The extra challenges that SME manufacturers face

Good article posted on NGM Update:

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Small manufacturers have claimed for years that they have a tougher road to profitability than larger manufacturers, and new data seems to back them up. This year’s Next Generation Manufacturing Study found that while four out of five manufacturers were profitable in their most recent fiscal year, large manufacturers are far more likely to have solid bottom lines than smaller competitors.

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Can India's National Manufacturing Policy create 100M jobs?

Sourced from the Manufacturing Executive - this is an interesting post that outline India's plans for manufacturing up to 2025.

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As proposals for its National Manufacturing Policy continue to move through India’s government committees, industry groups are expecting a potentially massive impact on employment and a substantial boost in manufacturing - up to 25% of GDP by 2025.

Chandrajit Banerjee, director general of the Confederation of Indian Industry commented: "It aims to create 100 million jobs and put the manufacturing sector into a high growth trajectory, making India a favored destination for manufacturing."

Currently the manufacturing sector contributes 15% to India's GDP,compared to other emerging economies such as China with 34%, 40% in Thailand and 26 to 30% in South Korea, Poland, Turkey and Malaysia.

* * * *Click here to read the full post.