Manufacturing

Driving Sustainable Growth with Trusted Advisory

India's manufacturing sector is a pivotal driver of economic growth, contributing approximately 13.89% to the nation's GDP.  With a global manufacturing output of $490 billion in 2024, India ranks as the world's sixth-largest manufacturer, accounting for 2.91% of global manufacturing output.  The sector's expansion is fueled by strategic initiatives such as the Production Linked Incentive (PLI) scheme, PM MITRA, and the National Manufacturing Mission, which collectively attracted $165.1 billion in investments in 2024. 

At Baker Tilly ASA India, we collaborate with manufacturers across various sub-sectors—including automotive, electronics, textiles, and capital goods—to optimize financial performance, ensure regulatory compliance, and drive sustainable growth. Our multidisciplinary approach provides strategic, financial, and operational support tailored to the unique challenges and opportunities within the manufacturing landscape.

Our services include:

• Accounting, compliance, and payroll outsourcing for large manufacturing units
• Financial modeling and forecasting for production scalability
• Business process re-engineering improving control and efficiency
• ERP and automation support integrating financial reporting systems
• Tax advisory and compliance for GST, customs, and excise
• Internal audit and risk management reviews for governance enhancement
• CERT-In cyber audits for operational technology and IT systems
• Working capital management improving liquidity and performance