Time for India to grab manufacturing opportunity amid Russia imbroglio, says market veteran Shankar Sharma

Market veteran Shankar Sharma in an interview with CNBC-TV18 said that it is a good time for India to grab the manufacturing opportunity due to the China, Russia imbroglio.

"On the manufacturing side, there is definitely a movement. I find a lot of companies saying that the offshoring of contract manufacturing etc. is a real story. Also in the BRIC nations, India does stand out and that is a testimony to the fact that India is a liberal country, it has a framework for running the country well, it doesn't get involved in extraneous matters, and that is why the world likes India. So, it is time India stands up and grabs this opportunity because I do believe there is a significant amount of manufacturing that India is going to capture in this whole China, Russia imbroglio."

He added that the recent up move in crude has been a surprise and investors had no idea of the headwinds that they are currently seeing.