Contract manufacturing is a contract between two organizations where one party is the manufacturer and the other the entity which sells under its brand. A contract manufacturing Companies can either work with one organization or multiple organizations with certain tweaks in the product to suit the needs of the hiring organization. If the product being manufactured is exclusive it is termed a private label. Products or services that are manufactured are named private label manufacturing.
White label manufacturing is where the manufacturer makes a generic product or just about slight changes in the product which is sold to more than one wholesaler and/or retailer. For example, a manufacturer of jars is contracted by many honey retailers for jars and these jars happen to be more or less similar to the brands that sell in the market, this jar manufacturer is a white-label manufacturer. The advantages of white-label manufacturing are as follows:
In 2018, according to UNIDO, India was ranked 6th in Manufacturing Value Added (MVA) of $473 billion as it has a solid industrial base. This ranking makes India’s base in industries equal to the combination of South East Asia’s leading manufacturing countries like Thailand, Indonesia, the Philippines, and Malaysia.
The bandwidth of developing nations to provide world-class quality at a low-priced price makes it a hub for organizations from developed nations to contract with manufacturing organizations. India features prominently in the sectors of Gems & Jewellery, Pharmacy, Textiles, Food & Agro products amongst others, the reason being indigenously available raw materials/products as also inexpensive labor costs.
There are top contracting manufacturing companies in India as well. If you are seeking a leading position in exports and being recognized as a world-class contract manufacturing organization, Industry experts, at minimal costs, offer you its domain to be positioned amongst the listed contract manufacturers in India by which leading brands and global buyers can contact you for their requirements.