Exciting News for India's Manufacturing Sector!

The Manufacturing PMI has reached a 31-month high in May, with the seasonally adjusted S&P Global India Manufacturing Purchasing Managers' Index (PMI) rising from 57.2 in April to an impressive 58.7. This indicates the strongest improvement in the health of the sector since October 2020. As demand for Indian products skyrockets, both locally and internationally, the manufacturing industry is experiencing a significant surge.

With the recent data showing India's GDP growth of 6.1% in the January-March 2023 quarter, leading to an increased growth estimate of 7.2% for the full year 2022-23, the manufacturing sector has played a crucial role. In Q4 FY2023, the sector witnessed a year-on-year growth of 4.5%, indicating a rebound after two consecutive quarters of contraction.

At Ekkaa, we are proud to be part of this flourishing manufacturing landscape, contributing to India's economic growth. Our commitment to innovation, coupled with our "Make In India" approach, positions us as a key player in the consumer electronics industry. As an OEM/ODM manufacturer of LED TVs and accessories, we strive to deliver cutting-edge products that meet the evolving demands of the market.

As companies operating in this dynamic landscape, we are excited to be part of this transformative journey. We recognize the importance of embracing innovation, adopting advanced technologies, and nurturing skilled talent. By doing so, we can seize the momentum, meet the rising demand for Indian products, and drive the industry forward.

The remarkable growth in the manufacturing sector not only fuels economic progress but also creates employment opportunities. We are proud to contribute to job creation and skill development as we expand our production capacities and explore new markets. Together, we can harness the power of the manufacturing sector to build a prosperous future for India.