Industrial Manufacturing

PwC supports clients across the value chain, enabling them to adapt to the changing needs of the business environment. We assist industrial manufacturing companies across India to reduce costs, transform, innovate, improve performance and grow.

Industrial manufacturing is a major growth sector for the Indian economy with diverse companies including those engaged in manufacturing of machinery and equipment, electrical and metal products, cement, building and construction material, rubber and plastic products and automation technology products.

Key sector focus areas

  • Industrial leaders in India are looking at digitalising their vertical and horizontal value chains from product development and purchasing to manufacturing, logistics and services.
  • Apart from investing in new product development, manufacturers are moving to product + service offering from earlier product only.
  • Efforts are on in forming multi-national partnerships, alliances and joint ventures in order to secure FDI, benefit from advanced technologies, and improve productivity through factory automation. 
  • While focus continues on penetrating in domestic market, Indian manufacturers are also looking to gain a foothold in the global market by increasing sales in existing markets and by identifying new geographies. 
manufacturing sector in india

How we can help

Data and Analytics

Our clients in industrial manufacturing face lot of difficult questions everyday about deciding the next course of action regarding inventory control, to anticipate any machinery failures and estimate future sales volumes.

PwC India’s Data and Analytics team through its solutions comprising of descriptive, predictive and prescriptive modelling techniques can help the clients in gaining competitive advantage by getting valuable insights about their operations and customers and taking the right decisions at the right time.

 

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Digital Services

Alternately called Industry 4.0, the industrial Internet, or simply digitisation, the emergence of machine-to-machine interactions, human-to-machine interactions, robust data and analytics capabilities, and cheaper, more ubiquitous sensors are pushing the Internet of Things (IoT) into the core operations of companies. Together, these technologies are rapidly transforming how companies interact with customers, develop and manufacture new products, and conduct operations in every part of their businesses. The end-to-end experience is changing rapidly.

Our Digital team helps companies devise and implement their strategy for moving forward along the path to digital operations will significantly affect just how competitive they are in the next few years.

 

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Operations Consulting

PwC Operations Consulting team brings a powerful combination of Industry and functional expertise to address our manufacturing clients’ critical challenges and aspirations – from strategy to execution.

We help clients on productivity improvement, throughput enhancement, identifying strategic cost optimisation levers, manpower optimisation, supply planning and optimisation.

 

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Customer Consulting

 
Our Customer experience practice typically focus on one or a combination of the following areas of work
 
  1. Front end led business transformation - wherein we work with companies across the value chain to help grow by 2.5 to 3x over a period of 3-5 years
  2. Function specific transformation in market, sales, service - to drive a clear sales and profitability uplift
  3. Customer experience led transformation​ - to drive superior customer experience delivery and thereby driving revenues and profitabilit.

We have typically delivered 15-20% growth over business as usual to our clients

 

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Strategy Consulting

Driven by closer integration with the global markets, Industrial companies in India have to face a highly competitive market environment, while also sensing opportunities for growth beyond the national boundaries. Companies need to constantly reinvent their business models in order to capture new opportunities, maintain competitiveness and grow profitably.

Strategy&, our strategy consulting practice helps clients identify and leverage new growth opportunities, build capability driven competitive strategies in mature industries, implement go-to-market strategies for enhancing market position, as well as evolve operating models to effectively address market needs. Our expertise is also in comprehensive business transformation projects leveraging proprietary models such as Fit for Growth and Capability Driven Strategy.

 

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Deals

Industrial companies are looking to undertake fund-raising initiatives to finance expansion plans and new business opportunities. The industry does realise the need to develop newer capabilities in order to become a strong player in an ever competing environment.

We have a dedicated deals team that assists companies to undertake acquisitions, investments, divestitures, joint ventures, spin-offs and strategic alliances.

 

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SAP Consulting

SAP S/4 HANA provides a great digital business foundation and connects the various aspects of the digital value chain in real-time to completely re-imagine business.

PwC India has helped manufacturing companies in this HANA driven transformation by deploying S/4 HANA as the new digital core. By relying on a faster and smarter in-memory data platform, SAP S/4HANA paves the way for the next generation of ERP. In short order, the software replaces the redundant data models and slow batch processing of classical ERP with simplified data modelling, real-time processing, on-the-fly reporting and analytics, and application consolidation across supply chain and manufacturing processes.

 

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Forensic Services

Our Forensic Services practice having 350+ strong member team across seven offices has an unparalleled experience in responding to any suspected fraud/crisis situations as well as on a proactive basis to help companies in industrial manufacturing sector prevent such situations from occurring. The team consists of sector experience drawn from a pool of multi-disciplinary professionals such as former police officers, forensic accountants, fraud examiners, MBAs and engineers having 1,000+ person years of cumulative forensic experience across India and abroad. The forensic team also has state of the art forensic technology labs in Mumbai and Gurgaon along with a centre of excellence in Hyderabad.

Their diverse range of services includes Investigations, Fraud Risk Management, Regulatory Compliance including Anti Bribery and Corruption laws and regulations, Corporate Intelligence, Dispute Advisory, Strategic Threat Advisory services and some cutting edge Forensic Technology Solutions including e-discovery and Proactive Risk Intelligence Monitoring System (PRIMS) which helps clients uncover such risks well in advance.

 

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Corporate and International Tax

As Indian manufacturing companies grow and also expand operations across borders, it becomes extremely imperative to adapt to newer and at times complex tax regimes. We at PwC have a dedicated team of experienced tax professionals that provide timely advice and insights to comply, mitigate risks and conduct business in a tax efficient manner.

The PwC team provides assistance in timely statutory compliance, tax and regulatory related business advisory, review of inter-group transactions from transfer pricing perspective and much more, all of which cumulatively enhances the overall tax function effectiveness of the company.

 

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Indirect Tax

A large pool of domestic and foreign companies operate in the industrial segment in India. Introduction of GST has brought in a plethora of changes in the indirect tax regime. Our teams of indirect tax professionals provide comprehensive advice and assistance on both the erstwhile indirect taxes (excise duty, VAT, service tax, etc.), customs and the new regime i.e. goods and services tax (GST).

GST is the first of its kind technology-driven tax change introduced in the country. Our indirect tax team in collaboration with the technology team has introduced a GST compliance solution which helps automate compliances by small and large industrial houses.

 

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Insights

Contact us

Bimal Tanna
Leader
Tel: +91 22 6669 1555
Email

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