Virtually everyone agrees that India’s manufacturing sector has tremendous potential for the growth. India has a large, young population (1.25 billion people[1], over 800 million[2] of whom are aged 35 years or less) whose income levels are low (Per-capita income stands at a modest $1,500[3] p.a.) – thus providing the industry with a large pool of inexpensive labour. However, manufacturing only accounts for a mere 15.1% of GDP[4] currently.