The Mahindra Group, a multinational company based in Mumbai, India, said it is poised to help American companies enhance their international footprint and expand by leveraging the advantages of India as a manufacturing hub. The company will support interested companies in setting up their manufacturing base in India in a range of ways:
- Through an integrated approach to manufacturing (infrastructure, supply chain, technology/automation, and others)
- A modular plug-and-play suite of offerings
- Experience sharing on regulations and compliance
- Environmental, social and governance (ESG) focus
The Mahindra Group said it offers self-sufficient industrial parks at strategic locations and expertise to guide companies through the approval processes. They also offer cost-effective solutions for manufacturing and logistics needs.
The company also announced that International Finance Corporation (IFC), a global development institution focused on the private sector in emerging markets, will offer bespoke equity and debt financing solutions for these companies. IFC has expertise in the manufacturing sector globally and offers guidance leveraging its presence in India for local context and insights gained over 60 years in the country.
According to the Mahindra Group, the initiative's modular approach will further allow businesses to select products, services, and financing options from the Mahindra Group's entire suite of offerings based on their exclusive requirements. Sustainable manufacturing solutions will be a key component of the initiative.
The company said it has extensive experience in regulatory and policy matters, with an in-house team of experts that will lend their expertise to American companies.