India Subcontracting Expo Chennai 2019

India has become one of the most preferred location for engineering subcontracting across key sectors including metals & material, mechanical components, automotive and design & engineering. By 2020, USD42 billion worth of work related to R&D of product engineering is expected to be outsourced to India, growing by a CAGR of 22.7 per cent from 2003.

Manufacturing has emerged as one of the high growth sectors in India.Prime Minister of India, Mr. Narendra Modi, had launched the 'Make in India' program to place India on the world map as a manufacturing hub and give global recognition to the Indian economy. India is expected to become the fifth largest manufacturing country in the world by the end of year 2020*. The manufacturing sector of India has the potential to reach US$ 1 trillion by 2025 and India is expected to rank amongst the top three growth economies and manufacturing destination of the world by the year 2020. The implementation of the Goods and Services Tax (GST) will make India a common market with a GDP of US$ 2 trillion along with a population of 1.2 billion people, which will be a big draw for investors.

With the help of Make in India drive, India is on the path of becoming the hub for hi-tech manufacturing as global giants such as GE, Siemens, HTC, Toshiba, and Boeing have either set up or are in process of setting up manufacturing plants in India, attracted by India's market of more than a billion consumers and increasing purchasing power. Cumulative Foreign Direct Investment (FDI) in India's manufacturing sector reached US$ 70.51 billion by June 2017. Under the Make in India initiative, the Government of India aims to increase the share of the manufacturing sector to the gross domestic product (GDP) to 25 per cent by 2022, from 16 per cent, and to create 100 million new jobs by 2022.

The outsourcing R&D services market in India is expected to reach USD38 billion by 2020 from USD20 billion in 2015. Newer capabilities such as supply chain, regulatory compliances and manufacturing engineering are being developed by Engineering R&D Service providers

'India Subcontracting Show' under the umbrella of India's largest Engineering Sourcing Show, IESS 2018 is an opportunity to capitalize on our 'indigenous manufacturing strength'.

This is the must attend event for subcontract manufacturing buyers from all industry sectors, to source suppliers, benchmark capabilities, and secure contracts in order to remain competitive in a global market. The event will help identify, procure and benefit from the low cost advantage of MSME's in machining, sheet metal working, engineering, material development, design, prototyping, screw cutting, surface treatment, testing etc. As a platform for tier 2-3 precision engineers and component suppliers to showcase their strengths to OEM's and Tier 1 manufacturers. The major features of the show are:

  • World class suppliers who can help optimize your productivity and remain competitive in a global market
  • Source the latest solutions and innovations in in-house production, contract manufacturing services and product development
  • Network and build new business relationships throughout the Indian manufacturing industry
India Subcontracting Expo Chennai 2019
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