Nashik's Samsonite Factory Becomes World's Largest, Surpassing Europe in Production

• Nashik's Samsonite factory has been recognized in the Economic Survey report as the world's largest in terms of production, outperforming European units.
• The report highlights the importance of integrated industrial clusters for India to become a global manufacturing hub, attracting foreign investment and boosting productivity.
• Samsonite's success in Nashik is attributed to the availability of reliable suppliers, skilled labor, and a stable environment.
• The Economic Survey emphasizes that proximity of companies, suppliers, and workers, along with shared infrastructure and knowledge exchange, drives rapid growth.
• India's economy is projected to grow at 6.8-7.2% in FY 2026-27, with GDP estimated at 7.4% for FY 2025-26.

Why It Matters: Nashik's Samsonite factory leads globally, showcasing India's potential as a manufacturing hub through industrial clusters.