While the cost of living is rising with each passing day, it puts enormous pressure on the male to be the sole breadwinner of a family. The need for a female member to provide almost equally is felt more acutely now compared to our previous generations.
Renowned manufacturing consultants in India show that the nation has witnessed a remarkable increase in the number of women entrepreneurs over the last few decades. They’re walking into almost every industry, making use of their educational background, entrepreneurial abilities, and passion to take the manufacturing industry to greater heights.
Women are typically known to be multitaskers, balancing home and careers, and this ability has set the platform for many to become job creators rather than job seekers. While the nation is moving ahead and making rapid strides in many ways, women becoming successful entrepreneurs and carving a prominent place for themselves, contributing to the economy has increased severalfold.
According to elite industrial consultants, the manufacturing industry in India is a significant pillar of the economy, contributing to 18% of the nation’s GDP. If you dig further, the manufacturing sector in India is positioned to reach $1 trillion by 2025.
India is also attracting huge amounts of FDIs into the manufacturing sector, and its now emphasizing on encouraging MSMEs and NexGen entrepreneurs to enter into manufacturing to make India a leading global manufacturing hub.
A detailed action-plan from the Government is helping boost domestic manufacturing by offering incentives to budding entrepreneurs, including women entrepreneurs, willing to enter the domain, empowered by the paradigm shift for producing indigenous products in the domestic market.
Manufacturing consultants stress that the time couldn’t be better for women to enter the country’s manufacturing sector and start a venture driven by a vision to transform the sector and the economy with results that define a new chapter in the global manufacturing arena, right here in India.