The combination of Microcast Mexico and Sigma brings several strategic benefits to customers of both companies as they manage their complex global supply chains and want to deal with more capable suppliers. Microcast Mexico sells products to the renowned customers in North America, primarily in the lighting, telecom, and marine end markets.

July 2, 2018: Sigma Electric Manufacturing Corporation, a leading manufacturer of ferrous and non-ferrous castings, precision machined components and sub-assemblies, today announced the acquisition of Microcast Technologies Mexicana (вЂњMicrocast MexicoвЂќ), a subsidiary of (вЂњMicrocast New JerseyвЂќ) for an undisclosed amount. However, along with opportunities there are challenges also. Presence of all global players has brought in technological and cultural revolution. India is an important cog in BRICS which adds as a global advantage for the country. The new government policies are transforming India as a destination in ease of doing business. New government has shown a good resolve by coining a strategic term вЂ“ вЂMake in IndiaвЂ™. This is going to aid tomorrowвЂ™s industrial revolution and for India to make a mark for itself. After the burst of Y2K bubble, India has become a global powerhouse in the world of Information Technology (IT). The diverse demographic cultures existing together make India a good destination for innovations. Opportunities: For India to become a force to reckon with, it will have to lay lot of emphasis on opportunities such as IndiaвЂ™s huge human resource. Now we can say that India is on the cusp of becoming a global powerhouse by 2020. India has faced the global challenges very well post-globalisation and adapted to global needs.

These global firms have either set up or in the process of setting up manufacturing plants in India, thus, bringing in latest technology, Now Indian manufacturing world is really poised to take off from here though with some challenges. The Make in India drive of the PM has made India a manufacturing hub for global giants in various sectors like automotive, industrial and home appliances attracted by IndiaвЂ™s market of more than a billion consumers. Today, we have 3 automotive hubs in India вЂ“ while North India has presence of Japanese car makers, South & West India are dominated by German car makers

Indian industry moved towards excellence and exports improvedДominance of automotive industry increased in India.

Dominance of unions reduced and changed from obstructive to participative.

Quality & productivity improved significantly, but still shied away from global standards.

The work culture changed and Indian industry adopted global norms & practices.

However, post-globalisation, almost all world class automobile manufacturers, both 2 wheeler and 4 wheeler, entered India and lot of joint ventures happened which enhanced the capabilities of Indian industry and the industry has progressed significantly on following fronts:.

All these had made Indian products unviable in the global market. Primarily the limitations were on technology front approach & attitude towards work (work culture) poor quality & productivity dominance of unions having obstructionist approach and high cost. Lot of global players entered India posing challenge to domestic industry and exposing our limitations. Post-globalisation, the Indian industry, which was protected and had influence of вЂlicense RajвЂ™, gained independence. In India, the manufacturing sector has gained a kind of maturity which it did not had before Indian economy became global in early 1990s. However, before we really dwell upon future let us look into past and present. The new buzz word is Industry 4.0 which is going to dominate the future manufacturing world. In recent past, with the advent of computerisation and digitisation supported by Internet, the industrial world has moved leaps and bounds. In todayвЂ™s fast paced and ever evolving industrial world, it is important to see how the manufacturing world would be like in 2020. By adopting Industry 4.0, Niteen Inamdar believes that India can acheive operational excellence and become a global manufacturing powerhouse by 2020. Industry 4.0 can be considered as a вЂFusion of online world and the world of industrial productionвЂ™.

Sigma as 227 program management