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Manufacturing Jobs in Bangalore

Manufacturing has emerged as one of highest grossing sectors in India. With the launch of initiatives such as the ‘Make in India’ program, India is looking to set its foot firmly on the world map as a manufacturing hub. It is aiming to secure its place as the fifth largest manufacturing country in the world by the end of the year 2020. Global giants in the industry have started looking towards India with India, already setting up manufacturing plants in the country. The government aims to achieve 25% GDP share and 100 million new jobs in the sector by 2022 coming through the manufacturing industry.

Between 2012 and FY17, the manufacturing sector in India grew at a compound annual growth rate (CAGR) of 7.32% which increased to 7.7% in 2018. In the Union Budget 2018-19, the Government of India reduced the income tax rate to 25% for all companies having a turnover of up to USD 38.75 million. The fact that India is being recognized as a viable manufacturing hub becomes evident when you look at several mobile phones, luxury brands, and automobile brands, among others that have set up or are looking to establish their manufacturing bases in the country. The manufacturing sector of India has the potential to reach USD 1 trillion by 2025 with the country expected to rank amongst the top three growth economies and manufacturing destinations of the world by the year 2020.

A phased manufacturing programme under the ‘Make in India’ initiative aims to add more factories dedicated to the production of smartphone components thereby giving a push to the domestic manufacturing of mobile handsets. The application of the Goods and Services Tax (GST) intends to make India a common market with a GDP of USD 2.5 trillion and a population of 1.32 billion people, which serves as a big incentive for investors. Large global industrial productions such as Cummins and Abbott already have manufacturing bases in the country.

Land the Best Industry Jobs in Bangalore

Bangalore is a hotbed of attractive manufacturing and industry jobs. The salary trend in the city is fairly linear with senior professionals in R&D, Production Management, Quality Management, Design Engineering, and Process Engineering all garnering an average annual salary of INR 20.00 lac in 2016-17. A junior quality manager in the city made INR 5.28 lac per annum while a junior process engineer earned INR 4.75 lac per annum.

As the city sees continued development, the job market will see well-paying industry jobs in Bangalore emerge steadily. Randstad assists you in your job search, offering complete guidance and support to identify the right opportunities and work towards them. Choose Randstad to land the manufacturing job in Bangalore you’ve always dreamed of.

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