Govt Sets Up Panel for New National Manufacturing Mission
ECONOMY & POLICY

Govt Sets Up Panel for New National Manufacturing Mission

The government has constituted an inter-ministerial committee, led by Niti Aayog CEO B V R Subrahmanyam, 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:

Ease and cost of doing business

Future-ready workforce

MSME sector empowerment

Access to better technology

High-quality product standards

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.

The government has constituted an inter-ministerial committee, led by Niti Aayog CEO B V R Subrahmanyam, 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: Ease and cost of doing business Future-ready workforce MSME sector empowerment Access to better technology High-quality product standards 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.

Next Story
Infrastructure Urban

Mount Invests Rs 250 Cr, Adds PUF & PEB Plants, 400+ Jobs

TUMKUR, Karnataka, January 8, 2025 - Mount Roofing & Structures Private Limited, one of India's  fastest-growing manufacturers in PUF and a leading solutions provider across Pre-Engineered Building  (PEB) and Polycarbonate sheets, simultaneously inaugurated its second fully automated continuous  Sandwich Panel manufacturing line and a new PEB manufacturing plant at its integrated campus in  Tumkur." The milestone expansion, part of a total investment of INR 250 crores, marks a significant  advancement in the company's commitment to engineered performance, manu..

Next Story
Infrastructure Urban

Titan Intech Strengthens UltraLED Push With Global LED Veteran

Titan Intech has announced the induction of global LED industry veteran Su Piow Ko to its Board of Directors, marking a strategic step in strengthening its UltraLED Displays roadmap and building globally competitive LED display solutions from India.The appointment aligns with Titan Intech’s ambition to position India as a hub for advanced, high-quality LED display manufacturing. With an increased focus on UltraLED Displays, the company aims to enhance technical governance, raise manufacturing standards and expand its presence across global markets.Su Piow Ko brings over three decades of inte..

Next Story
Infrastructure Urban

Dun & Bradstreet Flags New Growth Engines in India 2026 Outlook

Dun & Bradstreet has released its India 2026: D&B’s Perspective report, projecting a stable macroeconomic environment underpinned by fresh opportunities for productivity-led and inclusive growth. The report outlines how India’s next growth phase will be driven by digitised logistics, trusted data ecosystems, clean energy and rising city vitality.According to the outlook, India’s GDP growth is expected to reach around 6.6 per cent by FY2027, supported by resilient consumer demand and sustained public investment. Manufacturing is seen entering a new phase, moving beyond scale towar..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Open In App