The Indian manufacturing sector has witnessed significant growth over the past decade, emerging as the second most sought-after manufacturing destination globally. Part of this progress can be attributed to the ‘Make in India‘ initiative by India’s federal government. The initiative has facilitated an enabling environment for businesses through reforms, infrastructure development, and investor support mechanisms. This has resulted in a surge of investments across diverse sectors, aligning India’s industrial growth with sustainable practices.
The introduction of initiatives such as the Production-Linked Incentive, and the development of industrial corridors, railway networks, and the Sagarmala project — a port-led development initiative by India’s Shipping Ministry to enhance the country’s coastal economy and logistics, — have further boosted the manufacturing sector.
Digitization has played a crucial role in enhancing accessibility and promoting sustainable practices. Initiatives such as the Indian Trade Portal, online portals for Employees State Insurance and Provident Fund, a type of social security, as well as real-time registrations have equipped India with the necessary infrastructure to raise the manufacturing sector’s share in the economy and become an important player in global supply chains.
The emphasis on sustainable manufacturing, supply chain management, responsible sourcing, and resource optimization underscores the sector’s commitment to creating a greener and more resilient future.
As India moves toward ‘Make in India 2.0,’ the focus is on strengthening specific sub-sectors based on their strengths, export potential, employability, and import substitution potential.
Furthermore, India’s energy transition toward renewable sources such as solar, wind, and bioenergy is poised to reshape the industrial and economic landscape in the next decade.
