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The government has constituted an inter-ministerial committee, led by B V R Subrahmanyam, CEO, Niti Aayog to develop the core blueprint of India’s new national manufacturing mission, an official said. The mission was announced in the Union Budget 2024–25 as part of the renewed push to accelerate the Make in India agenda.
The proposed mission will focus on five key pillars:
It aims to cover all segments—small, medium, and large
industries—and is expected to offer policy support, along with a governance and
monitoring mechanism for both central and state levels.
Currently, manufacturing
contributes about 16–17% to India’s GDP, and the new mission seeks to raise
this share. An industry expert said the initiative would enhance
competitiveness, foster innovation, and better integrate Indian manufacturing
with global value chains.
Background: Make in India
Launched in 2014, the Make in India programme was designed to turn India into a
global manufacturing hub and create jobs by attracting investment. It
prioritises sectors like automobiles, electronics, pharmaceuticals, food
processing, and textiles.
Reforms under the
initiative have included ease of doing business measures, infrastructure
upgrades, and investment incentives. Schemes such as the Production-Linked
Incentive (PLI) and Atmanirbhar Bharat Abhiyan have further strengthened the
programme by focusing on self-reliance and local manufacturing capabilities.
While successes like a surge in mobile phone manufacturing and rising FDI inflows are evident, experts say regulatory hurdles, infrastructure bottlenecks, and the need for skilled manpower remain key challenges.
(CW)
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INDUSTRIAL PRODUCTS FINDER (IPF) is India’s only industrial product portal. Referred to as the ‘Bible’ of the manufacturing sector in India,
INDUSTRIAL PRODUCTS FINDER (IPF) is India’s only industrial product portal. Referred to as the ‘Bible’ of the manufacturing sector in India,
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