India is poised to contribute over USD 500 billion annually to the global economy from the manufacturing sector by 2030, said Pralhad Joshi, Union Minister for Consumer Affairs, Food and Public Distribution and New and Renewable Energy.

He was addressing the inauguration of the 7th edition of the India Manufacturing Show (IMS) 2025 in Bengaluru. Calling the current decade a transformative phase in India’s industrial journey, Joshi noted that 33 per cent of employment and 45 per cent of exports are driven by micro, small and medium enterprises (MSMEs).

MSMEs: Backbone of Growth

Union Minister of State for MSME and Labour and Employment, Shobha Karandlaje, emphasised that MSMEs have become India’s second-largest employment provider after agriculture, offering jobs to nearly 30 crore people.

She said MSMEs contribute 30 per cent to the country’s GDP, 45 per cent to manufacturing output, and 40 per cent to exports. “MSMEs are partners in India’s development and key to becoming a global manufacturing hub,” she added.

Innovation and Indigenous Strength

Highlighting the spirit of innovation, V Narayanan, Chairman, Indian Space Research Organisation (ISRO), said Indian manufacturing now forms the backbone of the nation’s space operations.

Samir V Kamat, Chairman, Defence Research and Development Organisation (DRDO), noted that India has transitioned from import dependence to domestic defence manufacturing, underscoring the strength of indigenous production.

Showcasing Industrial Excellence

The three-day IMS 2025 marks the largest edition yet, featuring over 450 exhibitors, including 220 MSMEs. The event showcases innovation across sectors such as aerospace and defence, automation and robotics, and electrical and electronics manufacturing.

The show reflects India’s growing manufacturing prowess and aligns with the government’s Make in India vision to position the country as a global industrial hub.

(Source: The New Indian Express)