Suman Chowdhury, President-Ratings speaks about the impact of Make In India and GST on the manufacturing sector, in an article by Rebecca Bundhun in The National

07 Aug 2018

The National

"It's definitely one of the very well-intentioned programmes that was launched because India was losing its competitiveness in manufacturing,” says Suman Chowdhury, the president of ratings, at Acuité Ratings and Research based in Mumbai. "Make in India is there precisely to improve the competitiveness and encourage the growth of manufacturing in a big way. I think from that perspective the benefits are still to be seen.”

Our exciting journey started in 2005 with rating of bank borrowers most of whom were small and medium enterprises. At that time, credit rating was a concept known only to large issuers of capital market instruments. Since then, like a caterpillar transforms itself into a beautiful butterfly, we transformed to rate bonds, bank facilities of large corporates and issuers across industries. Along came many achievements - SEBI Registration in 2011, RBI accreditation in 2012, 50,000 ratings in 2018, 5,000 Bond and Bank Loan Ratings in 2017, launch of India's first Android and iPhone app to disseminate rating, tamper-proof QR-code-enabled rating rationales, and SMERA Terminal to name a few.

Now is the time to re-emphasize our increasing footprint across all segments of ratings through the launch of our new name - 'Acuité'.

The name has changed. The spirit of upholding highest standards of analytical rigour, continuous improvement, excellence in our processes and quest for innovation remains the same. We would like to re-emphasize that we will continue to work hard to provide independent, unbiased and timely opinion of highest standard.

Acuité means 'sharpness and clarity of thought and vision'. Let our research and ratings help you take decisions with confidence.

Sankar Chakraborti