The Indian government has established an interministerial committee to define the guidelines for the National Manufacturing Mission, focused on enhancing local manufacturing. Government sources indicated that BVR Subrahmanyam, the CEO of NITI Aayog, will head the committee, which is already engaging in discussions with states and industry stakeholders.
Declared in the Union Budget of this year, the initiative aims to raise the proportion of manufacturing in India's GDP from the existing 16-17%. It seeks to promote the Make in India initiative and will concentrate on small, medium, and large enterprises. Main focal points consist of high-quality products, business-friendly practices, a workforce prepared for the future, a dynamic MSME sector, and access to technology.
Finance Minister Nirmala Sitharaman mentioned that the initiative aims to enhance clean tech manufacturing, emphasizing the importance of increasing domestic value addition and establishing a framework for solar PV cells, EV batteries, motors, wind turbines, and beyond. The government has previously launched production-linked incentives (PLI) for industries like solar modules, electrolysers, and EV batteries.
The initiative will offer policy assistance, governance, and a monitoring structure for central ministries and states.
An industry specialist stated that the suggested mission is anticipated to boost competitiveness, improve efficiency, encourage innovation, incorporate domestic production into global value chains, and position India as a globally competitive manufacturing center.