India is the third most attractive destination in the list of 48 countries in terms of global manufacturing sites in terms of cost and operating conditions. It has been said in a report. According to the global manufacturing risk index report by Cushman Wakefield, a property consulting company, China and the United States remain in the first and second positions, respectively. India has jumped one place to the third position.

The company places 48 countries in Europe, America and the Asia-Pacific in its annual report. It said that this time India has joined the top three destinations and is an emerging hub of global manufacturing activities in terms of cost competitiveness and operating conditions.

Anshul Jain, managing director (India and South East Asia) of Cushman Wakefield said, “Against the backdrop of the Covid-19 pandemic, the government has reiterated its agenda to introduce new measures that will make India a major manufacturing hub.” It will encourage the setting up of a more favorable environment. “He said,” It is encouraging to see India reach the third position among the most suitable places for global manufacturing at such times. “

The company has considered operating conditions and cost competitiveness in this year’s ranking, but has not included the impact of the corona virus epidemic in the calculations. Due to this, China remains in the first place and America is in the second place. India ranks third after China and Vietnam in terms of cost.

However, India ranks 30th in terms of risk scenario. In preparing this index, in the calculation of the cost factor, there is more emphasis on how the manufacturing cost has come down in the country concerned. China remains on the top in this scale, while Vietnam and India are in the second and third position respectively.