Industryexpertsindia (1)

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Contract Manufacture Essence and
Benefits Contract manufacturing is a contract
between two organizations where one party is the
manufacturer and the other the entity which sells
under its brand. A contract manufacturing
Companies can either work with one organization
or multiple organizations with certain tweaks in
the product to suit the needs of the hiring
organization. If the product being manufactured
is exclusive it is termed a private label.
Products or services that are manufactured are
named private label manufacturing.
White label manufacturing is where the
manufacturer makes a generic product or just
about slight changes in the product which is sold
to more than one wholesaler and/or retailer. For
example, a manufacturer of jars is contracted by
many honey retailers for jars and these jars
happen to be more or less similar to the
brands that sell in the market, this jar
manufacturer is a white-label manufacturer. The
advantages of white- label manufacturing are as
follows i Increased supply Through the supply
to multiple clients, manufacturers can expand
into new markets and cultivate new customers. ii
Rapid growth Since the focus is on
manufacturing certain products, it is easier
to scale up capacities to meet increased demand
from new customers. In 2018, according to UNIDO,
India was ranked 6th in Manufacturing Value Added
(MVA) of 473 billion as it has a solid
industrial base. This ranking makes Indias base
in industries equal to the combination of South
East Asias leading manufacturing countries like
Thailand, Indonesia, the Philippines, and
Malaysia. The bandwidth of developing nations to
provide world-class quality at a low-priced price
makes it a hub for organizations from developed
nations to contract with manufacturing
organizations. India features prominently in the
sectors of Gems Jewelry, Pharmacy, Textiles,
Food Agro products amongst others, the reason
being indigenously available raw
materials/products as also inexpensive labor
costs. There are top contracting manufacturing
companies in India as well. If you are seeking a
leading position in exports and being recognized
as a world-class contract
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manufacturing organization, Industry experts, at
minimal costs, offer you its domain to be
positioned amongst the listed contract
manufacturers in India by which leading brands
and global buyers can contact you for their
requirements.