Tue. Jul 14th, 2020

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Indian manufacturers have huge opportunities if there is a sizable shift in opportunities from China to India

2 min read

The opportunity for Indian manufacturers are humongous if there is a sizable shift in opportunities from China to India. A look at the India-USA trade gives some clue. A good portion of India’s current exports to the USA consist of apparel, pharma, chemicals, vehicles and furniture. However, except for a few sectors such as pharma, fish/sea creatures and carpets, exports from China are several times more than that of India.

Capital goods

MNCs with the technological advantage and strong parentage in global markets, such as Cummins, ABB and Siemens with reasonable export exposure to benefit.

Auto component makers

Many companies associated with making components are expected to gain. In the Electricals segment, Nippon Electricals is a key player. In suspension & braking part, Jamna Auto, Gabriel India, Munjal Showa are the companies which are expected to benefit and in the cooling systems category, Subros is expected to hog the limelight.

Durables

Traction for contract manufacturers is a likely fall out of reduced import dependency. Last year, contract manufacturer Dixon Technologies had indicated the company is looking to scale up its presence in the export market through the lighting and mobiles segment. Likewise, AC manufacturer Amber Enterprises could also benefit from the market opportunities thrown across by the pandemic.

Agrochemicals

UPL, PI Industries, Bharat Rasayan, Excel Industries, Insecticides India are the names that are positioned to benefit from the shift and would be worth watching out for. PI Industries indicated that it has witnessed big order wins and a significant surge in enquiries and is ready for high growth in the CSM (Custom Synthesis Manufacturing) segment. UPL, another major player in this space, sees this as an opportunity to seize market share and the management believes that there is opportunity for UPL to emerge as an alternative supply source;

and others…

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