Building a Stronger India

Indian manufacturing industry is evolving at a fast pace and is becoming more and more advanced. This industry is expected to grow further due to the current strategic development and policies that have geared it for growth affecting automobile, electrical, drug, and textile sectors. One of the pillars of such growth is the “Make in India” policy aimed at increasing the attractiveness of the domestic market for both national and international investors in the sphere of manufacturing. This program has been effective in the attraction of companies of international repute with new production facilities and expansion of existing ones. Also, the Production-Linked Incentive (PLI) schemes are also helping in increasing growth by providing incentives to the manufacturing industries for reaching the defined production level.

Opportunities are also obtained from its demographic dividend that India holds. By having a young and rapidly developing skilled labor force the country is capable to satisfy the growing demand for manufactured products. The emphasis on skills training offered through numerous governmental initiatives is to guarantee that the supply of workforce is ready to perform at the new level of manufacturing. Another factor is the enhancement of the physical facilities in the institution. Development activities in industrial corridors, dedicated freight corridors and logistics parks are improving the supply chain efficiency and reducing the operating cost. There is also the emergence and integration of new technologies like automation, AI, and IoT that help in enhancing efficiency. In addition, the sector has the advantage of a growing domestic market.

In the current issue, we introduce you to the top companies in manufacturing segment. In this issue, Industry Outlook has identified the select few companies that have done particularly well in this industry with a high level of dedication. We have found that these companies have gone the extra mile in proving their commitment to meet the customer needs in an integrated manner.

We welcome your feedbacks and suggestion that you may have concerning this special issue.