Make in India enhances office leasing in the manufacturing sector

- Advertisement -

pm-narendra-modi-launches-make-in-india-campaign-in-delhi

The manufacturing sector cataloged a two-fold jump in the first half of 2016 .

By Baishakhi Dutta

- Advertisement -

According to a Knight Frank report released early this week, the Make in India dynamism has sustained the manufacturing sector ease up office space as IT/ITeS sector has started losing its paramountcy in the space.

The Make in India initiative, launched by Prime Minister Narendra Modi in September 2014 it was to inspire foreign manufacturers to set up factories in India by mitigating business rules and streamlining approval process.

Office space leased by companies such as Samsung and Honeywell in Gurgaon, and Oppo in Noida contributed significantly to the sector’s demand in this half, according to the report.

In the commercial capital Mumbai, manufacturing sector transactions recorded a 95% jump with companies from chemical and pharmaceutical sectors taking up office spaces in Andheri-Kurla, Bandra Kurla Complex, Vikhroli and Powai. Chennai has also seen the manufacturing and other services sector gaining market share, especially in the last 18 months, with companies like Renault-Nissan and Ford taking up large office spaces in the city.

Another phenomenon which became more visible in the report was the preference for ready-to-move-in projects.

The report stated that this growing temperament is the aftermath of project lag and long withstanding period in the completion of infrastructure project.

- Advertisement -

Related Artcles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Buzz

GlobalFoundries and Qualcomm

GlobalFoundries and Qualcomm Extend Agreement

0
GlobalFoundries and Qualcomm recently announced that the two companies will be more than doubling their current strategic global manufacturing agreement for semiconductors entered into...
Reality AI, Renesas, RTOS, RZ/N2L

RZ/N2L MPUs By Renesas

0
Renesas recently announced the range of RZ/N2L microprocessor units (MPUs) which aims to simplify the implementation of industrial ethernet communications and claims to make...
South Korea Gunning For Chip Supremacy, CamGraPhIC, CMOS

Potential Platform for Beyond CMOS Electronics?

0
A group of researchers who are a part of an RMIT-led multinational collaboration, recently reported that they have for the first time observed the...

Exclusive

Chinese Phones For Less Than 12k, Not Allowed!

0
The central government is aiming to put some restrictions on Chinese smartphones holding the Indian market. Made-in-China giants like Xiaomi and others have managed...

“Inquisitiveness To Explore Makes A Big Difference…”

0
There are many who aspire to hold prestigious positions at big corporate houses, but very few are willing to work hard enough for it....
Japanese, InnovationLab

InnovationLab Unveils Additive PCB Production

0
InnovationLab, a printed electronics company, “from lab to fab,” recently claimed that it has achieved a breakthrough in additive manufacturing of PCBs, which in...

Important Sectors

GlobalFoundries and Qualcomm

GlobalFoundries and Qualcomm Extend Agreement

0
GlobalFoundries and Qualcomm recently announced that the two companies will be more than doubling their current strategic global manufacturing agreement for semiconductors entered into...
Reality AI, Renesas, RTOS, RZ/N2L

RZ/N2L MPUs By Renesas

0
Renesas recently announced the range of RZ/N2L microprocessor units (MPUs) which aims to simplify the implementation of industrial ethernet communications and claims to make...
South Korea Gunning For Chip Supremacy, CamGraPhIC, CMOS

Potential Platform for Beyond CMOS Electronics?

0
A group of researchers who are a part of an RMIT-led multinational collaboration, recently reported that they have for the first time observed the...

New Policy Push For Floating Solar Projects

0
A new policy for Solar energy is underway, which would incentivise investment in floating solar power generation. Though the technology needed is expensive, it...

Chinese Phones For Less Than 12k, Not Allowed!

0
The central government is aiming to put some restrictions on Chinese smartphones holding the Indian market. Made-in-China giants like Xiaomi and others have managed...

Manufacturing

New Policy Push For Floating Solar Projects

0
A new policy for Solar energy is underway, which would incentivise investment in floating solar power generation. Though the technology needed is expensive, it...

Chinese Phones For Less Than 12k, Not Allowed!

0
The central government is aiming to put some restrictions on Chinese smartphones holding the Indian market. Made-in-China giants like Xiaomi and others have managed...

Polymatech Will Invest USD 1 Billion On Expansion

0
Polymatech semiconductor manufacturing and packing facility is expected to produce 250 million chips per year with an investment of USD 1 Billion. The company will...

Third-largest by 2026: Indian Auto Sector

0
Going by the latest report of Invest India, the automotive sector will reach the mark of $300 billion by 2026. It will make India...

Flex Sees Growth With Smart Cities Mission

0
Flex CEO Revathi Advaithi, who started with the benign manufacturing field and now sits at the helm of this multinational company, considers the growing...