Manufacturing procurement is the process of sourcing different products or services from different stakeholders of a supply chain.
Indian liberalisation began in early 1990s’ leading to gain in momentum of foreign direct investment inflows into the country. However it was only after 2000 that the investment became significantly higher (Bibek Rya Chaudhuri, Pradyut Kumar, 2013).
A well-developed manufacturing sector is needed to provide the basic needs of the population. Similarly to lead to an increasingly diversified economy and to give rise to social psychology and institutional changes manufacturing sector is a principal indicator of economic development of a nation.