Why is India considered a good destination for production according to the EU Commissioner

1. Skilled Workforce: India has a large pool of educated and skilled labor force that can meet the demands of various industries. 2. Favorable Regulations: The regulatory environment in India is becoming increasingly business-friendly, making it an attractive destination for production. 3. Cost-Effective Manufacturing: India offers competitive manufacturing costs compared to other countries, contributing to higher profitability for businesses. 4. Access to Markets: India's strategic location provides easy accessibility to key markets in Asia, Europe, and Africa, facilitating efficient distribution networks. 5. Innovation and Technology Hub: India is emerging as a hub for innovation and technology, with a growing ecosystem supporting research and development activities.