Mahindra & Mahindra, one of India’s leading industrial enterprises, is set to help American companies expand their international footprint by leveraging the advantages of India as a manufacturing hub. This initiative comes as India ramps up efforts to revolutionize the global manufacturing and supply chain landscape.
What Happened: The Mahindra Group will support interested companies in setting up their manufacturing base in India in a range of ways, including an integrated approach to manufacturing, a modular plug-and-play suite of offerings, experience sharing on regulations and compliance, and an environmental, social, and governance (ESG) focus. The group offers self-sufficient industrial parks at strategic locations and expertise to guide companies through the approval processes. It also provides cost-effective solutions for manufacturing and logistics needs, according to a press release issued by Mahindra & Mahindra.
Complementing these efforts, the International Finance Corporation (IFC) – the largest global development institution focused on the private sector in emerging markets – will offer bespoke equity and debt financing solutions for these companies. IFC has deep expertise in the manufacturing sector globally and offers valuable guidance leveraging its presence in India for local context and insights gained over six decades in the country.
Speaking about the initiative, Dr. Anish Shah, Managing Director & CEO, Mahindra Group, said, "Mahindra Group is delighted to announce a dedicated platform in the United States – a decisive step aimed at enhancing global manufacturing and supply chain solutions for American companies. With this bold move, we will empower American businesses to unlock the immense potential of manufacturing in India."
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