Why choose India ?
Since 1995, Bridges has been helping our customers build a better world – making sustainable progress possible and driving positive change on every continent.
Overview
India has experienced steady economic growth over the past decade, with an average annual GDP growth rate of around 7% and has been undergoing rapid industrialization, particularly in the automotive and aerospace industries. This has led to an increase in the demand for precision machined parts and components.
2022 – 2023
GDP growth rate expectations
Favorable government policies
The Indian government has implemented various policies to promote the growth of the manufacturing sector, including the Make in India initiative which aims to make India a global manufacturing hub. This has led to an increase in foreign investment in the country, including in the machining sector.
2010
National Manufacturing Policy : This policy aims to increase the share of manufacturing in the Indian economy from 16% to 25% by 2025. It also aims to create 100 million jobs in the manufacturing sector.
2014
Make in india : Promote the growth of the manufacturing sector in the country. It aims to make India a global manufacturing hub by encouraging foreign investment and promoting domestic manufacturing.
2017
Goods and Services Tax (GST): This tax reform, implemented in 2017, aims to simplify the indirect tax system and make it easier for companies to do business in India. It is expected to increase the competitiveness of the Indian manufacturing sector.
2020
Foreign Direct Investment (FDI) policy: The Indian government has liberalized its FDI policy in recent years to make it easier for foreign companies to invest in the country. This has led to an increase in foreign investment in the manufacturing sector.
Industrial arguments in India ?
The strenghts of machining in india
India has a large and skilled workforce, which allows for cost-effective machining services. This is particularly attractive for companies looking to outsource their manufacturing needs. Machining companies have invested in advanced technology and equipment, which allows them to produce high-quality precision parts for a wide range of industries.
They offer a wide range of services, including CNC (computer numerical control) machining, turning, milling, drilling, and grinding. This allows companies to source all their machining needs from a single supplier.
They are also able to offer competitive pricing for their services due to lower labor costs and a favorable exchange rate, an attractive option for companies looking to outsource their machining needs.
India has a large pool of engineers and technicians with expertise in various fields, which allows Indian machining companies to offer specialized services such as reverse engineering and prototyping.
How Bridges developed its presence in India
Blablabla parmis tous ces argmuent on a sourcé les meilleurs compagnies depuis 35 ans , on était les premiers a sentir le coup blabla ( si on se pose en à moitié en agents ) – autrre si on se pose en groupement d’usine indienparce qu’on est des fous The company principally operates through three primary segments — Construction Industries, Resource Industries and Energy & Transportation — and provides financing and related services through its Financial Products segment.
