India is set to unveil its National Manufacturing Mission, a transformative initiative aimed at boosting the country’s manufacturing sector and powering its ambitious $7.5 trillion industrial push by 2047. The announcement was made by NITI Aayog CEO BVR Subrahmanyam, who emphasized the need for deep structural reforms to accelerate India’s rise as a global manufacturing hub.
Key Objectives of the National Manufacturing Mission
- Increase Manufacturing’s GDP Share: The mission aims to raise manufacturing’s contribution to GDP from 15–17% to 25% by 2047.
- Streamline Industrial Infrastructure: Plans include plug-and-play industrial parks, pre-cleared sites, and industrial housing for migrant workers.
- Boost Global Competitiveness: The initiative will focus on reducing compliance burdens, enhancing ease of doing business, and helping MSMEs scale.
- Address Regional & Gender Imbalances: The mission seeks to expand manufacturing beyond five or six states and increase women’s participation in the workforce.
Government’s Vision for Manufacturing Growth
The National Manufacturing Mission will not be an advisory body, but a powerful execution platform with the authority to cut through bureaucratic hurdles and coordinate across ministries. Subrahmanyam highlighted that India must grow its manufacturing sector at 15% annually to meet its $7.5 trillion target.
Industry & Policy Support
The mission builds on successful government initiatives like the Production-Linked Incentive (PLI) schemes, Semiconductor Mission, and NICDC industrial corridors. It will also focus on skilling, ensuring a future-ready workforce to support industrial expansion.
What’s Next?
The formal launch of the National Manufacturing Mission is expected within a month, with industry leaders urged to partner with the government to drive India’s manufacturing transformation.
