Project Opportunities for New Businesses, Start-Ups, and Entrepreneurs.

Description:

The Indian manufacturing industry is expected to touch US$ 1 trillion by 2025. Industry experts accredit the increasing demand of manufacturing units and the penchant for setting up low-cost plants in India by multinational firms for this possible development.

India’s rapidly expanding economy is giving both international entrepreneurs and home players an array of opportunities to venture out and grow. India’s manufacturing sector is vital for its economic progress. The government has realized the importance of this sector to the country’s industrial development, and has taken a number of steps to further enhance the industry.

Key market drivers for the Indian Manufacturing Industry

1)   The Indian manufacturing sector has been witnessing a sluggish growth due to deceleration in investment.

2) The national manufacturing policy suggests raising the share of manufacturing in GDP to 25% in order to create 100 million jobs in the coming decades.

3)  Additional capacities are being planned to be installed in all the major manufacturing units.

4)  A public procurement policy has been proposed incorporating technology along with common facility centres while the Khadi Mark steps has been launched to promote Micro Small and Medium Enterprises.

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