, engineering goods, electronics and chemicals. Simultaneously, third-party logistics (3PL) and FMCG operators are driving demand for Grade-A warehousing, buoyed by rapid consumption growth and the scaling of distribution networks.97% of respondents acknowledged a marked increase in quality warehousing supply, and 70% confirmed their organization's readiness to expand into Tier II and III cities—enabled by improved infrastructure, multimodal access, and cost arbitrage benefits. Moreover, 81% indicated that they intend to expand their manufacturing or warehousing footprint within the next two to three these advances the report identifies four core challenges - high logistic cost, warehousing capacity lacking global benchmarks, skill gap and low value converts only 17% of manufacturing output into value-added, compared to 25% in China and 36% in South Korea —which means that most Indian factories are still piecing together imported components rather than generating high-value inputs at 94% of respondents stressed the importance of sustained infrastructure creation as essential to improving business outcomes.
Hans India
16-06-2025
- Business
- Hans India
Industrial parks will be set up in AP: Piyush
Guntur: Union Minister of Commerce and Industry Piyush Goyal said the Centre and State governments will jointly set up industrial parks in the state. Along with the Union Minister of State for Rural Development and Communications Dr Pemmasani Chandrasekhar, he conducted a review meeting on National Industrial Corridor Development at the Tobacco Board office here on Sunday. Later, addressing the media, he said industrial parks set up in the state will benefit 1.6 crore families and generate employment opportunities. He urged the farmers not to cultivate tobacco more than limit and added that during the last four years, tobacco farmers got better prices and their income doubled. He assured that he will take steps to solve the problems of the tobacco farmers and expressed satisfaction over the meeting held with Chief Minister N Chandrababu Naidu on industrial development and exports promotion. He said they had discussed tourism promotion. He discussed with the Tobacco Board officials on how to extend helping hand to the Burley tobacco farmers who suffered losses due to falling prices. He directed the board officials to take up skill development programmes with reputed institutes for the children of tobacco farmers and teach French, Japanese and German languages. Minister for R&B and Infrastructure BC Janardhan Reddy, Tobacco Board chairman Chirupothu Yashwant and others were present.
