The green tinge of local manufacturing

National decarbonisation goals are driving a global race in near-shoring, on-shoring and friend-shoring of production, with India actively joining this dynamic landscape

Localised supply chains — which most countries are trying to incentivise — have a cost, but there is an environmental benefit too. “It is pretty impossible to hit decarbonisation targets if you are shipping materials constantly across vast distances,” Hilary Maxson, the chief financial officer of Schneider Electric, told BloombergNEF in a recent interview. The $37 billion energy management and industrial automation solutions company has built regional supply chains over the years to meet sustainability commitments made since 2005, which have also improved its speed to market.

Every country is looking at local manufacturing as the magic mantra. The alluring